723 Perkins St APT 200, Leesburg, FL 34748

Great investment opportunity! This condo is currently configured as **three separately rented living spaces** and is fully occupied by reliable tenants who pay their rent on time. The current layout includes: * One primary bedroom with a private bathroom * One living space with a kitchen and shared bathroom * One separate bedroom sharing the bathroom with the kitchen living space Current monthly rents are **$750, $600, and $500**, generating a total gross rental income of **$1,850 per month**. Tenants are responsible for utility expenses. For the **first year after purchase**, the buyer will need to occupy one of the three living spaces as their primary residence while keeping the other two existing tenants. Beginning in the **second year**, the buyer may rent out all three living spaces and receive the full rental income. The property is conveniently located next to a shopping plaza with restaurants, a fitness center, a barbershop, a laundromat, a pizza shop, a bank, and other everyday services. It is centrally located with easy access to shopping, dining, transportation, and local amenities. This is an excellent opportunity for a buyer who wants to reduce their housing expenses during the first year while collecting rental income from two tenants, with the option to operate the property as a fully rented investment property beginning in the second year.