$525,000
$580,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
420 S PALMETTO ST Leesburg, FL 34748
4,992 SqFt
Key Details
Sold Price $525,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,992 sqft
Price per Sqft $105
Subdivision Leesburg Knotts
MLS Listing ID A4406346
Sold Date 05/01/19
Construction Status No Contingency
HOA Y/N No
Year Built 1965
Annual Tax Amount $4,501
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 49x165
Property Description
Gardenview Apartments is a 100% occupied,two-story, 7 unit building constructed in 1965.The building is a total of 4,992 square feet on a 0.22 acre parcel. The building contains (6) 1 Bed/1 Bath apartment units (650 SF) and (1) 2 Bed/ 2Bath apartment (1050 SF). The construction type is concrete block. Each unit has Central AC, with a mix of tile, vinyl and carpet flooring.Gardenview is within walking distance of bustling downtown Leesburg, Beacon College, Leesburg Regional Medical Center, Venetian Gardens Park,bus lines and many other amenities.Recent Upgrades: New exterior paint, new bathroom & kitchen in Unit 7, new kitchen cabinets in Unit 3 and plumbing/electrical upgrades throughout the property. * Significantly below market rent and allowable
Section 8 rents provides opportunity for upside.
Location
State FL
County Lake
Community Leesburg Knotts
Zoning R-2
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Ceramic Tile
Fireplace false
Exterior
Exterior Feature Other
Utilities Available Cable Connected, Electricity Connected
Waterfront false
Garage false
Private Pool No
Building
Entry Level One
Lot Size Range Up to 10,889 Sq. Ft.
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status No Contingency
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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Bought with NON-MFRMLS OFFICE