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643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748

$500,000
SQUARE FEET4,356 MLS#G5107035
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643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748

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643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748
643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748

Property Description

OWNER FINANCING AVAILABLE TO QUALIFIED BUYERS AT A 6% RATE. 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.

643 W Oak Terrace Drive, Unit B1,B2,B3,B | MLS# G5107035

This multi-family property located at 643 W Oak Terrace Drive, Unit B1,B2,B3,B, Leesburg, FL 34748 is currently listed for sale with an asking price of $500,000. Search Leesburg real estate on knoel.watsonrealtycorp.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.01 Acres
Roof Type: Shingle
Taxes: $1,068
Year Built: 1980
Square Feet: 4,356

Amenities

Other
Fence

Feature Descriptions

Annual Net Income: 40891.00
Days on Site: 52
Directions: North 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.
Exterior: Block
Flood Zone Code: X
Foundation: Slab
HOA Fee: 1312/ Monthly
HOA Y/N: Yes
Home Warranty Y/N: No
Lot Dimensions: 0.01
Ownership: Fee Simple
Pets Allowed: Yes
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Call Listing Agent, Listing Agent Must Accompany
Special Sale Provisions: None
Units: 4
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: R-2

Listed By / Shown By

Listed By

Agency Name: CARLINO REAL ESTATE GROUP INC
Agency Contact: 352-326-2662

Shown By

Agent Name: Kevin Noel
Agent Phone: (904) 655-7140
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 2,645.91 per month $2,411.08 Principal & Interest $89.00 Property Tax $145.83 Homeowner's Insurance

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