1. Florida
2. Leesburg
3. 1318 NEELY DRIVE

1318 NEELY DRIVE, Leesburg, FL 34748

• 14 beds |
• 8 baths |
• 4,618 sqft

Property Description

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.

Listing Status:

Active

Date Added:

August 11, 2025 at 05:00AM

Listing Office:

FLORIDA REALTY INVESTMENTS : 407-207-2220

Listing Agent:

Tito Urbano Perez : 407-907-0350

MLS ID:

TB8416432

Interior

• General: Ninguno
• Laundry: None
• A/C: Mini-Split Unit(s)Wall/Window Unit(s)
• Heating: Wall Units / Window Unit

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Tito Urbano Perez, FLORIDA REALTY INVESTMENTS