Back 221 Mike St
Off Market

221 Mike St

Leesburg FL 34748

2088 sq. ft.
4900 sq. ft.
Duplex
Last sold for $275,000
Erich SpiveyErich Spivey, last sold this property on 01 October 2021 after 358 days on market.

Overview

FULLY OCCUPIED QUADPLEX WITH PAYING TENANTS!! AMAZING 16% CAP RATE. Perfect location near downtown Leesburg. These units are in HIGH DEMAND. Tremendous cash flow of $2,408/mo. Each unit is a 1/1 with full kitchen and bathroom. Tile floors, individual central A/C units and fresh paint. This CASH COW is truly future proof and ready to collect premium rent for updated condition. All four tenants are on 12-month leases and pay for all utilities, including electric, water and garbage. Do not disturb tenants.

Features

2088 sq. ft. floor area
4900 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar duplexes sold in Leesburg over the last 12 months, the estimated median property value of 221 Mike St is $200k.

Median value
$200k
Estimated value range
$140k - $400k
Median days on market
66
Estimated value trend
-17%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Leesburg. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 221 Mike St

2021
Sold
$275,000
01 Oct 2021 by Erich Spivey, of ALABAMA LLC
2021
Sold
$275,000
01 Oct 2021 by Sylvia young, of FLORIDA RENTAL TEAM
2019
Sold
$65,000
02 Apr 2019 by Kelly French, of KELLER WILLIAMS ELITE PARTNERS III REALTY

Happy sellers in Leesburg

71%
71% of sellers in Leesburg reported that their sale price either exceeded or met their price expectations.

Leesburg stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 22 reviews in Leesburg over the last 12 months.

Local market activity for duplexes in Leesburg

In the last 12 months, 14 duplexes similar to 221 Mike St, have been sold.

This represents a 50% increase in duplexes sales when compared to the previous 12 months.

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