About 1502 High Street
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.
Residential Income home for sale in LEESBURG, FL at 1502 High Street. This Residential Income home is priced at $47/sqft
Features of 1502 High Street
| MLS® # | O6355283 |
|---|---|
| Price | $515,000 |
| Square Footage | 10,883 |
| Acres | 0.64 |
| Year Built | 1910 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information: Leesburg
| Address | 1502 High Street |
|---|---|
| Area | Leesburg |
| Subdivision | LEESBURG ARCHBELL SUB |
| City | LEESBURG |
| County | Lake |
| State | FL |
| Zip Code | 34748 |
Amenities of 1502 High Street
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Senior Community | No |
Interior of 1502 High Street
| Interior Features | Ninguno |
|---|---|
| Heating | None |
| Cooling | None |
| Fireplace | No |
Exterior of 1502 High Street
| Exterior Features | Other |
|---|---|
| Roof | Shingle |
| Foundation | Slab |
Additional Information On 1502 High Street
| Date Listed | October 24th, 2025 |
|---|---|
| Days on Market | 1 |
| Zoning | R-2 |
| Flood Zone Code | x |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | EQUITYPRO LLC |
|---|