N. Chester St., Leesburg, FL 34748

REDUCED!

NOW $239,000
WAS: $250,000

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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