Off market

Zestimate^®

$245,000

221 Mike St, Leesburg, FL 34748

4beds

1,656sqft

Quadruplex

Built in 1959

-- sqft lot

$245,000 Zestimate^®

$148/sqft

$1,243 Estimated rent

Home value

$245,000

$216,000 - $274,000

$1,243/mo

Zestimate^® history

Owner options

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$1,243/mo

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$1,243/mo

Rent Zestimate^®

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$1,745/mo

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$1,745/mo

Est. payment

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What's special

FULLY OCCUPIED QUADPLEX WITH PAYING TENANTS!! 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.

This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Heating

Forced air, Wall, Electric

Cooling

Central

Appliances

Included: Range / Oven, Refrigerator

Features

Flooring: Tile
Basement: None

Interior area

Structure area source: Public Records
Total interior livable area: 1,656 sqft

Property

Parking

Parking features: Off-street, On-street

Features

Levels: One
Patio & porch: Deck, Covered, Rear Porch
Exterior features: Stucco
Has view: Yes
View description: None

Lot

Size: 4,900 sqft
Dimensions: 50x98

Details

Parcel number: 251924060000000700
Zoning: R-3

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Foundation: Concrete Block
Roof: Asphalt

Condition

Completed
Year built: 1959

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Cable Connected, Sewer Connected, Water Connected

Community & neighborhood

Location

Region: Leesburg
Subdivision: LEESBURG J W LEES

Other

Other facts

Exterior Features: Fenced, Sidewalk
Levels: One
Tenant Pays: Electricity, Water, Sewer, Trash Collection
Utilities: Electricity Connected, Cable Connected, Sewer Connected, Water Connected
Appliances: Refrigerator, Range
Construction Materials: Stucco
Heating: Electric, Central, Wall Units / Window Unit
Building Area Source: Public Records
Patio And Porch Features: Deck, Covered, Rear Porch
Cooling: Central Air
Pets Allowed: Yes
Property Sub Type: Quadruplex
Property Type: Residential Income
Roof: Shingle
Additional Rooms: Family Room
Additional Parcels YN: 0
Fireplace YN: 0
Pool Private YN: 0
Water Access YN: 0
Water Extras YN: 0
Waterfront Feet Total: 0
Waterfront YN: 0
Water View YN: 0
Flood Zone Code: X
Living Area: 1656.00
Public Survey Section: 25
Year Built: 1959
Zoning: R-3
New Construction YN: 0
Garage YN: 0
Lease Term: 12 Months
Property Condition: Completed
Building Area Total: 2088.00
View: Trees/Woods
Flooring: Tile
Number Of Pets: 10+
Sewer: Public Sewer
Water Source: Public
Association Approval Required YN: 0
Available For Lease YN: 1
Minimum Lease: No Minimum
Homestead YN: 0
Lease Restrictions YN: 0
Lot Size Dimensions: 50x98
Subdivision Name: LEESBURG J W LEES
Tax Year: 2019
Foundation Details: Slab
Public Survey Range: 24E
Annual Expenses: 3119
Tax Legal Description: LEESBURG, J W LEES SUB E 1/2 OF LOT 7 ORB 5277 PG 2368
Total Acreage: 0 to less than 1/4
Parcel Number: 25-19-24-0600-000-00700
Tax Annual Amount: 1625.33
Tax Book Number: 2-21

Price history

Date	Event	Price
10/2/2024	Listing removed	$275,000$166/sqft
Source: Stellar MLS #O5966076 Report a problem
10/2/2023	Listing removed	--
Source: Stellar MLS #O5966076 Report a problem
10/15/2021	Sold	$275,000$166/sqft
Source: Public Record Report a problem
8/18/2021	Pending sale	$275,000+71.9%$166/sqft
Source: Stellar MLS #O5966076 Report a problem
10/15/2020	Listing removed	$160,000$97/sqft
Source: ALABAMA LLC #O5897823 Report a problem
10/8/2020	Listed for sale	$160,000+135.8%$97/sqft
Source: ALABAMA LLC #O5897823 Report a problem
5/10/2019	Sold	$67,842-29.7%$41/sqft
Source: Public Record Report a problem
4/18/2006	Sold	$96,500$58/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,040 +0.5%	$85,308
2024	$2,031 +2.3%	$85,308 +2.4%
2023	$1,985 +13.2%	$83,333
2022	$1,753 +20%	$83,333 +28.6%
2021	$1,461 +4.3%	$64,788 +10%
2020	$1,401 -13.8%	$58,898 -22.5%
2019	$1,625 +1.3%	$75,954
2018	$1,604	$75,954 +9.8%
2017	$1,604 +7.9%	$69,198
2016	$1,487 -1.3%	$69,198 +1.9%
2015	$1,507 +18%	$67,893 +1.8%
2014	$1,277 -3.9%	$66,707 -7.7%
2013	$1,329 -0.8%	$72,294
2012	$1,340 -2%	$72,294 -2.1%
2011	$1,367 -4.4%	$73,835 -3.3%
2010	$1,429 -4.8%	$76,326 -4.9%
2009	$1,502 -8.9%	$80,279 -9%
2008	$1,648 -3.7%	$88,189 -2.2%
2007	$1,712 +95.9%	$90,165 +109.9%
2006	$874 +30.3%	$42,954 +32.1%
2005	$670 +2.8%	$32,526
2004	$652 -2.7%	--
2003	$670 -0.1%	$31,536
2002	$671 +7.3%	$31,536 +2.4%
2001	$625 -2.2%	$30,794
2000	$640	$30,794