$500,000

643 W OAK TERRACE DRIVE B1,B2,B3,B4, Leesburg, FL 34748

  • 8 beds |
  • 8 baths |
  • 4,356 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1980
  • Property Lot Size Icon436sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $115/sqft
  • Property List Date Icon Listed 25 days ago

Property Description

Owner financing available to qualified buyers. 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.

Listing Status:
Active
Date Added:
January 24, 2026
Data Last Updated:
February 18, 2026 at 7:21AM
Listing Office:
CARLINO REAL ESTATE GROUP INC : 352-326-2662
Listing Agent:
Jonathan Martin : 407-443-5491
MLS ID:
G5107035
  • General: Other
  • Laundry: Laundry Closet
  • A/C: Central Air
  • Heating: Central
  • General: Fence
  • Roofing: Shingle
  • General: BlockSlab
  • Road/Access: Asphalt
  • HOA Amenities: 1312.0Monthly
  • Originating MLS: Stellar MLS
  • County: Lake
  • Zoning: R-2LEESBURG VILLAGE SQUARE OF LEESBURG CONDOMINIUM UNIT 3-B & 1/8 INT IN COMMON PROPERTY (ORB 714 PG 1076) ORB 4924 PG 32423-19-24-1630-000-0030B
  • Utilities: Public
  • Water: Public
  • Sewer: Public Sewer
  • Source: Stellar MLS
  • Ownership: Fee Simple

This listing courtesy of Jonathan Martin , CARLINO REAL ESTATE GROUP INC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Beverly Shores Elementary School

1108 Griffin Rd, Leesburg, FL, 34748

Grades PK-5

0.78 miles away

C

Carver Middle School

1200 Beecher St, Leesburg, FL, 34748

Grades 6-8

1.17 miles away

L

Leesburg High School

1401 Yellow Jacket Way, Leesburg, FL, 34748

Grades 9-12

1.01 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.