Address: 643 Oak Terrace Drive B1,b2,b3,b, LEESBURG, FL 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.
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.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Fence
Living Area: 4356.00
Roof: Shingle
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Heating: Central
Pets Allowed: Yes
Sewer: Public Sewer
Utilities: Public
Finance and Tax Information
Home Owners Association Fee: 1312.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2025
Rental Information
Tenant Pays: Electricity, Water
Other Features
Association Name: Villages Square Of Leesburg Co
Country: US
Interior Features: Other
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
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