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706 W Dixie Ave 19 Unit Apartment Building $2,195,000 ($115,526/Unit) 7.38% Cap Rate Leesburg, FL 34748
Investment Highlights
- New Roof in 2017
- Full HOA Control
- 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
| Price | $2,195,000 | Apartment Style | Garden |
| Price Per Unit | $115,526 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.94 AC |
| Cap Rate | 7.38% | Building Size | 8,026 SF |
| No. Units | 19 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1969 |
| Zoning | R2 - Residential - 2 | ||
| Price | $2,195,000 |
| Price Per Unit | $115,526 |
| Sale Type | Investment |
| Cap Rate | 7.38% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.94 AC |
| Building Size | 8,026 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Zoning | R2 - Residential - 2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 10 | - | - |
| 2+1.5 | 2 | - | - |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
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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Contact the Sale Advisor
706 W Dixie Ave