1. Florida
  2. Leesburg
  3. 1502 HIGH STREET
$579,999

1502 HIGH STREET, Leesburg, FL 34748

  • 10,883 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon0.64acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $53/sqft
  • Property List Date Icon Listed 26 days ago

Property Description

Under contract-accepting backup offers. 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.

Listing Status:
Pending
Date Added:
July 14, 2025 at 05:00AM
Listing Office:
LEGENDS REAL ESTATE PROFESSIONALS, INC : 407-801-9131
Listing Agent:
Samuel Maduro : 407-346-0724
MLS ID:
O6326776

This listing courtesy of Samuel Maduro, LEGENDS REAL ESTATE PROFESSIONALS, INC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Leesburg Elementary School

2229 South St, Leesburg, FL, 34748

Grades PK-5

0.98 miles away

O

Oak Park Middle School

2101 South St, Leesburg, FL, 34748

Grades 6-8

0.89 miles away

L

Leesburg High School

1401 Yellow Jacket Way, Leesburg, FL, 34748

Grades 9-12

0.38 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.