Single rental unit - new construction
1712 W. Main Street, Leesburg, Florida 34748
Sold: $90,000
Property Details
Property Type
Residential
Building Type
Freestanding
Building Size
1,000 sqft
Land Size
0.16 acres
Units
1
Sewer
City
Water
City
Zoning
Multi-family
Electric
City
Year Built
2014
Roof
Shingle
Parking
on site
Construction
Frame/stucco
Completely New
Rebuilt in 2014
Property Description
This home was completely rebuilt from the studs up in summer/fall 2014. Strong rental market in this area. New floor systems, new custom kitchen, new tile bath, new insta hot tankless water heater, new vinyl double paned windows, new roof, - it is a new building!
Leesburg would allow commercial office use with rezoning. As it is it will stay rented at $900 per month giving an investor an pro forma NOI of $7800. Assuming taxes of $2000 and insurance of $1000 - that give an investor a CAP = 8.4%!
