Neighborhood: 34748 - Leesburg, Leesburg W C Wilkins
Property Taxes: $7,484
Offering is for a portfolio of 3 apartment complexes, 66 Units w/ four vacancies, at a 6% CAP Rate being sold “as is where is”. Seller will not divide. The complexes are all attractive, well maintained, with 94% occupancy at listing date and expected to be at 100% occupancy soon. The 21 buildings total 65,404 SF+/- and are on a total of 7.39+/- acres with two complexes sitting across from each other and the third complex less than 1 mile away. All three complexes are walking distance of Leesburg Elementary School, Oak Park Middle School and Leesburg High School and just minutes to UF Health at Leesburg (Hospital), and less than an hour to Orlando and Ocala and within minutes of The Villages. This Central Florida investment has significant value add opportunity with 4 vacancies plus the opportunity to increase rents. 41 of the units are 2/2 and 25 are 2/1. Offering is priced aggressively at $83,500 per unit, seller will not divide portfolio, do not disturb tenants. Financial data is available with an executed confidentiality agreement. Do not disturb tenants. Assemblage of Lake County Alt Keys # 1354846, 1820383, 2509031, 2509066, 1354757, 1354749, 3813689 & 1652642.
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