10 Units in Leesburg

10 Units in Leesburg

9 bed 9 bath 10883 sq ft Built in 1910 Multi-family
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45
Occupancy Status
Low High
2 /20
Level of Rehab
Heavy Light
5/20
Location of Neighborhood
Far Close
13/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
3/10
Placement in Neighborhood
Busy Calm
6/10
Property Details

Here is a chance to convert this nine-unit property into a cash-flowing, 10-unit multifamily residence. Located in Leesburg, a market with strong tenant demand and long-term growth, this property holds tremendous potential to address an undersupplied rental market and achieve significant returns.

A complete renovation, estimated at $400,000, will be required to achieve its maximum potential. Repairs and upgrades will include reroofing, general system maintenance, cosmetic improvements, updated floor plans, and modern interiors. While this project will require significant work, it presents an opportunity for incredible returns, with an After-Repair Value (ARV) of $1,100,000.

This property is a fantastic opportunity to provide value for tenants in a location where demand is strong. Don't miss out on this chance to create affordable and comfortable housing for 10 families.

Contact your EquityPro Advisor today.

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We recommend rent
Rental Income
$13,000 mo. / $156,000 yr.
Estimated Taxes
$4,500 / yr.
Property Management
$15,600 / yr.
Maintenance
$2,500 / yr.
HOA Dues
$0 / yr.
$128,900
Projected Income
14.19%
Estimated APY
$135,500
Projected Income
14.05%
Estimated ROI

Comps

 
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