1318 Neely Dr Leesburg, FL 34748
Estimated payment $3,965/month
Total Views
368
14
Beds
8
Baths
4,618
Sq Ft
$152
Price per Sq Ft
About This Home
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.
Listing Agent
FLORIDA REALTY INVESTMENTS Brokerage Phone: 407-207-2220 License #3470017 Listed on: 08/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,581
Year Built
- Built in 1946
Lot Details
- 4.43 Acre Lot
- Additional Parcels
Home Design
- Frame Construction
- Shingle Roof
Interior Spaces
- 4,618 Sq Ft Home
- Crawl Space
Bedrooms and Bathrooms
- 14 Bedrooms
- 8 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 34-19-24-0002-000-03100
Community Details
Overview
- No Home Owners Association
- 7 Buildings
- 6 Units
Building Details
- Operating Expense $21,747
- Gross Income $70,794
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,494 | $80,368 | $43,200 | $37,168 |
| 2024 | $1,494 | $80,368 | $43,200 | $37,168 |
| 2023 | $1,494 | $79,268 | $43,200 | $36,068 |
| 2022 | $1,238 | $63,068 | $27,000 | $36,068 |
| 2021 | $982 | $53,117 | $0 | $0 |
| 2020 | $906 | $40,967 | $0 | $0 |
| 2019 | $867 | $40,929 | $0 | $0 |
| 2018 | $855 | $40,929 | $0 | $0 |
| 2017 | $816 | $38,633 | $0 | $0 |
| 2016 | $828 | $38,633 | $0 | $0 |
| 2015 | $839 | $38,126 | $0 | $0 |
| 2014 | $345 | $18,018 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | For Sale | $700,000 | 0.0% | $152 / Sq Ft |
| 07/30/2025 07/30/25 | Rented | $1,200 | 0.0% | -- |
| 07/16/2025 07/16/25 | Under Contract | -- | -- | -- |
| 07/09/2025 07/09/25 | Price Changed | $1,200 | -4.0% | $2 / Sq Ft |
| 06/17/2025 06/17/25 | For Rent | $1,250 | -- | -- |
Source: Stellar MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $160,000 | Attorney | |
| Warranty Deed | $189,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $212,299 | Unknown |
Source: Public Records
Similar Home in Leesburg, FL
Source: Stellar MLS
MLS Number: TB8416432
APN: 34-19-24-0002-000-03100
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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