Updated Residential Income
204 LOUIS STREET Leesburg, FL 34748
New
For Sale
$345,000
Updated duplex with fenced lot and 2025 AC and water heater, currently leased through Sept 2027.
Property Size1,840 SF
Price / SF$187.50
Days on Market5
Property Features for 204 LOUIS STREET
General Information
Standard status
Active
Size
1,840 SF
Property subtype
Duplex
Building Details
Year Built
1954
Listing Agency:
CHARLES RUTENBERG REALTY ORLANDO
(407) 622-2122
Listed By:
Husain Jaffer · License #3293364
Source:
Miharaandassociates
Added: Jul 23
Changed: Jul 26
Last Checked: Jul 26 at 9:13PM
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 CHARLES RUTENBERG REALTY ORLANDO
Investment Insights
Based on property information with market context.
This residential income duplex includes a main house plus an additional 4th bedroom being rented as a studio. The property has been fully updated cosmetically, and the buyer will inherit existing tenant occupancy. The home is set on a fenced lot and includes a 2025 AC and water heater, with the roof described as being in great shape.
Located at 204 Louis Street in Leesburg, Florida, the current leases are in place through Sept 2027, with tenants requesting no disturbance and appointments for showings.
The duplex offers an income-producing setup with the 4th bed configured as a studio rental alongside the main house.
Located at 204 Louis Street in Leesburg, Florida, the current leases are in place through Sept 2027, with tenants requesting no disturbance and appointments for showings.
The duplex offers an income-producing setup with the 4th bed configured as a studio rental alongside the main house.
Key Highlights
- 8.1% net income at asking with $2,900 gross per month
- Updated duplex with tenants in place; lease runs through Sept 2027
- Over 9,000 sq ft fenced lot
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 | $37.5k | $20.40 |
| − Vacancy | −$2.5k | −$1.35 |
| EGI | $35.1k | $19.05 |
| − OpEx | −$10.5k | −$5.72 |
| NOI | $24.5k | $13.34 |
1,840 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$350.6K
$306.8K – $409.0K
NOI $24,541 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$322.8K
$282.5K – $376.6K
NOI $22,596 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$523.6K
$458.2K – $610.9K
NOI $36,653 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with fenced lot and 2025 AC and water heater, currently leased through Sept 2027.
Where is this duplex located?
The property is located at 204 LOUIS STREET Leesburg, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 8.1% net income at asking with $2,900 gross per month; Updated duplex with tenants in place; lease runs through Sept 2027; Over 9,000 sq ft fenced lot
