Duplex with Separate Laundry
1104 BIRCHWOOD COURT, Leesburg, FL 34748
For Sale
$225,000
The two sides have differing recent interior updates and tenant history.
Property Size1,540 SF
Price / SF$146.10
Days on Market52
Property Features for 1104 BIRCHWOOD COURT
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
on-site laundry
covered porch
Building Details
Year Built
Buildings
Listing Agency:
SUNSTAR REAL ESTATE
Listed By:
Michael Abernathy · License FL #3138665
(352) 308-7514
Source:
Dennisrealty
Added: Sep 21
Changed: Nov 10
Last Checked: Nov 10 at 8:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SUNSTAR REAL ESTATE
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Investment Insights
Based on property information with market context.
This 1,540-square-foot duplex was built in 1984 and contains two residential units. One side has recently received paint, blinds and appliances; the other has housed the same tenant for three years.
A separate laundry room sits behind the building, alongside a small covered rear porch.
A separate laundry room sits behind the building, alongside a small covered rear porch.
Key Highlights
- Two‑unit duplex totaling 1,540 square feet
- Built in 1984
- One side recently updated with paint, blinds and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,782
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,640
$355.6K
Cap Rate 7%
$254,029
$254.0K
Cap Rate 9%
$197,578
$197.6K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$26.8K $17.40/SF
− Vacancy
−$1.4K −$0.90/SF
EGI
$25.4K $16.50/SF
− OpEx
−$7.6K −$4.95/SF
NOI
$17.8K $11.55/SF
Area
Lake County, FL
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,640
Cap Rate 7%
$254,029
Cap Rate 9%
$197,578
Alternative Uses
Best Use
Multifamily LT 5
$254.0K
$222.3K – $296.4K
NOI $17,782 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$230.1K
$201.3K – $268.4K
NOI $16,104 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$496.6K
$434.5K – $579.4K
NOI $34,761 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
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Business Placement
Demographics for 34748, FL
45,481
Population
25,740
Households
1.8
Avg Household Size
60
Median Age
24%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$53,768
Median Household Income
$30,762
Median Earnings
$1,181
Median Rent
$226,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lake County, FL
Properties on Market for Duplexes in Lake County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two sides have differing recent interior updates and tenant history.
Where is this duplex located?
The property is located at 1104 BIRCHWOOD COURT Leesburg, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,540 square feet; Built in 1984; One side recently updated with paint, blinds and appliances
