
205 Fern Dr Unit A,C,D Leesburg, FL 34748
Estimated payment $2,492/month
Highlights
- 0.74 Acre Lot
- Outdoor Storage
- Ceiling Fan
- No HOA
- Central Heating and Cooling System
- 2 Car Garage
About This Home
Under contract-accepting backup offers. 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!
Listing Agent
EXP REALTY LLC Brokerage Phone: 888-883-8509 License #3513599 Listed on: 06/18/2025

Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,669
Year Built
- Built in 1952
Lot Details
- 0.74 Acre Lot
- Lot Dimensions are 91x197
Parking
- 2 Car Garage
Home Design
- Triplex
- Slab Foundation
- Frame Construction
- Shingle Roof
- Block Exterior
Interior Spaces
- 1,791 Sq Ft Home
- Ceiling Fan
- Blinds
- Crawl Space
- Range
- Laundry Located Outside
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Outdoor Features
- Outdoor Storage
- Private Mailbox
Schools
- Beverly Shores Elementary School
- Oak Park Middle School
- Leesburg High School
Utilities
- Central Heating and Cooling System
- Cooling System Mounted To A Wall/Window
- Thermostat
- Well
- Septic Tank
Listing and Financial Details
- Visit Down Payment Resource Website
- No Minimum Lease Term
- Assessor Parcel Number 30-19-25-0001-000-00500
Community Details
Overview
- No Home Owners Association
- 3 Units
- 1,836 Sq Ft Building
- Acreage & Unrec Subdivision
Pet Policy
- Pets Allowed
Building Details
- Operating Expense $5,100
- Gross Income $46,800
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $3,880 | $224,559 | $98,369 | $126,190 |
2024 | $3,880 | $224,559 | $98,369 | $126,190 |
2023 | $3,880 | $206,041 | $82,419 | $123,622 |
2022 | $2,865 | $144,389 | $32,967 | $111,422 |
2021 | $2,473 | $97,094 | $0 | $0 |
2020 | $2,449 | $84,560 | $0 | $0 |
2019 | $1,873 | $45,938 | $0 | $0 |
2018 | $1,821 | $45,938 | $0 | $0 |
2017 | $1,506 | $20,873 | $0 | $0 |
2016 | $2,750 | $91,114 | $0 | $0 |
2015 | $2,765 | $88,988 | $0 | $0 |
2014 | $2,777 | $87,434 | $0 | $0 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/23/2025 06/23/25 | Pending | -- | -- | -- |
06/18/2025 06/18/25 | For Sale | $380,000 | -11.6% | $212 / Sq Ft |
01/31/2023 01/31/23 | Price Changed | $430,000 | -4.4% | $240 / Sq Ft |
01/20/2023 01/20/23 | For Sale | $450,000 | 0.0% | $251 / Sq Ft |
01/17/2023 01/17/23 | Pending | -- | -- | -- |
01/16/2023 01/16/23 | For Sale | $450,000 | -- | $251 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $25,500 | Celebration Title Group | |
Special Warranty Deed | $8,500 | Hbi Title Services Inc | |
Trustee Deed | $25,100 | None Available | |
Trustee Deed | $25,100 | None Available | |
Quit Claim Deed | -- | -- | |
Quit Claim Deed | $600 | -- |
Similar Home in Leesburg, FL
Source: Stellar MLS
MLS Number: G5098401

APN: 30-19-25-0001-000-00500
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