$365,000
SOLD AUG 1, 2025

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

5 Beds
3 Baths
1,791 Sq Ft
0.74 Acres

Recently Sold

$204 Per Sq Ft

4% Below List Price

5 Days on Market

Highlights

  • 0.74 Acre Lot
  • Outdoor Storage
  • Ceiling Fan
  • No HOA
  • Central Heating and Cooling System
  • 2 Car Garage

About This Home

As of August 2025

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!

Last Agent to Sell the Property

Daniela Patton

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

EXP REALTY LLC

Last Buyer's Agent

Chris Creegan

CREEGAN GROUP License #3168853

CREEGAN GROUP

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
  • Outbuilding
  • Private Mailbox

Schools

  • Beverly Shores Elementary School
  • Oak Park Middle School
  • Leesburg High School

Utilities

  • Central Heating and Cooling System
  • Ductless Heating Or 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: Sold
  • 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: 203.80
  • 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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2025
Closed on
Aug 1, 2025
Sold by
Toro Enterprises Inc
Bought by
205 Fern Drive Llc
Seller's Agent
Daniela Patton
EXP REALTY LLC
Buyer's Agent
Chris Creegan
CREEGAN GROUP
List Price
$380,000
Sold Price
$365,000
Premium/Discount to List
-$15,000
-3.95%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-54.55%
Original Mortgage
$308,000
Outstanding Balance
$308,000
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$16,278

Purchase Details

Closed on
Feb 17, 2017
Sold by
Fader Enterprises Llc
Bought by
Toro Enterprises Inc

Purchase Details

Closed on
Feb 1, 2017
Sold by
The Huntington National Bank
Bought by
Fader Enterprises Llc

Purchase Details

Closed on
Dec 14, 2015
Sold by
Durner Herbert
Bought by
The Huntington National Bank

Purchase Details

Closed on
Dec 1, 2015
Sold by
Durner Herbert
Bought by
The Huntington National Bank

Purchase Details

Closed on
Apr 6, 2005
Sold by
Olson Jerome E and Olson Denice R
Bought by
Durner Herbert

Purchase Details

Closed on
Dec 2, 2004
Sold by
Durner Herbert
Bought by
Olson Jerome E and Olson Denice R
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $365,000 None Listed On Document
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

Mortgage History

Date Status Loan Amount Loan Type
Open $308,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 Sold $365,000 -3.9% $204 / Sq Ft
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

Tax History Compared to Growth

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

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: G5098401

Stellar MLS

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