LEESBURG, FL 34748 1502 HIGH STREET
$588,999
Pending
4 more
Presented By: LEGENDS REAL ESTATE PROFESSIONALS, INC with 407-801-9131. -
SQFT • 10,883
Home Details
Under contract-accepting backup offers. Prime Investment Opportunity – Location, Location, Location!
Prime Value-Add Investment Opportunity in Central Florida! Located just 45 minutes from Orlando, this centrally positioned Leesburg asset is zoned by Lake County for 10 units, making it ideal for a multifamily conversion, co-living concept, or workforce housing development. Minutes from Downtown and UF Health Leesburg Hospital, the area offers strong tenant demand and long-term growth.
Full renovation required – estimated at $400,000, including updated floor plans, systems, and interiors. Projected After-Repair Value (ARV): $1,890,000, presenting a strong equity and cash flow play for savvy investors.
With flexible zoning, an undersupplied rental market, and rising demand, this is a rare chance to reposition a property for significant returns. Serious inquiries only – proceed with caution during showings.
Presented By: LEGENDS REAL ESTATE PROFESSIONALS, INC with 407-801-9131. -
Interior Features for 1502 HIGH STREET
Bedrooms
Total Bedrooms
Bathrooms
Total Baths
Other Interior Features
LivingAreaSourcepublic records
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Interior Amenitiesother
Laundry Featuresother
General for 1502 HIGH STREET
Additional Parcels Y/NNo
Building Area Unitssquare feet
Carport Y/NNo
Cityleesburg
Construction Materialswood frame
Coolingnone
Countylake
Directionsfrom fl tpke
take the exit toward us 27n
merge onto us27n
left onto high st
destination will be on the right
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
Gross Income249600
HOANo
Heatingnone
Land Lease Y/NNo
Legal Descriptionleesburg archbell sub lot 11 blk 2 pb 10 pg 5 orb 6312 pg 209
Listing Termscash, other
Living Area Unitssquare feet
Lot Size Square Feet27860
Lot Size Unitssquare feet
MLS Area34748 - leesburg
ModificationTimestamp2025-08-05t19:15:23.670z
New ConstructionNo
Number Of Units Total9
Ownershipfee simple
Possessionnegotiable
Property Subtypemulti family
Property Typeresidential income
Roofmetal
Senior Community Y/NNo
Sewerother
Standard Statuspending
Statuspending
Subdivision Nameleesburg archbell sub
Tax Annual Amount3357
Tax Lot11
Tax Year2024
Total Actual Rent19000
Utilitiesother
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1910
Zoningr-2
Exterior for 1502 HIGH STREET
Exterior Amenitiesother
Foundation Detailscrawlspace
Lot Size Acres0.64
Lot Size Area27860
Number of Buildings1
Private PoolNo
Road Surface Typeasphalt
Water Sourcepublic
Waterfront Y/NNo
Additional Details
Price History
Martha Guerra
Realtor®
