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- LoopNet Team
301 S East St
Leesburg, FL 34748
East Street Lofts · Build-to-Rent Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Total Plot Size | 0.48 ac |
| Property Type | Build-to-Rent | Property Size | 7,072 sq ft |
| Property Subtype | Apartment | No. Floors | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1957/2019 |
| Costar Property Class | C | ||
| Use Class | R-3 | ||
| No. Units | 12 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.48 ac |
| Property Size | 7,072 sq ft |
| No. Floors | 1 |
| Year Built/Renovated | 1957/2019 |
| Use Class | R-3 |
ABOUT 301 S EAST ST , LEESBURG, FL 34748
East Street Lofts | This 12-Unit multifamily property is ready for a long-term buyer looking to gain immediate equity and add additional value after purchase. Of the twelve units, nine have been gutted and renovated. Ten units are rented at $700 per month; one unit is vacant and ready for remodeling; one unit is occupied on a month to month lease. Property management is currently in place and will be offered for any buyer after closing. Property is individually metered for low cost of ownership. Financials included below (include actual income/expenses and one rent projection for vacant unit). Cost Analysis Performed as Rental Property In: Rent - $97,500.00 Out: (Annual) Property Taxes - $6,115.00 (Annual) Estimated Insurance - $5,421.00 (Annual) Property Management (Optional) - $5,850.00 (Annual) Estimated Utilities/Lawn/Repair/Misc. $7,020.00 Total Costs - $24,406.00 Net: $73,094.00 Earn: Total yearly net equates to - $73,094.00 Total monthly gross equates to - $8,125.00
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 2+1 | 12 | - | - |
PROPERTY TAXES
| Parcel Number | 25-19-24-0800-001-00100 | Improvements Assessment | £408,690 |
| Land Assessment | £56,164 | Total Assessment | £464,854 |
PROPERTY TAXES
