About 643 W Oak Terrace Drive B1,b2,b3,b4
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.
Features of 643 W Oak Terrace Drive B1,b2,b3,b4
| MLS® # | G5107035 |
|---|---|
| Price | $500,000 |
| Bedrooms | 8 |
| Bathrooms | 8.00 |
| Square Footage | 4,356 |
| Acres | 0.01 |
| Year Built | 1980 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Pending |
Listing Details
| Office | CARLINO REAL ESTATE GROUP INC |
|---|
Listing Map
Neighborhood Information for 643 W Oak Terrace Drive B1,b2,b3,b4
Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Lake Montessori School Private - Preschool to 8Th Grade |
0 Miles | |
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Saint Paul's Catholic School Catholic - Preschool to 8Th Grade - Closest Elementry School |
1 Miles | |
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First Academy-Leesburg Private - Kindergarten to 12Th Grade - Closest Middle School |
1 Miles | |
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Beverly Shores Elementary School Public - Kindergarten to 5Th Grade |
1 Miles | |
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Leesburg High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
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Better Life Academy Private - Preschool to 12Th Grade |
1 Miles | |
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Lake Preparatory School Private - Preschool to 8Th Grade |
1 Miles |
School data provided by GreatSchools