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Wade M. Berlin

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643 Oak Terrace Drive B1,b2,b3,b
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PRICED AT ONLY: $500,000

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.
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  • MLS#: G5107035 ( Residential Income )
  • Street Address: 643 Oak Terrace Drive B1,b2,b3,b
  • Viewed: 69
  • Price: $500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1980
  • Bldg sqft: 0
  • Bedrooms: 8
  • Total Baths: 8
  • Days On Market: 109
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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
  • Area Major: 34748 - Leesburg
  • Parcel Number: 23-19-24-1630-000-0030B
  • Unit Number: B1, B2, B3, B4
  • Views: 69
  • Zoning Code: R-2

Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin