600 W Oak Terrace Drive, LEESBURG, FL 34748

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600 W Oak Terrace Drive,LEESBURG, FL 34748
$6,500,000
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  • - Beds
  • 64 Baths
  • 39,524 sq. ft.
  • Multi-family
  • Active
Listed by:jonathan martin
Office:carlino real estate group inc
MLS#:G5099082
Source:MFRMLS

Price summary

  • Price:$6,500,000
  • Price per sq. ft.:$164.46

About this home

This 48-unit apartment complex offers a turn-key solution for investors seeking a stable income stream with a single tenant that ensures minimal management effort. The entire property is leased by an accredited private 4-year college founded in 1989. With students from across the country and internationally, the college's continued growth and established reputation ensures a strong and reliable tenant, making this a truly hands-off investment. Residents enjoy modern living spaces with updated vinyl flooring and recently updated kitchens and bathrooms in most units. One of the standout features of this property is its stunning Outdoor Oasis courtyard. This inviting outdoor space includes brick walkways, spacious patios, two huge gazebos, and a charming brick fireplace, perfect for gatherings or relaxation. Beautiful stone flower beds, new palm trees, and fresh sod create a serene environment, all maintained by an efficient irrigation system. Other Amenities included an

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Home facts

  • Year built:1980
  • Listing Id #:G5099082
  • Added:41 day(s) ago
  • Updated:August 14, 2025 at 12:29 PM

Rooms and interior

  • Total bathrooms:64
  • Living area:39,524 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Roof:Shingle
  • Year built:1980
  • Building area:39,524 sq. ft.
  • Lot area:2.35 Acres

Utilities

  • Water:Public
  • Sewer:Public, Public Sewer

Finances and disclosures

  • Price:$6,500,000
  • Price per sq. ft.:$164.46
  • Tax amount:$7,979 (2024)
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