3-Bedroom
For Sale
$345,000
4524/4526 Leonard Blvd S, Lehigh Acres, FL 33973
RM-2-zoned property pairs two residential units with access to regional roads and Fort Myers.
Property Size1,126 SF
Price / SF$306.39
Days on Market87
Property Features for 4524/4526 Leonard Blvd S
General Information
Standard status
Active
Size
1,126 SF
Property subtype
Residential Income
Zoning
RM-2
Site & Location
Neighborhood
37feb17f-86df-4ec0-97d6-70e4e55782ee
Highway Access
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,716
Building Details
Building Size
1,126 SF
Year Built
2007
Buildings
1
Units
2
Listing Agency:
Fast Action Realty Inc
(239) 431-5522
Listed By:
Yanely Fernandez · License #3072637
(239) 253-2286
Source:
Fastactionrealtyinc
Added: Aug 5
Changed: Oct 25
Last Checked: Oct 29 at 8:14PM
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 Fast Action Realty Inc
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Investment Insights
Based on property information with market context.
Built in 2007, this duplex contains two units with a combined six bedrooms and four full bathrooms. Each residence has three bedrooms and two bathrooms. The property measures 1,126 square feet and is zoned RM-2.
Located in Lehigh Acres, the property is near SR-82 and I-75, with Fort Myers also accessible from the area. Shopping, dining, and schools are among the nearby amenities.
Located in Lehigh Acres, the property is near SR-82 and I-75, with Fort Myers also accessible from the area. Shopping, dining, and schools are among the nearby amenities.
Key Highlights
- Two units, each with 3 bedrooms and 2 full bathrooms
- 1,126 square feet
- Built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,904
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,080
$298.1K
Cap Rate 7%
$212,914
$212.9K
Cap Rate 9%
$165,600
$165.6K
Market Conditions
NOI Build-Up for 1,126 SF
Gross rent
$22.3K $19.80/SF
− Vacancy
−$1.0K −$0.89/SF
EGI
$21.3K $18.91/SF
− OpEx
−$6.4K −$5.67/SF
NOI
$14.9K $13.24/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,080
Cap Rate 7%
$212,914
Cap Rate 9%
$165,600
Alternative Uses
Best Use
Multifamily LT 5
$212.9K
$186.3K – $248.4K
NOI $14,904 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$197.3K
$172.7K – $230.2K
NOI $13,812 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$354.4K
$310.1K – $413.5K
NOI $24,808 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Explore this area
Business Placement
Demographics for 33973, FL
12,728
Population
4,286
Households
3
Avg Household Size
28
Median Age
11%
College-Educated
81%
High-School Grad
3.8 sq mi
ZIP Area
3,349
Density / Sq Mi
$57,216
Median Household Income
$34,676
Median Earnings
$1,432
Median Rent
$334,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - RM-2-zoned property pairs two residential units with access to regional roads and Fort Myers.
Where is this duplex located?
The property is located at 4524/4526 Leonard Blvd S Lehigh Acres, 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: Two units, each with 3 bedrooms and 2 full bathrooms; 1,126 square feet; Built in 2007
