Very Clean & Rented 5 Unit Multifamily N. Chester St., Leesburg FL 34748
Are you looking for a multifamily property to plant your money into for a nice return? Take a look at these turn key, rented, 5 600 sqft 2 bedroom 1 bath units. The property sits on an 3rd of an Acre. Utilities: City water and sewage and are all paid by the tenants.
The only real rehab needed is to put a new roof on triplex. The roof on duplex is in good shape. Both buildings have fresh paint on the outside. Unit E has been mildly rehabbed. One unit is vacant and 2 are paying under market. At full potential, you are looking at a raw ROI of 13.5% or so. Rents break out as follows:
Unit 1a- $500 month to month – been there 20 years Unit 2b- $500 month to month – been there 20 years Unit 3c- $650 signed 12 month lease.
Unit 4d- $650 just renewed lease Unit 5e- Vacant