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706 W Dixie Ave

19 Unit Apartment Building $2,475,000 ($130,263/Unit) 6.95% Cap Rate Leesburg, FL 34748

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Investment Highlights

Full HOA Control
New Roof in 2017

Across from Venetian Gardens

Executive Summary

For more information please contact Johnny@TheAPTBrokers.com. Welcome to Parkside Condos, a package of 19 out of 30 condos in Leesburg, FL. This meticulously maintained property offers a lucrative investment opportunity with strong rental potential and an excellent location across from Venetian Gardens. The package includes 7 one-bedroom, one-bath units, 10 spacious two-bedroom, one-bath units, and 2 two-bedroom, one-bath townhouses for those seeking a more private, multi-level layout.
With 63% ownership of the property, this offering also grants full control of the Homeowners Association (HOA). This level of ownership allows complete influence over property management decisions and day-to-day operations, ensuring that the owner has the authority to guide the community’s direction and maintain property standards.

Parkside Condos - OM

Property Facts

Price	$2,475,000	Apartment Style	Low Rise
Price Per Unit	$130,263	Building Class	B
Sale Type	Investment	Lot Size	0.94 AC
Cap Rate	6.95%	Building Size	8,026 SF
No. Units	19	Average Occupancy	100%
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Manufactured Housing Mobile Home Park Multifamily Dormitory	Year Built	1969

Price	$2,475,000
Price Per Unit	$130,263
Sale Type	Investment
Cap Rate	6.95%
No. Units	19
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Manufactured Housing Mobile Home Park Multifamily Dormitory
Apartment Style	Low Rise
Building Class	B
Lot Size	0.94 AC
Building Size	8,026 SF
Average Occupancy	100%
No. Stories	2
Year Built	1969

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	7	-	-
2+1	10	-	-
2+1.5	2	-	-

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