$380,000
PENDING

205 Fern Dr Unit A,C,D Leesburg, FL 34748

Estimated payment $2,492/month

Total Views 466
5 Beds
3 Baths
1,791 Sq Ft
$212 Price per Sq Ft

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

Daniela Patton

EXP REALTY LLC Brokerage Phone: 888-883-8509 License #3513599 Listed on: 06/18/2025

EXP REALTY LLC

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

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,669

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Construction Materials: Block, Frame
  • Fireplace: No
  • Living Area: 1791
  • Lot Size Acres: 0.74
  • New Construction: No
  • Year Built: 1952
  • Building Area Total: 1836
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 32234
  • Directions to Property: 441 North to left on Fern Drive (road runs nest to Gator Harley Davidson), house will be on the right.
  • Status: Pending
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow City: Eustis
  • Escrow Postal Code: 32726
  • Escrow State: FL
  • Escrow Street Name: Kurt St
  • Escrow Street Number: 2703
  • List Office Head Office Key Nume: 1041803
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 212.17
  • Total Acreage: 1/2 to less than 1
  • Unit Number YN: 0
  • Water Access YN: 0
  • Planned Unit Development Yn: 0
  • Attribution Contact: 888-883-8509
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Laminate
  • Interior Amenities: Ceiling Fans(s), Thermostat, Window Treatments
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Crawlspace, Slab
  • Total Bedrooms: 5
  • Spa Yn: No
  • Window Features: Blinds
  • Street Number Modifier: 205
  • Living Area Meters: 166.39

Exterior Features

  • Other Structures: Storage
  • Exterior Features: Outbuildings, Other, Private Mailbox
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Garage Spaces: 1
  • Garage Spaces: 1
  • Garage Spaces: 1

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Ductless
  • Laundry Features: Outside
  • Sewer: Septic Tank
  • Water Source: Well
  • Individually Metered: Electric,Internet

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Association Fee Requirement: None
  • Building Name Number: A,C,D

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Beverly Shores Elem
  • High School: Leesburg High
  • Middle Or Junior School: Oak Park Middle

Lot Info

  • Zoning: R-1
  • Parcel Number: 30-19-25-0001-000-00500
  • Additional Parcels: No
  • Lot Dimensions: 91x197
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 2995

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Total Actual Rent: 3900
  • Lease Restrictions YN: 0

Multi Family

  • Gross Income: 46800
  • Number Of Units Total: 3
  • Total Num Buildings: 4
  • Unit Count: 3
  • Est Annual Market Income: 61200.00
  • Total Monthly Expenses: 425

Tax Info

  • Tax Annual Amount: 4668.85
  • Tax Block: 000
  • Tax Book Number: 5-48
  • Tax Lot: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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
Source: Stellar MLS

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 --
Source: Public Records

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Source: Stellar MLS

MLS Number: G5098401

Stellar MLS

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