10 Unit Seller Finance Apartment For Sale-Florida

3,900 Sqft - 509 N 13th ST, Leesburg, Florida 34748

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Property Description

10 Unit Apartment Building Offering 100% Seller Finance 7% Market Cap In Leeaburg, FL

INVESTMENT HIGHLIGHTS
Year 1 Gross Income $81,600

Tons of upside

Value Add Opportunity
100% Seller Financing

City Water and City Sewer

No Credit

No Banks

Executive Summary

Project Overview
Income Property Solution is arranging for the sale of undivided real estate interests in the above property.
Income Property Solution (IPS), (the “company”) will sale 10 units out of a 10-unit portfolio; (the “property”).
100% Seller Finance
Price $125,000.
Down Payment 8% $10,000
Interest 10%
Balloon 10 Years
$1,500 Monthly Payment
Price Per Unit $12,500

Returns
Market Cap Rate 7%
Cap Rate 26%
Property Description
509 N 13th St Leesburg, FL 34748
Based on 3,900 total rentable SQFT
0.52 Acre Lot
10 Unit Apartment 1877 Build:
5 Units: – 1 Bedroom/1 Bath
5 Units: Studios
Property Type – Zoned Multifamily
No. Stories 2

Property Amenities
Directly on a 22,651 SQ FT Lot
Modern contemporary construction already started
No Historic Building Codes
Sleek White Appliances Already Installed in Some of The Units
Faux Granite Countertops & Wood Cabinets Already Installed in Some of The Units
Wood Bathroom Vanities & Tiled Showers Already Installed in Some of The Units

Basic Details
Property Type : Apartment
Listing Type : For Sale
Listing ID : 1024
Price : $125,000
View : Garden
Bedrooms : 5
Bathrooms : 10
Half Bathrooms : 0
Square Footage : 3,900 Sqft
Year Built : 1877
Lot Area : 22,651 Sqft
Features
Garden
Kitchen : Fully Equipped
High Ceiling
Parking
Appliances
Refrigerator : Simple
Stove
Oven
Address Map
Country : US
State : FL
County : Lake County
City : Leesburg
Zipcode : 34748
Street : N 13th ST
Street Number : 509
Postal Code : 34748
Floor Number : 0
Longitude : W82° 6' 52.4''
Latitude : N28° 49' 2.7''
Neighborhood
Shopping Center 5 Minutes
Town Center 5 Minutes
Hospital 5 Minutes
Airport 5 Minutes
Coffee Shop 5 Minutes
Park 5 Minutes
School 5 Minutes
University 5 Minutes
Exhibition 5 Minutes
Apartment For Sale
  • Listing ID : 1024
  • Bedrooms : 5
  • Bathrooms : 10
  • Square Footage : 3,900 Sqft
$125,000
Agent info
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