$ 488,000
Property Attributes
  • MLS#G5042778
  • TypePending
  • CountyLAKE
  • CityLeesburg
  • AreaLeesburg
  • Zip34748
  • StyleQuadruplex
  • Year Built1972
  • Taxes$ 1545
  • Price$ 488,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2856
  • Lot Size5,227 SqFt
Listing Provided Courtesy Of:
Data Source:
Stellar MLS
Property Description

INVESTORS DON'T MISS THIS ONE. First time on MLS it's your chance to own a landmark piece of old Leesburg. 425 Palmetto Apartments is a two story building with four 2 bedroom 1 bathroom apartments separately metered on City Utilities. Tenants with very good rental history are happy to remain. Well maintained; within the last 2-6 years new HVAC with Carrier units and a new roof. Looking for a quadruplex building conveniently located to busy downtown's charming entertainment and shopping as well as the center of activity at Beacon College? This diamond in the rough with good bones holds lots of potential for a promising ROI. There's also a Laundry closet on ground floor at rear. By appointment only. Please do not disturb the occupants. Thank you for your interest.

Elementary School Middle School High School
Leesburg Elementary Carver Middle Leesburg High
Price History
6/2/2021 Listed $488,000

General Features

Additional Parcels Y/N No
Appliances Range, Refrigerator
Association Y/N No
Attached Garage No
Building Area Units Square Feet
Carport Y/N No
Construction Materials Block
Cooling Central Air
County Lake
Days on Market 195
Directions From Fruitland Park travel South on Hwy 27/441. Continue on Hwy 441 South to Right turn onto N Palmetto St. 425 Palmetto Apartment building located on Right on corner of Palmetto and Rosefield St.
Disclosures Lead Paint
Elementary School Leesburg Elementary
Exterior Features Lighting
Flooring Carpet, Ceramic Tile
Garage Y/N No
Heating Central
High School Leesburg High
Lot Size Square Feet 5401
MLS Area 34748 - Leesburg
Middle/Junior High School Carver Middle
New Construction No
Occupant Type Tenant
Ok to Lease Twelve Months
Ownership Fee Simple
Pets Allowed No
Private Pool No
Property SubType Quadruplex
Property Type Residential Income
PropertyCondition Completed
Roof Membrane
Senior Community Y/N No
Sewer Public Sewer
Standard Status Pending
Status Pending
Street Name PALMETTO
Subdivision Name N/A
Tax Annual Amount 1545
Tax Lot 07805
Tax Year 2020
Tenant Pays Electricity, Sewer, Trash Collection, Water
Terms Cash, Conventional, FHA, VA Loan
Total Actual Rent 1000
Total Number of Buildings 1
Total Units 1
Township 19S
Unit Count 1
Utilities Electricity Connected, Sewer Connected, Water - Multiple Meters
View City
Water Access YN No
Year Built 1972

Interior Features

Fireplace Y/N No
Flood Zone Code Zone X
Furnished Y/N Unfurnished
Laundry Features Outside
Living Area 2856
Living Area Units Square Feet
Livingareasource Owner
Street Suffix STREET

Exterior Features

Building Area Total 2856
Foundation Details Slab
Lot Dimensions 50x107
Lot Features Corner Lot, City Limits, Level, Near Public Transit, Paved
Lot Size Acres 0.12
Number of Lots 1
Parking Features Assigned
Road Responsibility Public Maintained Road
Road Surface Type Gravel
Spa No
Water Extras YN No
Water Source Public
Water View YN No
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 34748

AVG $320K
AVG $2,043
AVG 83
Year Built
AVG 1996

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