Lake County Value-Add 17 Unit Opportunity
Lake County Value-Add 17 Unit Opportunity
22 bed / 22 bath
10400 sq ft
Built in 1963
Multi-family
Wow! This 22-unit Leesburg apartment building was in deep despair. At the time EquityPro acquired this property, only four units were tenant occupied and the remaining units were boarded up to prevent squatters. Our investor purchased this property for $585,000. He completed a full interior update on each unit, ensuring that all 22 units were complete with new kitchens, bathrooms, paint, flooring, fixtures, and new AC units. He also updated the exterior of the building with new paint, windows, and doors. This high-quality renovation proved successful as our investor was able to raise rent rates and get this building to 100% occupancy in a short period of time. After 87 days on the market, this property is currently pending at $2,250,000. Congratulations on an outstanding rehab and flip!