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.
For sale
$700,000
1318 Neely Dr, Leesburg, FL 34748
14beds
8baths
4,618sqft
Est.:
Multi Family
Built in 1946
-- sqft lot
$649,400 Zestimate®
$152/sqft
$-- HOA
What's special
Updated interiorsWood frame constructionShingle roofsLow-density layout
- 14 days
- on Zillow |
- 628 |
- 39 |
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#: TB8416432
Originating MLS: Orlando Regional

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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