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706 W Dixie Ave 19 Unit Apartment Building $2,495,000 ($131,316/Unit) 7.43% Cap Rate Leesburg, FL 34748
Investment Highlights
- Across from Venetian Gardens
- New Roof in 2017
- Separately Parceled as Condos
Executive Summary
Welcome to Parkside Apartments, a package of 19 out of 30 condos in Leesburg, FL. This meticulously maintained property offers a lucrative investment opportunity with strong rental potential and an excellent location across from Venetian Gardens. The package includes 7 one-bedroom, one-bath units, 10 spacious two-bedroom, one-bath units, and 2 two-bedroom, one-bath townhouses for those seeking a more private, multi-level layout.
With 63% ownership of the property, this offering also grants full control of the Homeowners Association (HOA). This level of ownership allows complete influence over property management decisions and day-to-day operations, ensuring that the owner has the authority to guide the community’s direction and maintain property standards.
With 63% ownership of the property, this offering also grants full control of the Homeowners Association (HOA). This level of ownership allows complete influence over property management decisions and day-to-day operations, ensuring that the owner has the authority to guide the community’s direction and maintain property standards.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 10 | - | - |
| 2+1.5 | 2 | - | - |
1 1
Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,009,980 | |
| Land Assessment | $187,100 | Total Assessment | $1,197,080 |
Property Taxes
Parcel Numbers
Land Assessment
$187,100
Improvements Assessment
$1,009,980
Total Assessment
$1,197,080
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706 W Dixie Ave
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