Renovated Duplex with Cash
1715 BIRCHWOOD CIRCLE Leesburg, FL 34748
1715 BIRCHWOOD CIRCLE, Leesburg, FL, 34748
$269,000
For Sale
$269,000
Charming, renovated duplex with two units and strong cash flow.
Property Size1,540 SF
Price / SF$174.68
Days on Market497
Property Features for 1715 BIRCHWOOD CIRCLE
General Information
- Standard status
- Active
- Size
- 1,540 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1984
Listing Agency
ENGEL & VOLKERS ST. PETE
(407) 448-6679
Listed by
Kim Meredith-Hampton · License #601196
(407) 448-6679
Source
Exitrealty
Added: Mar 9, 2025 Checked: Jul 19 at 4:40 am
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 ENGEL & VOLKERS ST. PETE
Investment Insights
Based on property information with market context.
This duplex, featuring two 2-bed/1-bath units, is being offered as part of a package with three other duplexes. Renovated in 2022, the property includes a new roof installed in 2023. Tile floors are present throughout the 1,540 square foot building. Each bedroom and the living room are equipped with ceiling fans. The property also features a private parking space and a storage closet with washer/dryer hookups. This residential income property is located in Leesburg, Florida.
Key Highlights
- Package deal with three other duplexes for instant cash flow and portfolio expansion.
- Renovated in 2022.
- New roof installed in 2023.
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 | $31.4k | $20.40 |
| − Vacancy | −$2.1k | −$1.35 |
| EGI | $29.3k | $19.05 |
| − OpEx | −$8.8k | −$5.72 |
| NOI | $20.5k | $13.34 |
1,540 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$293.4K
$256.8K – $342.3K
NOI $20,540 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$270.2K
$236.4K – $315.2K
NOI $18,912 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$438.2K
$383.5K – $511.3K
NOI $30,677 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Charming, renovated duplex with two units and strong cash flow.
Where is this duplex located?
The property is located at 1715 BIRCHWOOD CIRCLE Leesburg, FL.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Package deal with three other duplexes for instant cash flow and portfolio expansion.; Renovated in 2022.; New roof installed in 2023.
