This 48-unit apartment complex offers a turn-key solution for investors seeking a stable income stream with a single tenant that ensures rnminimal management effort. The entire property is leased by an accredited private 4-year college founded in 1989. With students from across the rncountry and internationally, the college’s continued growth and established reputation ensures a strong and reliable tenant, making this a truly rnhands-off investment. Residents enjoy modern living spaces with updated vinyl flooring and recently updated kitchens and bathrooms in most rnunits. One of the standout features of this property is its stunning Outdoor Oasis courtyard. This inviting outdoor space includes brick walkways, rnspacious patios, two huge gazebos, and a charming brick fireplace, perfect for gatherings or relaxation. Beautiful stone flower beds, new palm rntrees, and fresh sod create a serene environment, all maintained by an efficient irrigation system. Other Amenities included an on-site laundry rnfacility and management office, electronic locks on all apartments, and plenty of parking. Other recent major updates include roof replacement rnon all the building in 2020, robust gutter and drainage system, exterior lighting, security cameras and gates, and the majority of the HVAC rnsystems have been replaced within the last five years. The property location is a significant asset, benefiting from its proximity to historic rndowntown Leesburg where residents can enjoy local restaurants, shops, and Ski Beach/Venetian Park on Lake Harris. It’s also conveniently rnsituated approximately 56 miles from Orlando International Airport and within a two-hour drive of stunning beaches on both the Atlantic and Gulf rncoasts. Leesburg, FL, has seen significant growth in recent years, with several large employers near this property increasing the demand for rnaffordable housing in the area. AN ADDITIONAL 2.68-ACRE ADJACENT PARCEL that offers the opportunity to possibly build up to an additional 48 rnunits is also available. (MLS # G5099161) This is an opportunity not to be missed—call today for more information!