Under Contract

643 W Oak Terrace Drive #B1,B2,B3,B4

LEESBURG, FL 34748
Mark as Favorite
Bed 8

Bed

Bath 8

Bath

SqFt4,356

Sqft

Acres0.01

Acre(Lot)

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 Pa rk 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.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $500,000

AD Id : 74549649

MLS Id : MFRG5107035

Beds : 8

Lot Size : 0.01 Acre

Living Area Size : 4,356

Year Built : 1980

County : Lake

Subdivision: Leesburg Village Square Leesburg Condo

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total Bedroom: 8

    Bathroom Information

    Total Baths: 8

    Interior Features

    Other Roof: Shingle Laundry Features: Laundry Closet

    Roofing Information

    Shingle
  • Flooring Information

    Construction Materials: Block
  • Heating & Cooling

    Heating: Central Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1980
  • Exterior Features

    Fence Construction Materials: Block Foundation Details: Slab

  • Lot Information

    Lot Square Feet: 551 Lot Acres: 0.01 Lot Size (SqMt): 51

    Property Information

    Property Type: Residential Income Sub Type: Quadruplex

  • Listing Price Information

    Original List Price:$500000

  • Tax Information

    Tax Block: 000 Tax Book Number: 714-1076 Tax Lot: 0030B Tax 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 Annual Tax: $1068 Tax Year: 2025 Parcel Number: 23-19-24-1630-000-0030B

  • Utility Information

    Public Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: LEESBURG VILLAGE SQUARE LEESBURG CONDO City: LEESBURG Direction: North on Lee Street from the traffic light on U.S. Hwy 441 (North Blvd), to West Oak Terr Drive. Turn East on West Oak Terr Dr. Property on the right side.
Sell a home like this and save $29,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
301 S East Street, Leesburg, FL, 34748 $1,000,000 24 12 7,072 7,072 SqFt
904 Sumter Street, Leesburg, FL, 34748 $850,000 10 8 6,444 6,444 SqFt
1702 Birchwood Circle, Leesburg, FL, 34748 $279,000 4 2 1,540 1,540 SqFt
204 Louis Street, Leesburg, FL, 34748 $345,000 -- -- 1,840 1,840 SqFt
Broker Logo

Disclaimer: The information being provided courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the MFRMLS (My Florida Regional MLS DBA Stellar MLS). ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of MFRMLS (My Florida Regional MLS DBA Stellar MLS). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

Based on information submitted to the MLS GRID as of 07/26/2026 @ 06:20. All data is obtained from various sources and may not have been verified by the 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.
Properties displayed may be listed or sold by various participants in the MLS.

Consumer use of IDX Listings Disclaimer: Based on information submitted to the MLS GRID as of 07/26/2026 @ 06:20. 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. 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 prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.


DMCA Notice: The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
“The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

ByOwner last updated this listing 07/26/2026 @ 06:20

MLS: MFRMLS #G5107035 LISTED BY: Jonathan Martin, CARLINO REAL ESTATE GROUP INC 352-326-2662 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

Homes around $500,000

Selling? Save $29,501 when you sell a home like this

Tour with a ByOwner Agent