Property

LEESBURG, FL 34748 1318 NEELY DRIVE

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Presented By: FLORIDA REALTY INVESTMENTS with 407-207-2220. - 407-207-2220
  • MLS# TB8416432
  • 08/11/2025
  • Request Tour
  • Request Info
  • Beds • 14
  • Baths • 8
  • SQFT • 4,618

Home Details

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.
Presented By: FLORIDA REALTY INVESTMENTS with 407-207-2220. - 407-207-2220

Interior Features for 1318 NEELY DRIVE

Bedrooms

Total Bedrooms14

Bathrooms

Total Baths8

Other Interior Features

LivingAreaSourceestimated
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior Amenitiesninguno
Laundry Featuresnone

General for 1318 NEELY DRIVE

Additional Parcels Description34-19-24-0002-000-02600, 34-19-24-0002-000-01200, 34-19-24-0002-000-01201
Additional Parcels Y/NYes
Building Area Unitssquare feet
Carport Y/NNo
Cityleesburg
Construction Materialswood frame
Coolingmini-split unit(s), wall/window unit(s)
Countylake
Directionsdrive east bound on hwy 44. take a right on lucas st, then a right on neely dr and property will be on the left.
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
Gross Income70794
HOANo
Heatingwall units / window unit
Land Lease Y/NNo
Legal Descriptionn 220 ft of e 1/2 of ne 1/4 of ne 1/4 of nw 1/4--less n 40 ft & less w 40 ft & less beg s line of n 40 ft with e line of w 40 ft intersct run e 30 ft to a pt designated pt a beg again at pob run s 30
Listing Termscash, conventional
Living Area Unitssquare feet
Lot Size Square Feet192970
Lot Size Unitsacres
MLS Area34748 - leesburg
ModificationTimestamp2025-08-12t05:00:10.170z
New ConstructionNo
Number Of Units Total6
Ownershipfee simple
Property Subtypemulti family
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerseptic tank
Standard Statusactive
Statusactive
Subdivision Namex
Tax Annual Amount1581.16
Tax Lotx
Tax Year2024
Tenant Payselectricity, water
Utilitieselectricity connected, water connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1946
Zoningr-2

Exterior for 1318 NEELY DRIVE

Exterior Amenitiesother
Foundation Detailscrawlspace
Lot Size Acres4.43
Lot Size Area4.43
Number of Buildings7
Number of Lots4
Private PoolNo
Road Surface Typeasphalt
Water Sourcepublic
Waterfront Y/NNo

Additional Details

Price History

Melissa Hooks

Associate
Price $700,000
MLS#TB8416432
List Date 08/11/2025
Property Type Income
Phone 863.557.3487
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