643 W OAK TERRACE DRIVE UNIT B1,B2,B3,B4

For sale Days on market 86

$500,000

$115/sq ft

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Overview

Bedroom

Year Built

1980

Sqft

4356

Property Type

Quadruplex

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.

Property Details

MLS#

G5107035

Address

643 OAK TERRACE W

City

LEESBURG

State/county

Zip/Postal Code

34748

Area

Leesburg Village Square Leesburg Condo

Country

United States

HOA

Yes

Assoc Fee

$1,312

Assoc Fee Pd

Monthly

Tax Amount

$1,068

Maint Fee

$--

Tax Year

2025

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