Two-Unit Duplex with Updated
1108 BIRCHWOOD Court, Leesburg, FL 34748
For Sale
$289,000
Residential Income, LEESBURG, FL
Property Size1,540 SF
Lot Size0.16 Acres
Price / SF$187.66
Days on Market9
Property Features for 1108 BIRCHWOOD Court
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Exterior features
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
tile floors
ceiling fans
washer/dryer hookups
Building Details
Year built
Number of units
Building materials
Roof type
Buildings
Listing Agency:
COMPASS FLORIDA LLC
(727) 380-2067
Listed By:
Kim Meredith-Hampton · License #601196
(407) 448-6679
Added: Oct 30
Changed: Nov 7
Last Checked: Nov 7 at 11:06AM
MLS# TB8561110
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,540-square-foot duplex contains two 2-bedroom, 1-bathroom units. Built in 1984, the property has tile flooring throughout, ceiling fans in the bedrooms and living rooms, and a closet with washer/dryer hookups. Each residence has a private parking space. The building’s brick and stucco construction is topped by a shingle roof; a replacement roof was installed in 2023, and the AC system was replaced in 2022.
The 0.16-acre property is zoned R-3 and served by public water and sewer. Central heating and central air conditioning serve the building.
The 0.16-acre property is zoned R-3 and served by public water and sewer. Central heating and central air conditioning serve the building.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units; 1,540 square feet total
- 0.16‑acre parcel zoned R‑3
- New roof installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,540
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,800
$410.8K
Cap Rate 7%
$293,429
$293.4K
Cap Rate 9%
$228,222
$228.2K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$31.4K $20.40/SF
− Vacancy
−$2.1K −$1.35/SF
EGI
$29.3K $19.05/SF
− OpEx
−$8.8K −$5.72/SF
NOI
$20.5K $13.34/SF
Area
Lake County, FL
Vacancy
6.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,800
Cap Rate 7%
$293,429
Cap Rate 9%
$228,222
Alternative Uses
Best Use
Multifamily LT 5
$293.4K
$256.8K – $342.3K
NOI $20,540 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$270.2K
$236.4K – $315.2K
NOI $18,912 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$438.2K
$383.5K – $511.3K
NOI $30,677 @ 7.0% cap · market cap 10.61%
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 - Two separate 2-bedroom, 1-bathroom residences include central air, private parking, and washer/dryer hookups.
Where is this duplex located?
The property is located at 1108 BIRCHWOOD Court Leesburg, FL.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units; 1,540 square feet total; 0.16‑acre parcel zoned R‑3; New roof installed in 2023
