1318 Neely Drive, Leesburg, FL 34748
- $565,000
- 14
- BD
- 8
- BA
- 4,618
- SqFt
- Sold Price
- $565,000
- List Price
- $650,000
- Status
- Sold
- Days on Market
- 57
- Closing Date
- Dec 22, 2025
- MLS#
- TB8416432
- Property Style
- Multi Family
- Year Built
- 1946
- Bedrooms
- 14
- Bathrooms
- 8
- Living Area
- 4,618
- Lot Size
- 192,970
- Acres
- 4.43
- Total Acreage
- 2 to less than 5
- Legal Subdivision Name
- X
- MLS Area Major
- Leesburg
Property Description
Neely Drive Portfolio is a six-unit multifamily property located at 1318, 1325, 1324 and 1330 Neely Drive in Leesburg, Florida. Situated on 4.43 acres, the portfolio includes six single-story buildings totaling 4,618 square feet. Built between 1942 and 1956, the property features a low-density layout with a strong land-to-unit ratio and potential for future development or expansion. All units are individually metered for electric and water. The buildings are wood frame construction with shingle roofs. Three units have window A/C units, 2 units have mini-split A/C units and 1 unit has Central A/C. All roofs have been replaced within the last two years, reducing long-term capital expense exposure. Three of the six units located at 1318, 1320, and 1324 Neely Drive have been recently renovated, providing updated interiors and minimizing immediate maintenance needs. Located in Lake County, one of the fastest-growing regions in Central Florida, Leesburg offers a mix of affordability and access to major economic centers. The area benefits from consistent population growth, a strengthening rental market, and proximity to employment hubs throughout the Orlando metro area. The Neely Drive Portfolio offers a compelling opportunity for investors seeking a stable asset with long-term upside in a growing Florida market.
Additional Information
- Taxes
- $1581
- Annual Gross Income
- 70794
- Community Features
- No Deed Restriction
- Zoning
- R-2
- Interior Layout
- Ninguno
- Interior Features
- Ninguno
- Utilities
- Electricity Connected, Water Connected
- Heating
- Ductless
- Air Conditioning
- Mini-Split Unit(s), Wall/Window Unit(s)
- Exterior Construction
- Frame
- Exterior Features
- Other
- Roof
- Shingle
- Foundation
- Crawlspace
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 34-19-24-0002-000-03100
- Legal Description
- N 220 FT OF E 1/2 OF NE 1/4 OF NE 1/4 OF NW 1/4--LESS N 40 FT & LESS W 40 FT & LESS BEG S LINE OF N 40 FT WITH E LINE OF W 40 FT INTERSCT RUN E 30 FT TO A PT DESIGNATED PT A BEG AGAIN AT POB RUN S 30 FT NE'LY TO PT A-- ORB 5725 PG 1020
Listing courtesy of FLORIDA REALTY INVESTMENTS. 407-207-2220
Selling Office: STELLAR NON-MEMBER OFFICE.Mortgage Calculator
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