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!
Sold for $365,000
$365,000
205 FERN DRIVE #A,C,D, LEESBURG, FL 34748
5beds
3baths
1,791sqft
Triplex, Multi Family
Built in 1952
-- sqft lot
$360,800 Zestimate®
$204/sqft
$1,520 Estimated rent
Home value
$360,800
$332,000 - $393,000
$1,520/mo
Zestimate® history
Owner options
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$1,520/mo
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$1,520/mo
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$2,441/mo
Est. payment
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$2,441/mo
Est. payment
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List your homeWhat's special
Updated with new windows
Zillow last checked:
Listing updated:
Listed by:
Daniela Patton 407-219-1068,
EXP REALTY LLC 888-883-8509
Bought with:
Chris Creegan, 3168853
CREEGAN GROUP
Mandy Minnetto, 3501292
CREEGAN GROUP
Source: Stellar MLS,MLS#: G5098401
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Central, Wall Units / Window Unit
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Range, Refrigerator
- Laundry: Outside
Features
- Ceiling Fan(s), Thermostat
- Flooring: Carpet, Laminate
- Windows: Blinds, Window Treatments
- Has fireplace: No
Interior area
- Total structure area: 1,836
- Total interior livable area: 1,791 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Exterior features: Other, Private Mailbox
Lot
- Size: 0.74 Acres
- Dimensions: 91 x 197
Details
- Additional structures: Storage, Outbuilding
- Parcel number: 301925000100000500
- Zoning: R-1
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Block, Wood Frame
- Foundation: Crawlspace, Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1952
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: ACREAGE & UNREC
HOA
- Has HOA: No
Location
- Region: Leesburg
Financial & listing details
- Price per square foot: $204/sqft
- Annual tax amount: $4,668
- Date on market: 6/18/2025
- Cumulative days on market: 5 days
- Listing terms: Cash,Conventional,VA Loan
- Ownership: Fee Simple
- Lease term: 12 Months
- Total actual rent: 3900
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2025 | Sold | $365,000-3.9%$204/sqft |
Source:  Stellar MLS #G5098401 Report a problem | ||
| 6/23/2025 | Pending sale | $380,000$212/sqft |
Source: Stellar MLS #G5098401 Report a problem | ||
| 6/18/2025 | Listed for sale | $380,000-4.8%$212/sqft |
Source: Stellar MLS #G5098401 Report a problem | ||
| 5/30/2024 | Listing removed | $399,000-6.1%$223/sqft |
Source: Stellar MLS #U8242856 Report a problem | ||
| 5/14/2024 | Listed for sale | $425,000-1.2%$237/sqft |
Source: Stellar MLS #U8242856 Report a problem | ||
| 3/28/2023 | Listing removed | -- |
Source: Stellar MLS #OM651564 Report a problem | ||
| 1/31/2023 | Price change | $430,000-4.4%$240/sqft |
Source: Stellar MLS #OM651564 Report a problem | ||
| 1/20/2023 | Listed for sale | $450,000$251/sqft |
Source: Stellar MLS #OM651564 Report a problem | ||
| 1/17/2023 | Pending sale | $450,000$251/sqft |
Source: Stellar MLS #OM651564 Report a problem | ||
| 1/16/2023 | Listed for sale | $450,000$251/sqft |
Source: Stellar MLS #OM651564 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 34748
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Nearby schools
GreatSchools rating
- 6/10Beverly Shores Elementary SchoolGrades: PK-5Distance: 2.6 mi
- 3/10Oak Park Middle SchoolGrades: 6-8Distance: 3.2 mi
- 2/10Leesburg High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: Beverly Shores Elem
- Middle: Oak Park Middle
- High: Leesburg High
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$360,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$360,800
- Florida
- Lake County
- Leesburg
- 34748
- 205 FERN DRIVE Unit A,C,D
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