• $500,000List Price
  • PendingStatus
  • 25Number of Photos
  • 28.818826Latitude
  • 643 W Oak Terrace DriveAddress
  • W Oak Terrace DriveStreet
  • B1,B2,B3,B4Unit Number
  • LeesburgTown
  • FLState
  • 34748Zip
  • LakeCounty
  • Residential IncomeProperty Type
  • G5107035MLS Number
  • 8Bedrooms
  • 4,356Square Feet
  • 1980Year Built
  • 0.01Acreage

Listing Tools

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

Listings courtesy of StellarMLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 17, 2026 11:31 PM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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