High St

0 Bedroom Real Estate has been listed for sale at 1502 High St in LEESBURG for $588,999. Chat with a local expert, book a tour.

Leesburg

Leesburg Archbell Sub

1502 High St

1502 High St, For Sale in LEESBURG - eXp Commercial Brokerage

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Prime Investment Opportunity – Location, Location, Location! Prime Value-Add Investment Opportunity in Central Florida! Located just 45 minutes from Orlando, this centrally positioned Leesburg asset is zoned by Lake County for 10 units, making it ideal for a multifamily conversion, co-living concept, or workforce housing development. Minutes from Downtown and UF Health Leesburg Hospital, the area offers strong tenant demand and long-term growth. Full renovation required – estimated at $400, 000, including updated floor plans, systems, and interiors. Projected After-Repair Value (ARV): $1, 890, 000, presenting a strong equity and cash flow play for savvy investors. With flexible zoning, an undersupplied rental market, and rising demand, this is a rare chance to reposition a property for significant returns. Serious inquiries only – proceed with caution during showings.

Don’t miss this rare opportunity to own one of the biggest multi-family houses in the city of Leesburg! This property is a quaint, plantation style house in need of TLC. Featuring three staircases, an upstairs porch, and multiple units/rooms, this house is the perfect canvas for buyers with a creative side. The potential for this property is as grand as the house! Previously, this building was used as an apartment complex and could be again in the future with creative structuring. Group housing, homeless shelter, or domestic violence shelter are options for use as well. Current plans (can be provided upon request) call for 9 3/2 apartments which can be rented for $1, 850/MO each bringing in $16, 650/MO. Whatever you decide to do with this property, prosperity is bound to follow! This is a highly sought after property, so please make sure to get your offers and/or contracts submitted as quickly as possible! Don’t miss out on the opportunity to call this gem yours! Please submit serious offers with POF.

1502 High St, Leesburg, FL

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