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1318 NEELY DRIVE
LEESBURG FL 34748 US

$650,000

Pending Listing ID TB8416432
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14 bed
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Lot: 4.43 Acres

$650,000

Pending Listing ID TB8416432
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1318 NEELY DRIVE Neely Drive Portfolio is a six-unit multifamily property located at 1318, 1325, 1324 and 1330 Neely Drive in Leesburg, Florida. Situated on 4.43 acres, the portfolio includes six single-story buildings totaling 4, 618 square feet. Built between 1942 and 1956, the property features a low-density layout with a strong land-to-unit ratio and potential for future development or expansion. All units are individually metered for electric and water. The buildings are wood frame construction with shingle roofs. Three units have window A/C units, 2 units have mini-split A/C units and 1 unit has Central A/C. All roofs have been replaced within the last two years, reducing long-term capital expense exposure. Three of the six units located at 1318, 1320, and 1324 Neely Drive have been recently renovated, providing updated interiors and minimizing immediate maintenance needs. Located in Lake County, one of the fastest-growing regions in Central Florida, Leesburg offers a mix of affordability and access to major economic centers. The area benefits from consistent population growth, a strengthening rental market, and proximity to employment hubs throughout the Orlando metro area. The Neely Drive Portfolio offers a compelling opportunity for investors seeking a stable asset with long-term upside in a growing Florida market.

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Property Features

  • Facts
  • Lot Size: 4.43 Acres
  • Property Type: Residential Multi Family
  • Features
  • Cooling System: Ductless, Multi Units, Wall/Window Unit(s), Window Unit(s)
  • Roof Type: Shingle
  • Heating Fuels: Ductless (Heating)

Property

  • propertytype: Residential Multi Family
  • listprice: 650000
  • unparsedaddress: 1318 NEELY DRIVE
  • postalcity: LEESBURG
  • stateorprovince: FL
  • country: US
  • postalcode: 34748
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 4.43
  • lotsizeunits: Acres
  • lotsizearea: 4.43
  • livingarea: 4618
  • livingareaunits: Square Feet
  • latitude: 28.799024
  • longitude: -81.896365
  • listagentfullname: Tito Urbano Perez
  • listagentemail: tito@theaptbrokers.com
  • listagentkey: 3yd-MFRMLSFL-261229163
  • listagentmlsid: 261229163
  • listagentpreferredphone: 4079070350
  • listagentofficephone: 4072072220
  • listofficekey: 3yd-MFRMLSFL-50344
  • listagentstatelicense: 3470017
  • listofficemlsid: 50344
  • disclaimer: Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MFRMLSFL
  • yearbuilt: 1946
  • listingcontractdate: 2025-08-11
  • listagenturl: http://www.flarealtyinvestments.com
  • countyorparish: Lake
  • parcelnumber: 34-19-24-0002-000-03100
  • cooling: Ductless, Multi Units, Wall/Window Unit(s), Window Unit(s)
  • constructionmaterials: Frame
  • heating: Ductless (Heating)
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Shingle
  • waterfrontyn: False
  • interiorfeatures: Ninguno
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -81.89636, 28.799025
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Lawhun Enterprises, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"tito@theaptbrokers.com", "ListBrokerageCity":"Orlando", "ListBrokerageCountry":"US", "ListBrokerageEmail":"carissa@flarealtyinvestments.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/95/260358/20140319154047195.png", "ListBrokerageName":"Lawhun Enterprises, LLC", "ListBrokeragePhone":"(407) 207-2220", "ListBrokeragePostalCode":"32817", "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":"Suite 11", "ListBrokerageUnparsedAddress":"3451 Technological Avenue", "ListBrokerageWebsiteUrl":"http://www.flarealtyinvestments.com", "ListOfficeAddress1":"3451 Technological Ave #11", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Orlando", "ListOfficeCountry":"US", "ListOfficeEmail":"ryan@flarealtyinvestments.com", "ListOfficePostalCode":"32817", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi Family - LEESBURG, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1318-Neely-Dr_Leesburg_FL_34748_M54494-76734?f=listhub&s=MFRMLSFL&m=TB8416432&c=rexren", "MLSModificationTimestamp":"2025-10-07T12:15:11Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Multi Family", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1581.16, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/23/2025 11:13:13 PM GMT
Source Updated Date: 12/6/2025 12:40:37 PM GMT

Courtesy of: Tito Urbano Perez, FLORIDA REALTY INVESTMENTS, tito@theaptbrokers.com

Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.