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301 S East St
Leesburg, FL 34748
East Street Lofts · Multifamily Property For Sale
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12 Units
Property Facts
| No. Units | 12 | Lot Size | 0.48 AC |
| Property Type | Multifamily | Building Size | 6,712 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | C | ||
| Zoning | R-3 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 6,712 SF |
| No. Stories | 1 |
| Year Built | 1957 |
| Zoning | R-3 |
About 301 S EAST ST , LEESBURG, FL 34748
12 Units | Solid construction, (2) block 6-unit buildings with metal roofs. All 2/1 units. Currently 9 of 12 leased. Room for rent growth with strategic, professional management and redevelopment. Renovated comp of 6 unit sold for $500K (1023 McNamee St). Loads of equity here. Cash only sale. Property is on city water and sewer with 12 electric and 12 water meters for easy tenant management. Tenants pay their own utilities. Cost Analysis Performed as Rental Property In: Rent - $71,400.00 Out: (Annual) Property Taxes - $2,477.00 (Annual) Estimated Insurance - $6,100.00 (Annual) Property Management (Optional) - $5,712.00 (Annual) Estimated Utilities/Lawn/Misc. $6,570.00 Total yearly net equates to - $50,541.00
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | - |
Property Taxes
| Parcel Number | 25-19-24-0800-001-00100 | Improvements Assessment | $543,394 |
| Land Assessment | $74,676 | Total Assessment | $618,070 |
Property Taxes
Parcel Number
25-19-24-0800-001-00100
Land Assessment
$74,676
Improvements Assessment
$543,394
Total Assessment
$618,070
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