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

Multi-family Active With Contract
$500,000

BTC: 8.09061489

ETH: 286.36884307

86 days
8 bds
4,356 sqft

Overview

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

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1980
Lot:
0.01 Acres
Heating:
Central
Price/sqft:
$115
Cooling:
Central Air
HOA:
$1,312

Highlights

Annual tax
$1,068
2025
HOA
$1,312/mo
Pets
Allowed
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 8

  • Property

    • Exterior Features: Fenced

    Lot

    • Lot: 0.01 Acres

    Other Property Information

    • Parcel Number: 23192416300000030B

    • Zoning: R-2

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Public

  • Other financial information

    • HOA: $1,312

    • HOA Frequency: Monthly

    • Annual tax amount: $1,068

  • Source details

    • MLS ID: G5107035

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Laundry Closet

    • Living Area: 4356

    • Water Source: Public

    • Subdivision Name: LEESBURG VILLAGE SQUARE LEESBURG CONDO

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: CARLINO REAL ESTATE GROUP INC