1105-1111 JOHNSON ST new Save Request In-Person Tour Request Virtual Tour
Leesburg,FL 34748
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,071 sqft
Price per Sqft $167
Subdivision Leesburg
MLS Listing ID G5097618
HOA Y/N No
Year Built 1958
Annual Tax Amount $4,989
Lot Size 0.970 Acres
Acres 0.97
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
This well-maintained, 8-unit income producing property is located in the historic downtown area of Leesburg, comprising two separate parcels (Alt keys # 1264821 and 1236720).
The first parcel, zoned C-3, includes three block duplexes built in 1958 , each with two bedrooms and one bathroom units. The second parcel is zoned R2, allowing for duplex and triplex uses, and currently includes a duplex with one 2-bedroom/1-bath unit and one 1-bedroom/1-bath unit, and a large lot that offers space for building additional units.
Recent updates include roof replacements on all units in 2021, a recent exterior paint job, new LVT flooring in some units, most units have easy-to-maintain Terrazzo flooring, and newer blown-in insulation. Each unit has individual water and electric meters, with tenants responsible for their utilities through the City of Leesburg utilities. Additional features include laundry hookups, covered entryways and a termite bond on the house.
Historically, this property has maintained full occupancy with consistent, long-term tenants who value the convenient location near downtown Leesburg's entertainment and dining venues, the Rails to Trails walking/bike path, Publix, schools, community theatre, and Beacon College.
The unique private off-street location, plenty of parking space/driveways for each unit, low maintenance, and potential adjacent development site sets this property apart and make it a great investment opportunity.
Location
State FL
County Lake
Community Leesburg
Area 34748 - Leesburg
Zoning C-3
Interior
Interior Features Ceiling Fans(s)
Heating Electric,Ductless
Cooling Wall/Window Unit(s)
Fireplace false
Laundry Outside
Exterior
Exterior Feature Lighting
Utilities Available Electricity Connected,Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Crawlspace,Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block,Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/G5097618