Beacon Apartments

600 W Oak Terrace Dr, Leesburg, FL 34748

• Sale Price: $5,500,000

• Number of Units: 48

• Price Per Unit: $114,583

• Year Built: 1980

• Building Size: 39,524 SF

Sold on 2/12/26 by
The Apt Brokers

Beacon apartments is a 48-unit multifamily asset in Leesburg, Florida. Fully leased to an accredited private 4-year college founded in 1989, this property offers investors a true turn-key opportunity with stable income and minimal management responsibilities.

The unit mix includes updated 1BR and 2BR apartments with vinyl flooring, modern kitchens, and renovated bathrooms. Residents enjoy an on-site laundry facility, management office, electronic locks, and ample parking. The landscaped Outdoor Oasis courtyard features brick walkways, large gazebos, a brick fireplace, and fresh greenery with irrigation.

Recent capital improvements include new roofs (2020), upgraded drainage systems, exterior lighting, gated security with cameras, and HVAC replacements in most units. Just minutes from historic downtown Leesburg, the property benefits from easy access to restaurants, shops, and Lake Harris parks.