5-Unit Quadplex + Laundromat Income Property

Address: 1699 US Highway 441, Leesburg, FL 34748
Land Size: 0.67 acres
Zoning: C‑2 (Commercial)

Price: $1,895,000.00

Property Composition

Residential Units – Fully Leased (100% Occupancy)

Located on Alt Key 1796211
Residential: (Built 1961)

Two (2) one‑bedroom / one‑bath units
Two (2) two‑bedroom / one‑bath units
One (1) single‑family home (Located on Alt Key 2514680)
Laundromat

Located on Alt Key 1796211

Building Size: 1,152 SF (to be confirmed)
Built: 1980
Open 24 hours
Coin‑operated facility
20 washers / 20 dryers
Brands: Dexter and Speed Queen
Wash Pricing:
30 lb: $4.00
40 lb: $6.75
50 lb: $7.00
60 lb: $7.75
Dryer Pricing: $0.50 per 5 minutes.
Additional Revenue Potential:

Wash & fold services
Pick‑up and delivery services

Income Summary

Apartment Units

Monthly Income: $4,600
Annual Income: $55,200
Single‑Family Home

Monthly Income: $1,600
Annual Income: $19,200
Laundromat

Monthly Income (conservative): $12,000
Occasionally up to $14,000
Annual Income (based on $12,000/month): $144,000
Total Projected Annual Income:

$218,400

Operating Details

All tenants on annual leases
Property is fully leased
Current owner self‑manages all operations

Expenses

Taxes: $7,000
Insurance: $3,300
Maintenance: $25,200
Total Annual Expenses: $35,500
Finalizing the 2025 P&Ls. Should have those soon.

Recent Capital Improvements

Roofs replaced: 2023
Hot water heaters replaced: 2023
Fresh exterior/interior paint
Machines just serviced

Location Highlights

Positioned along a major commercial corridor with strong visibility and traffic flow. The surrounding area shows signs of ongoing growth and increasing investor interest.

Market Strengths

High visibility & strong traffic counts
Growing population
Stable working‑class / middle‑income demographics
Expanding commercial development
Strategic corridor benefitting from regional growth
This area blends solid residential density with strong commercial demand—ideal for continued income stability and long‑term appreciation.