205 FERN DR #A,C,D, LEESBURG, FL, 34748
$380,000
Residential Income
Bedrooms
5
Bathrooms
3
Living Area
1,791 Sqft
Lot Size
32,234 Sqft
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!
Property Details
Property Features Property Features
MLS ID: MFRG5098401 Year Built: 1952
Appliances: Range, Refrigerator Construction Materials: Block, Frame
Cooling: Central Air, Wall/Window Unit(s) Country: US
County Or Parish: Lake Exterior Features: Outbuildings, Other, Private Mailbox
Flooring: Carpet, Laminate Foundation Details: Crawlspace, Slab
Heating: Central, Ductless Laundry Features: Outside
Lease Term: Twelve Months Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional, VA Loan Occupant Type: Tenant
Other Structures: Storage Pets Allowed: Yes
Property Sub Type: Triplex Property Type: Residential Income
Road Surface Type: Paved Roof: Shingle
Sewer: Septic Tank Showing Requirements: 24 Hour Notice, Appointment Only
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Electricity Connected
Water Source: Well Window Features: Blinds
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