1502 HIGH STREET, Leesburg, FL 34748

• 10,883 sqft

Property Description

Here is a chance to convert this nine-unit property into a cash-flowing, 10-unit multifamily residence. Located in Leesburg, a market with strong tenant demand and long-term growth, this property holds tremendous potential to address an undersupplied rental market and achieve significant returns. A complete renovation, estimated at $400,000, will be required to achieve its maximum potential. Repairs and upgrades will include reroofing, general system maintenance, cosmetic improvements, updated floor plans, and modern interiors. While this project will require significant work, it presents an opportunity for incredible returns, with an After-Repair Value (ARV) of $1,700,000. This property is a fantastic opportunity to provide value for tenants in a location where demand is strong. Don't miss out on this chance to create affordable and comfortable housing for 10 families. Contact your EquityPro Advisor today.

Listing Status:

Active

Date Added:

October 24, 2025 at 05:00AM

Listing Office:

EQUITYPRO LLC : 407-203-6860

Listing Agent:

Navid Rokh : 321-900-5977

MLS ID:

O6355283

Interior

• General: Ninguno
• Laundry: None
• Flooring: Wood
• A/C: None
• Heating: None

Exterior

• General: Other

Construction

• Roofing: Shingle
• General: FrameSlab

Location

• Road/Access: Asphalt
• Originating MLS: mfrmls
• County: Lake

Lot

• Zoning: R-2LEESBURG ARCHBELL SUB LOT 11 BLK 2 PB 10 PG 5 ORB 6312 PG 20927-19-24-0200-002-01100

Utilities

• Utilities: Public
• Water: Public
• Sewer: Public Sewer

Financial

• Source: mfrmls
• Ownership: Fee Simple

This listing courtesy of Navid Rokh, EQUITYPRO LLC