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600 W Oak Terrace Drive, Leesburg
$5,500,000
64 Baths ⋅ Leesburg N C Lee Estate SubDv. ⋅ 34748 Zip Code
This 48-unit apartment complex offers a turn-key solution for investors seeking a stable income stream with a single tenant that ensures minimal management effort. The entire property is leased by an accredited private 4-year college founded in 1989. With students from across the country and internationally, the college's continued growth and established reputation ensures a strong and reliable tenant, making this a truly hands-off investment. Residents enjoy modern living spaces with updated vinyl flooring and recently updated kitchens and bathrooms in most units. One of the standout features of this property is its stunning Outdoor Oasis courtyard. This inviting outdoor space includes brick walkways, spacious patios, two huge gazebos, and a charming brick fireplace, perfect for gatherings or relaxation. Beautiful stone flower beds, new palm trees, and fresh sod create a serene environment, all maintained by an efficient irrigation system. Other Amenities included an on-site laundry facility and management office, electronic locks on all apartments, and plenty of parking. Other recent major updates include roof replacement on all the building in 2020, robust gutter and drainage system, exterior lighting, security cameras and gates, and the majority of the HVAC systems have been replaced within the last five years. The property location is a significant asset, benefiting from its proximity to historic downtown Leesburg where residents can enjoy local restaurants, shops, and Ski Beach/Venetian Park on Lake Harris. It's also conveniently situated approximately 56 miles from Orlando International Airport and within a two-hour drive of stunning beaches on both the Atlantic and Gulf coasts. Leesburg, FL, has seen significant growth in recent years, with several large employers near this property increasing the demand for affordable housing in the area. AN ADDITIONAL 2.68-ACRE ADJACENT PARCEL that offers the opportunity to possibly build up to an additional 48 units is also available. (MLS # G5099161) This is an opportunity not to be missed—call today for more information!

600 W Oak Terrace Drive, Leesburg

404 Perkins Street, Leesburg
$305,000
Leesburg N C Lee Estate SubDv. ⋅ 34748 Zip Code
A freestanding medical office building that situated on over 3/4 of an acre, 24,547 sqft of land on a heavily traveled access road between Hwy 441 and Dixie Highway in the heart of Leesburg's medical area this 2,668 SF Dental Office offers plenty of parking, freestanding signage and safe access to over 15 parking spots. Recently retired from active use this office provides for a large waiting room, 4 fully equipped operatories, three of which are equipped with x-ray machines. as well as a panoramic x-ray room. Two equipped labs, sterile area, sleeping and shower facilities are also included along with plenty of file and storage area. 404 Perkins Street is situated on excess land with an abundance of available parking. This property is ideal for any type of medical practitioner.

404 Perkins Street, Leesburg

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