1318 Neely Dr, Leesburg, FL

Real Estate

Sold

Listed price in listed location currency (USD).

$565,000

$650,000

1480

MLS® TB8416432

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 4618 sqft

Garage No

Taxes $1,581

Lot Size 4.43 acres

Approx. Age 1946

Avg. Price Per Sqft $140

MLS® Number TB8416432

Property Address: 1318 Neely Dr, Leesburg, FL, 34748-6502

Average square foot calculated using Size range provided by listing agent.

Description

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 and access to major economic centers. The area benefits from consistent population growth, a strengthening rental market, and proximity to employment hubs throughout the Orlando metro area. The Neely Drive Portfolio offers a compelling opportunity for investors seeking a stable asset with long-term upside in a growing Florida market.

MLS® NumberTB8416432

Laundry LevelNone

Central VacNo

FireplaceNo

Acreage4.43

Exterior

GarageNo

Approx. Age1946

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

Oct 7, 2025End Date

$565,000Sold Price

Sold

Aug 11, 2025List Date

$650,000List Price

Jul 16, 2025End Date

$1,200Sold Price

Leased

Jun 17, 2025List Date

$1,200List Price

Map

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