1318 Neely Dr
Leesburg, FL 34748
14 Beds8 Baths4,618 Sq Ft6 Days on Market
Listing Agent & Comments
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.
MLS# MFRTB8416432 • Data provided by StellarMLS as distributed by MLS Grid
HouseCanary, Inc. Brokerage
Living Area | 4,618 Sq.Ft. |
---|---|
Lot Size | 4.4 Acres |
Total Rooms | -- |
Bedrooms | 14 |
Bathrooms | 8 |
Stories | 1 |
Year Built | 1946 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $1,581 |
Property in Flood Zone | -- |
Basement | No |
Pool | No |
Data provided by StellarMLS as distributed by MLS Grid.
More Information On This Home
This home's estimated value
$149,298
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties
New
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1318 Neely Dr., Leesburg, FL 34748
Multifamily14 Beds8 Baths4,618 Sq Ft6 Days on Market
Listing Agent & Comments
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.
MLS# MFRTB8416432 • Data provided by StellarMLS as distributed by MLS Grid
HouseCanary, Inc. Brokerage
Living Area | 4,618 Sq.Ft. |
---|---|
Lot Size | 4.4 Acres |
Total Rooms | -- |
Bedrooms | 14 |
Bathrooms | 8 |
Stories | 1 |
Year Built | 1946 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $1,581 |
Property in Flood Zone | -- |
Basement | No |
Pool | No |
Data provided by StellarMLS as distributed by MLS Grid.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
1318 Neely Dr
Leesburg, FL 34748
14 Beds8 Baths4,618 Sq Ft6 Days on Market
Listing Agent & Comments
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.
MLS# MFRTB8416432 • Data provided by StellarMLS as distributed by MLS Grid
HouseCanary, Inc. Brokerage
Living Area | 4,618 Sq.Ft. |
---|---|
Lot Size | 4.4 Acres |
Total Rooms | -- |
Bedrooms | 14 |
Bathrooms | 8 |
Stories | 1 |
Year Built | 1946 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $1,581 |
Property in Flood Zone | -- |
Basement | No |
Pool | No |
Data provided by StellarMLS as distributed by MLS Grid.
More Information On This Home
This home's estimated value
$149,298
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard