Location location location only 45 mins to Orlando. This property is Located in Leesburg mins to Downtown, and UF Health Leesburg hospital. Rent in the area is $800+ for one bedroom. You can do 3 bedroom 2bathrooms and up to 9 units which will give you $19k a month. Lake County zoning currently allows 9+ units. Property has up to 26 unit rooms with 10 kitchens and 8 bathrooms. Will need to do a full rehab of the property with new floor plans, which are attached. Lots of possibilities for the creative investor! Property to be sold As-Is, Where Is with no Representations or warranties from Owner. Property is an REO, buyer to perform all necessary inspections and property research at buyers sole cost and expense. Seller will not finance. Buyer MUST DO their own due diligence. All offers must be prepared on an FAR/BAR “As Is” Contract w/ Pre-Approval Letter or POF. Owner doesn’t want anyone to go to city or lake county for any questions. Send in the contract 1st and then do your own due diligence in that period.
County website for zoning.
https://lakecopropappr.com/property-details.aspx?AltKey=1344832