Address
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Address: 643 W OAK TERRACE DRIVE
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City: LEESBURG
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State/county: FL
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Zip/Postal Code: 34748
Description
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.
Details
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Property ID G5107035
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Price $500,000.00
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Land Area 0.01 sqft
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Bedrooms 8
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Bathrooms 8
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Garage Size x x
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Year Built 1980
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Type Quadruplex, Residential Income
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Property Status Active, For Sale
Additional details
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Association Fee 1312
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Roof Shingle
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Utilities Public
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Sewer Public Sewer
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Cooling Central Air
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Heating Central
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County Lake
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Property Type Residential Income
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