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For sale
  • $700,000

    1318 Neely Dr, Leesburg, FL 34748

    14beds
    8baths
    4,618sqft
    : 
    Multi Family
    Built in 1946
    -- sqft lot
    $649,400 Zestimate®
    $152/sqft
    $-- HOA

    What's special

    Updated interiorsWood frame constructionShingle roofsLow-density layout
    Neely Drive Portfolio is a six-unit multifamily property located at 1318, 1325, 1324 and 1330 Neely Drive in Leesburg, Florida. Situated on 4.43 acres, the portfolio includes six single-story buildings totaling 4,618 square feet. Built between 1942 and 1956, the property features a low-density layout with a strong land-to-unit ratio and potential for future development or expansion. All units are individually metered for electric and water. The buildings are wood frame construction with shingle roofs. Three units have window A/C units, 2 units have mini-split A/C units and 1 unit has Central A/C. All roofs have been replaced within the last two years, reducing long-term capital expense exposure. Three of the six units located at 1318, 1320, and 1324 Neely Drive have been recently renovated, providing updated interiors and minimizing immediate maintenance needs. Located in Lake County, one of the fastest-growing regions in Central Florida, Leesburg offers a mix of affordability and access to major economic centers. The area benefits from consistent population growth, a strengthening rental market, and proximity to employment hubs throughout the Orlando metro area. The Neely Drive Portfolio offers a compelling opportunity for investors seeking a stable asset with long-term upside in a growing Florida market.
    14 days
    on Zillow
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    628
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    39
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    Zillow last checked: 7 hours ago

    Listing updated: August 12, 2025 at 01:15am

    Listing Provided by:

    Tito Urbano Perez 407-907-0350,

    FLORIDA REALTY INVESTMENTS 407-207-2220

    Source: Stellar MLS,MLS#: TB8416432MLS LogoOriginating MLS: Orlando Regional

    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1318 Neely Dr.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 14
    • Bathrooms: 8
    Heating
    • Wall Units / Window Unit
    Cooling
    • Ductless, Wall/Window Unit(s)
    Appliances
    • Laundry: None
    Features
    • None
    • Has fireplace: No
    Interior area
    • Total interior livable area: 4,618 sqft
    Video & virtual tour

    Property

    Features
    • Exterior features: Other
    Lot
    • Size: 4.43 Acres
    Details
    • Additional parcels included: 34-19-24-0002-000-02600, 34-19-24-0002-000-01200, 34-19-24-0002-000-01201
    • Parcel number: 341924000200003100
    • Zoning: R-2
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame
    • Foundation: Crawlspace
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1946

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Electricity Connected, Water Connected

    Community & HOA

    Community
    • Subdivision: X
    HOA
    • Has HOA: No
    • Pet fee: $0 monthly
    Location
    • Region: Leesburg

    Financial & listing details

    • Price per square foot: $152/sqft
    • Tax assessed value: $79,268
    • Annual tax amount: $1,581
    • Date on market: 8/11/2025
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Tenant pays: Electricity, Water
    • Electric utility on property: Yes
    • Road surface type: Asphalt
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