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$515,000
New Listing

1502 HIGH STREET
LEESBURG, FL 34748

For Sale|Multi Family|Active
0
Beds
0
Total Baths
10,883
SqFt
$47
/SqFt
1910
Built
Subdivision:
LEESBURG ARCHBELL SUB
County:
Lake
Call Now: (561) 935-3331
Is this the listing for you? We can help make it yours.
(561) 935-3331
1502 HIGH STREET1502 HIGH STREET1502 HIGH STREET1502 HIGH STREET
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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 $1,100,000. 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.

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Listing Snapshot
Price 
$515,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
10,883 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.64 Acres
Year Built 
1910
MLS® Number 
O6355283
Status 
Active
Property Tax 
$3,357.31
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
6 hours agoListing updated with changes from the MLS®
18 hours agoListing first seen on site
General Features
Acres 
0.64
Foundation 
Slab
Property Condition 
Fixer
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Total 
11363
Water Source 
Public
Zoning 
R-2
Interior Features
Flooring 
Wood
Laundry Features 
None
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Exterior Features
Construction Details 
Frame
Exterior 
Other
Roof 
Shingle
Community Features
Financing Terms Available 
Cash
MLS Area 
34748 - Leesburg
Roads 
Asphalt
Township 
19S
Listing courtesy of EQUITYPRO LLC 3219005977



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-10-25 07:01 AM EDT

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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