Skip main navigation
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

    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!

    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#: G5098401MLS LogoOriginating 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
    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

    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