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Harry W Price III

harry.price@engelvoelkers.com +1(386) 302-9708

$ 500,000

Est. payment -/mo

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Active Under Contract

643 W OAK TERRACE DR #B1, B2, B3, B4 Leesburg, FL 34748

8 Beds

8 Baths

4,356 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,356 sqft

Price per Sqft $114

Subdivision Leesburg Village Square Leesburg Condo

MLS Listing ID G5107035

Bedrooms 8

HOA Fees $1,312/mo

HOA Y/N Yes

Annual Recurring Fee 15744.0

Year Built 1980

Annual Tax Amount $1,068

Lot Size 435 Sqft

Acres 0.01

Property Sub-Type Quadruplex

Source Stellar MLS

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.

Location

State FL

County Lake

Community Leesburg Village Square Leesburg Condo

Area 34748 - Leesburg

Zoning R-2

Interior

Interior Features Other

Heating Central

Cooling Central Air

Fireplace false

Laundry Laundry Closet

Exterior

Exterior Feature Fence

Utilities Available Public

View Y/N No

Water Access No

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Pets Allowed Yes

Senior Community No

Ownership Condominium

Monthly Total Fees $1, 312

Membership Fee Required Required

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/G5107035

Listed by Jonathan Martin CARLINO REAL ESTATE GROUP INC

NEARBY SCHOOLS & PROPERTIES

Harry W Price III

Broker Associate | License ID: BK3448457

+1(386) 302-9708

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Harry W Price III

643 W OAK TERRACE DR #B1, B2, B3, B4 Leesburg, FL 34748

Key Details

Location

Interior

Exterior

Building

Others

643 W OAK TERRACE DR #B1,B2,B3,B4