USAFLLeesburgNeely1318 Neely Dr
1318 Neely Dr, Home with 14 bedrooms, 8 bathrooms and null parking in Leesburg FL | Image 1
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$700,000

1318 Neely Dr, Leesburg, FL

Real Estate

For Sale

$--,---,---
1480
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 4618 sqft
Garage No
Taxes $1,581
Days Active 0
Lot Size 
Approx. Age 1946
Avg. Price Per Sqft $151
MLS® Number TB8416432

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Neely Drive Portfolio is a six-unit multifamily property located at 1318, 1325, 1324 and 1330 Neely Drive in Leesburg, Florida. Situated on 4.43 acres, the portfolio includes six single-story buildings totaling 4, 618 square feet. Built between 1942 and 1956, the property features a low-density layout with a strong land-to-unit ratio and potential for future development or expansion. All units are individually metered for electric and water. The buildings are wood frame construction with shingle roofs. Three units have window A/C units, 2 units have mini-split A/C units and 1 unit has Central A/C. All roofs have been replaced within the last two years, reducing long-term capital expense exposure. Three of the six units located at 1318, 1320, and 1324 Neely Drive have been recently renovated, providing updated interiors and minimizing immediate maintenance needs. Located in Lake County, one of the fastest-growing regions in Central Florida, Leesburg offers a mix of affordability and access to major economic centers. The area benefits from consistent population growth, a strengthening rental market, and proximity to employment hubs throughout the Orlando metro area. The Neely Drive Portfolio offers a compelling opportunity for investors seeking a stable asset with long-term upside in a growing Florida market.Show Description
MLS® NumberTB8416432
Laundry LevelNone
Central VacNo
FireplaceNo
Acreage4.43
ExteriorOther
GarageNo
Approx. Age1946
Basement
Driveway
Garage Spaces
HeatDuctless
A/CDuctless, Wall/Window Unit(s)
Heating Fuel

Extras

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