Leesburg, FL 34748,1907 SOUTH ST
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Leesburg, FL 34748,1907 SOUTH ST
Leesburg, FL 34748,1907 SOUTH ST
Leesburg, FL 34748,1907 SOUTH ST
Leesburg, FL 34748,1907 SOUTH ST

$6,300,000

Est. payment /mo

$5,500,000

14.5%
Est.Price: ?

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1907 SOUTH ST Leesburg, FL 34748

65,404 SqFt

SOLD DATE : 12/08/2021

Key Details

Sold Price $6,300,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 65,404 sqft

Price per Sqft $96

Subdivision Leesburg W C Wilkins

MLS Listing ID G5045908

Sold Date 12/08/21

Construction Status Inspections

HOA Y/N No

Year Built 1985

Annual Tax Amount $7,484

Lot Size 7.390 Acres

Acres 7.39

Lot Dimensions irr

Property Description

Offering is for a portfolio of 3 apartment complexes, 66 Units w/ four vacancies, at a 6% CAP Rate being sold “as is where is”. Seller will not divide. The complexes are all attractive, well maintained, with 94% occupancy at listing date and expected to be at 100% occupancy soon.  The 21 buildings total 65,404 SF+/- and are on a total of 7.39+/- acres with two complexes sitting across from each other and the third complex less than 1 mile away.  All three complexes are walking distance of Leesburg Elementary School, Oak Park Middle School and Leesburg High School and just minutes to UF Health at Leesburg (Hospital), and less than an hour to Orlando and Ocala and within minutes of The Villages. This Central Florida investment has significant value add opportunity with 4 vacancies plus the opportunity to increase rents. 41 of the units are 2/2 and 25 are 2/1. Offering is priced aggressively at $83,500 per unit, seller will not divide portfolio, do not disturb tenants. Financial data is available with an executed confidentiality agreement.  Do not disturb tenants. Assemblage of Lake County Alt Keys # 1354846, 1820383, 2509031, 2509066, 1354757, 1354749, 3813689 & 1652642.

Location

State FL

County Lake

Community Leesburg W C Wilkins

Zoning R-2

Interior

Heating Central, Electric

Cooling Central Air

Exterior

Utilities Available Electricity Available, Phone Available, Public, Sewer Nearby, Water Connected

Building

Foundation Slab

Lot Size Range 5 to less than 10

Sewer Public Sewer

Water None

Structure Type Block

New Construction false

Construction Status Inspections

Others

Ownership Corporation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by GRIZZARD COMMERCIAL REALESTATE
Bought with GRIZZARD COMMERCIAL REALESTATE

Jason VanDam

Broker Associate | License ID: BK3037091

+1(407) 625-1836

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