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 on 08/01/25
$365,000
205 Fern Dr #A-C, Leesburg, FL 34748
5beds
3baths
1,791sqft
Triplex, Multi Family
Built in 1952
-- sqft lot
$372,200 Zestimate®
$204/sqft
$1,817 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 06:23am
Listing Provided 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

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 & neighborhood
Location
- Region: Leesburg
- Subdivision: ACREAGE & UNREC
HOA & financial
HOA
- Has HOA: No
Other fees
- Pet fee: $0 monthly
Other financial information
- Total actual rent: 3900
Other
Other facts
- Listing terms: Cash,Conventional,VA Loan
- Ownership: Fee Simple
- Road surface type: Paved
Services availability
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Estimated market value
$372,200
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
$372,200