$609,000 420 S Palmetto Street Leesburg, FL

MLS: A4406346   Type: Income   County: Lake   City: Leesburg   Neighborhood: Leesburg Knotts   Zip: 34748   Style: Multi-Family     Stories: 1   Taxes: $4,501

Mortgage $2,859 /mo



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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.

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Price History

6/19/2018 Listed $650,000
8/27/2018 7% - $609,000

Garage Y/N No
Levels One
MLS Area 34748 - Leesburg
Property SubType Multi-Family
Property Type Residential Income
Senior Community Y/N No
Total Num Buildings 1
Total Units 7
Township 19
Zoning R-2

Interior Features

Cooling Central Air
Fireplace Y/N No
Flooring Carpet, Ceramic Tile
Heating Central
Unit Count 2
Utilities Cable Connected, Electricity Connected

Exterior Features

Carport Y/N No
Construction Materials Block
Exterior Features Other
Lot Dimensions 49x165
Lot Size Acres 0.22
Lot Size Square Feet 9685
Private Pool Y/N No
Water Access Y/N No
Water Extras Yn No
Water View Y/N No
Waterfront Feet Total 0
Waterfront Y/N No

Property Schools

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Property vs Zip Code Avg (34748)

Price 609K Avg 609K

Sqr Feet 4,992 Avg 4,992

Cost / Sqr Ft $122 Avg $122

Taxes $4,501 Avg $4,501

Acres 0.22 Avg 0.22

Visits 126 Avg 127

Days on Site 96 Avg 96

Walkscore® 58 Avg 58

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Location & Address

EXIT Realty Champions
7830 Lake Wilson Road
Davenport, FL