1105-1111 Johnson Street, LEESBURG, FL 34748
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1105-1111 Johnson Street
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  • MLS#: G5097618 ( Residential Income )
  • Street Address: 1105-1111 Johnson Street
  • Viewed: 7
  • Price: $850,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1958
  • Bldg sqft: 0
  • Days On Market: 7
  • Additional Information
  • Geolocation: 28.8148 / -81.8827
  • County: LAKE
  • City: LEESBURG
  • Zipcode: 34748
  • Subdivision: Leesburg
  • Provided by: CARLINO REAL ESTATE GROUP INC
  • Contact: Karen LaMantia
  • 352-326-2662
  • mfrmls
  • DMCA Notice
  • Description
    This well maintained, 8 unit income producing property is located in the historic downtown area of Leesburg, comprising two separate parcels (Alt keys # 1264821 and 1236720). The first parcel, zoned C 3, includes three block duplexes built in 1958 , each with two bedrooms and one bathroom units. The second parcel is zoned R2, allowing for duplex and triplex uses, and currently includes a duplex with one 2 bedroom/1 bath unit and one 1 bedroom/1 bath unit, and a large lot that offers space for building additional units. Recent updates include roof replacements on all units in 2021, a recent exterior paint job, new LVT flooring in some units, most units have easy to maintain Terrazzo flooring, and newer blown in insulation. Each unit has individual water and electric meters, with tenants responsible for their utilities through the City of Leesburg utilities. Additional features include laundry hookups, covered entryways and a termite bond on the house. Historically, this property has maintained full occupancy with consistent, long term tenants who value the convenient location near downtown Leesburg's entertainment and dining venues, the Rails to Trails walking/bike path, Publix, schools, community theatre, and Beacon College. The unique private off street location, plenty of parking space/driveways for each unit, low maintenance, and potential adjacent development site sets this property apart and make it a great investment opportunity.

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