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Multifamily

Venetian Apartments

815 Washington St, Leesburg, FL 34748

Listing Price: $2,300,000

Cap Rate
5.61%
Number of Units
22
Price/Unit
$104,545
Price/Gross SF
$220.41
Gross SF
10,435

Investment Overview

22-unit, “B” class multifamily community Improvements throughout all 22 units include but are not limited to, new granite countertops, stainless steel appliances, kitchen cabinets, vanities, sinks, windows, water heaters, light fixtures, tile flooring, and mini split A/C system with two heads in each unit On-site laundry facility with brand new machines Concrete block construction

Investment Highlights

  • Subject property has received substantial capital improvements in excess of $900,000 over the last two years
  • Roof replaced in 2018
  • Minimal direct competition within the Leesburg submarket
  • Located minutes from The Villages, the nation's fastest growing retirement community in the nation with an estimated population of 132,000 residents covering 32 square miles
  • Situated just 500 feet from UF Health Leesburg Hospital making this property a perfect home for resident or traveling nurses and doctors
  • Less than a mile from main thoroughfare US-441
  • Within walking distance to Beacon College
  • 45 minutes from the Orlando MSA

Exclusively Listed By

Listing Price: $2,300,000

Cap Rate
5.61%
Number of Units
22
Price/Unit
$104,545
Price/Gross SF
$220.41
Gross SF
10,435

Investment Highlights

  • Subject property has received substantial capital improvements in excess of $900,000 over the last two years
  • Roof replaced in 2018
  • Minimal direct competition within the Leesburg submarket
  • Located minutes from The Villages, the nation's fastest growing retirement community in the nation with an estimated population of 132,000 residents covering 32 square miles
  • Situated just 500 feet from UF Health Leesburg Hospital making this property a perfect home for resident or traveling nurses and doctors
  • Less than a mile from main thoroughfare US-441
  • Within walking distance to Beacon College
  • 45 minutes from the Orlando MSA

Investment Overview

22-unit, “B” class multifamily community Improvements throughout all 22 units include but are not limited to, new granite countertops, stainless steel appliances, kitchen cabinets, vanities, sinks, windows, water heaters, light fixtures, tile flooring, and mini split A/C system with two heads in each unit On-site laundry facility with brand new machines Concrete block construction

Exclusively Listed By

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