About 1502 High Street
Here is a chance to convert this nine-unit property into a cash-flowing, 10-unit multifamily residence. Located in Leesburg, a market with strong tenant demand and long-term growth, this property holds tremendous potential to address an undersupplied rental market and achieve significant returns. A complete renovation, estimated at $400,000, will be required to achieve its maximum potential. Repairs and upgrades will include reroofing, general system maintenance, cosmetic improvements, updated floor plans, and modern interiors. While this project will require significant work, it presents an opportunity for incredible returns, with an After-Repair Value (ARV) of $1,700,000. This property is a fantastic opportunity to provide value for tenants in a location where demand is strong. Don't miss out on this chance to create affordable and comfortable housing for 10 families. Contact your EquityPro Advisor today.
Features of 1502 High Street
| MLS® # | O6355283 |
|---|---|
| Price | $515,000 |
| Square Footage | 10,883 |
| Acres | 0.64 |
| Year Built | 1910 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Listing Details
| Office | EQUITYPRO LLC |
|---|
Listing Map
Neighborhood Information for 1502 High Street
Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Better Life Academy Private - Preschool to 12Th Grade |
0 Miles | |
|
|
First Academy-Leesburg Private - Kindergarten to 12Th Grade - Closest Elementry School |
0 Miles | |
|
Leesburg High School Public - 9Th Grade to 12Th Grade - Closest High School |
0 Miles | |
|
|
Saint Paul's Catholic School Catholic - Preschool to 8Th Grade - Closest Middle School |
0 Miles | |
|
|
Lake Preparatory School Private - Preschool to 8Th Grade |
1 Miles | |
|
|
Lake Montessori School Private - Preschool to 8Th Grade |
1 Miles | |
|
Oak Park Middle School Public - 6Th Grade to 8Th Grade |
1 Miles |
School data provided by GreatSchools