904 SUMTER St Leesburg, FL 34748
Well-maintained four-townhome community with separate utility metering and updated interiors.
Property Features for 904 SUMTER St
General Information
- Standard status
- Active
- Size
- 6,148 SF
- Lot size
- 0.38 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1987
Listing office (307) 690-7219
Listing date Jul 14, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of Jo Holton
Investment Insights
Based on property information with market context.
The property sits on a 119’ x 138’ lot and is zoned R-2. Each unit is separately metered for city utilities, and each unit is provided with two assigned parking spots.
Three units convey with current, executed leases, offering immediate rental occupancy at closing based on the stated lease terms.
Key Highlights
- Built in 1987 block & stucco four‑townhome (quadplex) with two‑story layouts and lofts
- Unit mix: two 3BR/2BA middle units (1,752 SF each) and two 2BR/2BA end units (1,322 SF each)
- Updated interiors across all units with LVP flooring
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.8k | $23.88 |
| − Vacancy | −$9.5k | −$1.55 |
| EGI | $137.3k | $22.33 |
| − OpEx | −$61.8k | −$10.05 |
| NOI | $75.5k | $12.28 |
