512 W Dixie Ave, Leesburg, FL 34748

Leesburg Triplex! Unbelievable Investment Opportunity Near Downtown!

Don’t miss this incredible chance to acquire a MultiFamily triplex at an unbeatable price! Located at 512 W Dixie Ave in Leesburg, FL, this historic property, built in 1912, offers a total of 2,006 sqft of living space. Public records indicate the property has 3 bedrooms and 3 bathrooms, with each unit containing one bedroom and one bath, making it an ideal income-producing asset.

This property is a fantastic investment, especially in the current Leesburg market, which is shifting to favor buyers. With a median sale price of around $302,000, this property is listed at an astonishing $175,000, with an estimated refi payment of just $1,348/mo, offering massive potential for equity and cash flow. The average rent for a 1-bedroom unit in Leesburg is around $1,024/month. With three units, the potential rental income is substantial.

The property is conveniently located on a corner lot near the hospital and downtown Leesburg, ensuring strong rental demand. While the property may require some TLC, as indicated by recent listings, this allows a savvy investor to add value, increase rents, and build significant wealth. This is a rare find in the Leesburg market and is an opportunity you won’t want to miss!