CBS-Constructed Duplex with Screened
4869/4871 LEONARD S BOULEVARD Lehigh Acres, FL 33973
4869/4871 LEONARD S BOULEVARD, Lehigh Acres, FL, 33973
$314,900
For Sale
$314,900
3-bedroom/2-bath and 1-bedroom/1-bath units on public water and septic, with a covered, screened lanai.
Property Size1,654 SF
Price / SF$190.39
Days on Market481
Property Features for 4869/4871 LEONARD S BOULEVARD
General Information
- Standard status
- Active
- Size
- 1,654 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2000
Listing agency
RE/MAX TREND
(239) 910-6595
Listed by
Nancy Ammons, PA · License #705548
(239) 910-6595
Source
Exitrealty
Added: Mar 29, 2025 Updated: Jul 20 at 11:45PM Checked: Jul 21 at 4:20AM
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 RE/MAX TREND
Investment Insights
Based on property information with market context.
This CBS-constructed duplex offers two residential units with tile flooring throughout and a great room layout on both sides. One unit features 3 bedrooms and 2 bathrooms, including a primary bedroom with a double slider opening to a covered, screened-in lanai for indoor/outdoor living. The second unit offers 1 bedroom and 1 bathroom with an efficient great room plan.
The property is described as being in a non-flood zone with western rear exposure. It is located directly across from The Club at Westminster, a public 18-hole golf course with a full-service restaurant and practice facilities.
Utilities include public water and septic. Nearby conveniences and schools are referenced in the seller’s remarks, with Publix grocery shopping about 2 miles away, casual dining options around 3 miles, and schools less than 2 miles from the property. Florida SouthWestern State College is approximately 10 miles away and RSW International Airport is about 12 miles away.
The property is described as being in a non-flood zone with western rear exposure. It is located directly across from The Club at Westminster, a public 18-hole golf course with a full-service restaurant and practice facilities.
Utilities include public water and septic. Nearby conveniences and schools are referenced in the seller’s remarks, with Publix grocery shopping about 2 miles away, casual dining options around 3 miles, and schools less than 2 miles from the property. Florida SouthWestern State College is approximately 10 miles away and RSW International Airport is about 12 miles away.
Key Highlights
- CBS‑constructed duplex built in 2000 with a 3‑bed/2‑bath unit and a 1‑bed/1‑bath unit
- Both units feature a great room layout and tile flooring throughout
- Primary bedroom in the 3‑bedroom unit has a double slider to a covered, screened‑in lanai
Local Financial Insights For Multifamily LT 5
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 | $32.7k | $19.80 |
| − Vacancy | −$1.5k | −$0.89 |
| EGI | $31.3k | $18.91 |
| − OpEx | −$9.4k | −$5.67 |
| NOI | $21.9k | $13.24 |
1,654 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$312.8K
$273.7K – $364.9K
NOI $21,893 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$289.8K
$253.6K – $338.1K
NOI $20,288 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$520.6K
$455.5K – $607.4K
NOI $36,441 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - 3-bedroom/2-bath and 1-bedroom/1-bath units on public water and septic, with a covered, screened lanai.
Where is this duplex located?
The property is located at 4869/4871 LEONARD S BOULEVARD Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: CBS‑constructed duplex built in 2000 with a 3‑bed/2‑bath unit and a 1‑bed/1‑bath unit; Both units feature a great room layout and tile flooring throughout; Primary bedroom in the 3‑bedroom unit has a double slider to a covered, screened‑in lanai
