1318 Neely Drive, Leesburg, FL 34748

Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
1318 Neely Drive,Leesburg, FL 34748
$650,000
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  • 14 Beds
  • 8 Baths
  • 4,618 sq. ft.
  • Multi-family
  • Active
Listed by:tito urbano perez
Office:florida realty investments
MLS#:TB8416432
Source:MFRMLS

Price summary

  • Price:$650,000
  • Price per sq. ft.:$140.75

About this home

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

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Home facts

  • Year built:1946
  • Listing ID #:TB8416432
  • Added:50 day(s) ago
  • Updated:October 01, 2025 at 11:51 AM

Rooms and interior

  • Bedrooms:14
  • Total bathrooms:8
  • Living area:4,618 sq. ft.

Heating and cooling

  • Cooling:Ductless, Wall/Window Unit(s)
  • Heating:Ductless

Structure and exterior

  • Roof:Shingle
  • Year built:1946
  • Building area:4,618 sq. ft.
  • Lot area:4.43 Acres

Utilities

  • Water:Public, Water Connected
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$650,000
  • Price per sq. ft.:$140.75
  • Tax amount:$1,581 (2024)
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