$500,000
Off-Market Date: 05/13/2026643 W Oak Terrace Drive #B1,B2,B3,B4 Leesburg, FL 34748
Pending MLS# G5107035
8 beds 8 baths 4,356 sq ft Multi-family
Details for 643 W Oak Terrace Drive #B1,B2,B3,B4
MLS# G5107035
Description for 643 W Oak Terrace Drive #B1,B2,B3,B4, Leesburg, FL, 34748
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.
Listing Information
Property Type: Residential, Quadruplex
Status: Pending
Bedrooms: 8
Bathrooms: 8
Lot Size: 0.01 Acres
Square Feet: 4,356 sq ft
Year Built: 1980
Construction: Block
Subdivision: Leesburg Village Square Leesburg Condo
Foundation: Slab
Number Of Units Total: 4
County: Lake
Additonal Room Information
Laundry: Laundry Closet
Interior Features
Additional Interior Features: Other
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Municipal Utilities
Cooling: Central Air
Heating: Central
Exterior / Lot Features
Roof: Shingle
Additional Exterior/Lot Features: Fence
Community Features
Homeowners Association: Yes
HOA Dues: $1,312 / Monthly
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1225
Unit 1 Baths Total: 2
Unit 1 Beds Total: 2
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1250
Unit 2 Baths Total: 2
Unit 2 Beds Total: 2
Unit 3 Units Total: 1
Unit 3 Actual Rent: 1300
Unit 3 Baths Total: 2
Unit 3 Beds Total: 2
Unit 4 Units Total: 1
Unit 4 Actual Rent: 1300
Unit 4 Baths Total: 2
Unit 4 Beds Total: 2
Driving Directions
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.
Financial Considerations
Tenant Pays: Electricity,Water
Gross Income: 60900
Tax/Property ID: 23-19-24-1630-000-0030B
Tax Amount: 1068
Tax Year: 2025
A broker reciprocity listing courtesy: CARLINO REAL ESTATE GROUP INC
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Copyright 2026 Stellar MLS as distributed by the MLS GRID. All Rights Reserved.
Sales History & Tax Summary for 643 W Oak Terrace Drive #B1,B2,B3,B4
Sales History
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| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 643 W Oak Terrace Drive #B1,B2,B3,B4
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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