205 FERN DR #A,C,D new Save Request In-Person Tour Request Virtual Tour
Leesburg,FL 34748
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,791 sqft
Price per Sqft $212
Subdivision Acreage & Unrec
MLS Listing ID G5098401
Bedrooms 5
Year Built 1952
Annual Tax Amount $4,668
Lot Size 0.740 Acres
Property Sub-Type Triplex
Property Description
One or more photo(s) has been virtually staged. Turnkey multifamily investment in a primer location generating $46,800/year with potential to grow to over $60K annually! This well-maintained property on 0.79 acres includes three fully leased units: Unit A (2/1, 721 sq ft), Unit D (2/1, 584 sq ft), and Unit C (1/1, 486 sq ft). All units have been updated with new windows, interior/exterior paint, flooring, and fixtures. Major improvements include a 2019 roof replacement for all units, new well and pump, and updated septic systems: Unit A (8/2019), Unit D (7/2020), and Unit C (pumped and certified 9/2023). Tenants pay their own electric and cable. Each unit features separate electric meters, mailboxes, trash/recycle bins, and laundry hookups. Additional income potential from a 870 sq ft warehouse, 40' shipping container, and tandem garage—bringing projected gross income to $61,200/year. 4-point inspections completed and passed for all units. Low maintenance, strong cash flow, and leases in place through 2026. Don't miss this income-producing opportunity—schedule your showing today!
Location
State FL
County Lake
Community Acreage & Unrec
Area 34748 - Leesburg
Zoning R-1
Interior
Heating Central,Ductless
Cooling Central Air,Wall/Window Unit(s)
Flooring Carpet,Laminate
Laundry Outside
Exterior
Exterior Feature Outbuildings,Other,Private Mailbox
Garage Spaces 2.0
Utilities Available Electricity Connected
Roof Type Shingle
Building
Foundation Crawlspace,Slab
Sewer Septic Tank
Water Well
Structure Type Block,Frame
New Construction false
Schools
Elementary Schools Beverly Shores Elem
Middle Schools Oak Park Middle
High Schools Leesburg High
Others
Acceptable Financing Cash,Conventional,VA Loan
Listing Terms Cash,Conventional,VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/G5098401