$309,900 · LEESBURG, FL 34748
Works for flippers

Available

$309,900Asking price

10 bd · 8 ba · 10,883 sq ft · built 1910

LEESBURG, FL 34748

No contract on file

via InvestorLift Classic

4 views · listed 7 hours ago

Works for flippers

The Numbers

Sells for (ARV)From the listing: $1,500,000
Asking price: −$309,900
RepairsMiddle of the seller’s $360,000 – $540,000. Ours: $509,500 – $849,500: −$450,000
Loan, holding, closing20% down, 12% interest, 2 points, 240 days: −$78,817
Profit44.1% of ARV · flippers want 10%+: $661,283
Works

Works for a flipper up to $770,000.

ECOLOGIC TEAM

Diego L.

No reviews yet

Comps

ARV $1,500,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $751,000.

The sales behind this value are shown to members.

ARV $1,500,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ECOLOGIC TEAM

Diego L.

No reviews yet

Seller Description

10 Bedrooms | 8 Bathrooms
10,883 Sq Ft of Finished Space | 0.64-Acre Lot
Built in 1910 | Previously Updated in 1980
Yard Parking for Approximately 10 Vehicles
2 Stories
No HOA | Annual Property Taxes: $3,357
R-2 Zoning
29 Existing Rooms — Potential Co-Living or Workforce Housing Concept
Potential Conversion into 10 Apartments
Metal Roof | Pier Foundation | Frame Construction
No Heating or Cooling Systems Currently Installed
Located in Downtown Leesburg, Approximately 1 Mile from Leesburg Hospital

Potential Market Rent: $15,000/Month

Estimated ARV: $1,500,000 | Estimated Heavy Rehab: $360,000–$540,000

COMPS

Large-scale value-add investment opportunity in downtown Leesburg. This 10,883 Sq Ft property requires substantial rehabilitation, including roofing, system maintenance, floor plan modifications, and interior modernization. Its existing layout offers 29 rooms with potential for a co-living or workforce housing concept, while proposed plans explore conversion into 10 separate apartments.

With an estimated $1.5M ARV and potential monthly market rent of $15,000, this property offers multiple investment strategies in an area near Leesburg Hospital with established rental demand.

Buyer to independently verify zoning, permitted occupancy, conversion feasibility, building plans, licensing requirements, renovation costs, rental projections, and ARV. All proposed uses and unit configurations are subject to applicable approvals and permits.

We Offer Hard Money Loans.

For more information please contact us at (321) 450-3472