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1318 Neely Drive, Leesburg, FL 34748

Beds
14
Baths
8
Sqft
4,618

View property features, location on map, relevant school information and overview from seller's agent.

Listed byFlorida Realty Investments
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Overview

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.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
1
Number of bedrooms
14
Number of bathrooms
8
Square feet
4,618
Lot size (acres)
4.43
Year built
1946

Utilities

Heating
Ductless
Cooling
Wall/window unit(s)
Sewer
Septic tank
Water
Public

Taxes

Tax Annual Amount (2024)
$1,581.16

Public schools

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Sourced from: Stellar MLS MLS®#: TB8416432 Last checked:

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