1105-1111 JOHNSON ST Pending Save Request In-Person Tour Request Virtual Tour
Leesburg,FL 34748
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 5,071 sqft
Price per Sqft $167
Subdivision Leesburg
MLS Listing ID G5097618
Year Built 1958
Annual Tax Amount $4,989
Lot Size 0.970 Acres
Property Sub-Type Multi Family
Property Description
Under contract-accepting backup offers. ACCEPTING BACK UP OFFERS This well-maintained, 8-unit income producing property is located in the historic downtown area of Leesburg, comprising two separate parcels (Alt keys # 1264821 and 1236720).
The first parcel, zoned C-3, includes three block duplexes built in 1958 , each with two bedrooms and one bathroom units. The second parcel is zoned R2, allowing for duplex and triplex uses, and currently includes a duplex with one 2-bedroom/1-bath unit and one 1-bedroom/1-bath unit, and a large lot that offers space for building additional units.
Recent updates include roof replacements on all units in 2021, a recent exterior paint job, new LVT flooring in some units, most units have easy-to-maintain Terrazzo flooring, and newer blown-in insulation. Each unit has individual water and electric meters, with tenants responsible for their utilities through the City of Leesburg utilities. Additional features include laundry hookups, covered entryways and a termite bond on the house.
Historically, this property has maintained full occupancy with consistent, long-term tenants who value the convenient location near downtown Leesburg's entertainment and dining venues, the Rails to Trails walking/bike path, Publix, schools, community theatre, and Beacon College.
The unique private off-street location, plenty of parking space/driveways for each unit, low maintenance, and potential adjacent development site sets this property apart and make it a great investment opportunity.
Location
State FL
County Lake
Community Leesburg
Area 34748 - Leesburg
Zoning C-3
Interior
Heating Electric,Ductless
Cooling Wall/Window Unit(s)
Laundry Outside
Exterior
Exterior Feature Lighting
Utilities Available Electricity Connected,Water Connected
Roof Type Shingle
Building
Foundation Crawlspace,Slab
Sewer Public Sewer
Water Public
Structure Type Block,Frame
New Construction false
Others
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/G5097618