LEESBURG, FL 34748 643 W OAK TERRACE DRIVE B1,B2,B3,B4
$500,000
Pending



20 more




















Presented By: CARLINO REAL ESTATE GROUP INC with 352-326-2662. - 352-326-2662
Home Details
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.
Presented By: CARLINO REAL ESTATE GROUP INC with 352-326-2662. - 352-326-2662
Interior Features for 643 W OAK TERRACE DRIVE B1,B2,B3,B4
Bedrooms
Total Bedrooms8
Bathrooms
Total Baths8
Other Interior Features
LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesOther
Laundry FeaturesLaundry Closet
General for 643 W OAK TERRACE DRIVE B1,B2,B3,B4
Additional Parcels DescriptionRealtor Remarks
Additional Parcels Y/NYes
Assoc Fee Paid PerMonthly
Association NameVillages Square Of Leesburg Co
Building Area UnitsSquare Feet
Carport Y/NNo
CityLEESBURG
Construction MaterialsBlock
CoolingCentral Air
CountyLake
DirectionsNorth on Lee Street from the traffic light on U.S. Hwy 441 (North Blvd), to West Oak Terr Drive. Turn East on West Oak Terr Dr. Property on the right side.
Flood Zone CodeX
Flood Zone Code XY
Garage Y/NNo
Gross Income60900
HOA Fee$1312
HeatingCentral
Land Lease Y/NNo
Legal DescriptionLEESBURG VILLAGE SQUARE OF LEESBURG CONDOMINIUM UNIT 3-B & 1/8 INT IN COMMON PROPERTY (ORB 714 PG 1076) ORB 4924 PG 324
Living Area UnitsSquare Feet
Lot Size Square Feet551
Lot Size UnitsSquare Feet
MLS Area34748 - Leesburg
Monthly HOA Amount1312
New ConstructionNo
Number Of Units Total4
OwnershipFee Simple
Pets AllowedYes
Property SubtypeQuadruplex
Property TypeResidential Income
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusPending
StatusPending
Subdivision NameLEESBURG VILLAGE SQUARE LEESBURG CONDO
Tax Annual Amount1068
Tax Lot0030B
Tax Year2025
Tenant PaysElectricity, Water
Unit NumberB1, B2, B3, B4
UtilitiesPublic
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1980
ZoningR-2
Exterior for 643 W OAK TERRACE DRIVE B1,B2,B3,B4
Exterior AmenitiesFenced
Foundation DetailsSlab
Lot Size Acres0.01
Lot Size Area551
Number of Buildings1
Number of Lots4
Private PoolNo
Road Surface TypeAsphalt
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Javier Navas
Realtor®
SQFT • 4,356