2142 S Gleneagle Terrace, Lecanto, FL 34461
MULTI_FAMILY - Other - Lecanto, FL
- Added:
- Aug 28, 2025
- Days on Market:
- 308
- Last Refresh:
- Jul 1 at 5:06 pm
Property Features for 2142 S Gleneagle Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- PSO
- Parking features
- Driveway
- Interior features
- FirstFloorEntry
- Exterior features
- Landscaping, ConcreteDriveway
- Appliances
- Dishwasher, ElectricOven, ElectricRange, MicrowaveHoodFan, Microwave, Refrigerator
- Standard status
- Active
- APN
- 3522468
- Size
- 3,556 SF
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- GIGURE SUBDIVISION PB 19 PG 131 PARCEL "A".
- Tax Annual Amount
- 6494
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central, Heat Pump (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 2018
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Vinyl
- Building materials
- Stucco
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing agent Marguerite A Budnick License #561554 (352) 228-0876
Listing office Castro Realty & Property Manag 333 N Croft Ave, Inverness, FL (352) 228-0876
Listing date Aug 28, 2025
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 100% Occupancy Rate with strong rental income: Current leases generate $1550-$1650/month per unit.
- Large Units: Each unit boasts 3 bedrooms, 2 baths, 2‑car garage, and 1700 sq ft of living space.
- Low Maintenance: Property has a history of low repairs and minimal vacancy.
- Modern Construction: Built in 2018, the duplex features desirable finishes.
- Desirable Features: Granite countertops, soft‑close cabinets, stainless steel appliances, and luxury vinyl plank flooring.
- Long‑Term Tenants: Majority of tenants have been in place for 5+ years.
Overview
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 | $49.1k | $13.80 |
| − Vacancy | −$2.7k | −$0.76 |
| EGI | $46.4k | $13.04 |
| − OpEx | −$13.9k | −$3.91 |
| NOI | $32.5k | $9.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lecanto
- County
- Citrus
- State
- Florida
- Longitude
- -82.521186
- Latitude
- 28.830933
