643 W Oak Terrace Drive Unit B1,B2,B3,B4, Leesburg, FL 34748
- $500,000
- 8
- BD
- 8
- BA
- 4,356
- SqFt
- List Price
- $500,000
- Status
- Pending
- Days on Market
- 109
- MLS#
- G5107035
- Property Style
- Quadruplex
- Year Built
- 1980
- Bedrooms
- 8
- Bathrooms
- 8
- Living Area
- 4,356
- Lot Size
- 551
- Acres
- 0.01
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Leesburg Village Square Leesburg Condo
- MLS Area Major
- Leesburg
Property Description
Under contract-accepting backup offers. Excellent investment opportunity in one of Florida's fastest growing counties! This well-established, income-producing property includes four 2BR/2BA condos (approx. 1,089 sq. ft. each). The units feature a spacious split-bedroom floor plan, private screened patios, and in-unit washer/dryer hookups. The HOA provides low-maintenance ownership covering exterior walls and roof maintenance, lawn care, and common area insurance. Each unit is assigned an onsite parking space and there are 4 open unassigned spaces. The property location is a significant asset, benefiting from its proximity to Beacon College, UF Hospital, public transportation and historic downtown Leesburg where residents can enjoy local restaurants, shops, and Ski Beach/Venetian Gardens Park on Lake Harris. Lake County ranks as one of Florida's most rapidly expanding counties, with considerable population growth in recent years that has increased the need for rental units and affordable housing. This is an excellent opportunity for an investor seeking consistent rental income from all four units or an owner-occupant looking to live in one unit and receive income from the remaining three units. Don't miss this turnkey multi-unit opportunity.
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Additional Information
- Taxes
- $1068
- Annual Gross Income
- 60900
- Hoa Fee
- $1,312
- HOA Payment Schedule
- Monthly
- Community Features
- No Deed Restriction
- Zoning
- R-2
- Interior Layout
- Other
- Interior Features
- Other
- Utilities
- Public
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Exterior Features
- Fence
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Pets
- Allowed
- Flood Zone Code
- X
- Parcel ID
- 23-19-24-1630-000-0030B
- Legal Description
- LEESBURG VILLAGE SQUARE OF LEESBURG CONDOMINIUM UNIT 3-B & 1/8 INT IN COMMON PROPERTY (ORB 714 PG 1076) ORB 4924 PG 324
Listing courtesy of CARLINO REAL ESTATE GROUP INC. 352-326-2662
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