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20750699
20750697

706 W Dixie Ave, Leesburg, FL 34748

JP
FL SL3252472
The Apartment Brokers
Listed by The Apartment Brokers
$2,195,000
578 days on market
Updated 28 days ago

Parkside Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Units 19
Cap Rate 7.00%
NOI $172,000
Occupancy 100%
Year Built 1969
Year Renovated 2018
Buildings 2
Stories 2
Acreage 1.000
Investment Type Value Add

Multifamily | 19 Units | $115,526/unit

Marketing description

Welcome to Parkside Condos, a package of 19 out of 30 condos in Leesburg, FL. This meticulously maintained property offers a lucrative investment opportunity with strong rental potential and an excellent location across from Venetian Gardens. The package includes 7 one-bedroom, one-bath units, 10 spacious two-bedroom, one-bath units, and 2 two-bedroom, one-bath townhouses for those seeking a more private, multi-level layout.

With 63% ownership of the property, this offering also grants full control of the Homeowners Association (HOA). This level of ownership allows complete influence over property management decisions and day-to-day operations, ensuring that the owner has the authority to guide the community’s direction and maintain property standards.

Investment highlights

  • Across from Venetian Gardens

  • Full HOA Control

  • New Roof in 2017

  • Separately Parceled as Condos

Listing Contacts

JP
FL SL3252472
The Apartment Brokers
Listed by The Apartment Brokers

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$172,000.00
$14,333.33/mo

Valuation Metrics

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DSCR
7.84%
Cap Rate
7.84%
ROI

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