N. Chester St., Leesburg, FL 34748

Are you looking for a turn-key, multi-family property to plant your money into for a nice return? Take a look at these (5) 600 SF, rented, 3 bedroom/1 bath units. Property sits on 1/3 acre. City water/sewer are paid by the tenants.

The only real rehab needed is to put a new roof on the triplex. Roof on duplex is in good shape. Both buildings have fresh paint on the outside. Unit E has been mildly rehabbed and is vacant. Two units are paying under market. At full potential, you are looking at a raw ROI of 13.5% or so. Rents break out as follows:

Triplex

  • Unit 1a- $500 month to month – been there 20 years
  • Unit 2b- $500 month to month – been there 20 years
  • Unit 3c- $650 signed 12 month lease.

Duplex

  • Unit 4d- $650 just renewed lease
  • Unit 5e- Vacant

Est. Rehab: $10,000

Current Rent: $2,300

Potential Rent: $3,250

  • Address: N. Chester St., Leesburg, FL 34748 
  • Price: $250,000 
  • Availability: Available 
  • Listing Type: Multi-Family 
  • Bedrooms: 15 
  • Bathrooms:
  • Total Square Feet: 3144 
  • Construction Type: Block 
  • Year Built: 1964 

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