318 S PALMETTO AVE, SANFORD, FL, 32771
$1,427,700
Residential Income
|
Bedrooms
10
|
Bathrooms
10
|
Living Area
6,112 Sqft
|
Lot Size
14,742 Sqft
|
The Sirrine House is one of the most Historic buildings in the city. It is the oldest hotel still standing in Sanford. It was converted to apartments in 1929. It's located just 2 blocks south of 1st Street and 4 from beautiful Lake Monroe and the St Johns Riverwalk. This 9/10 unit apartment building is loaded with History and Charm on .34 acres in the heart of Downtown. Eight units have refinished original hardwood floors, some wood doors with glass knobs, many boast 10 foot ceilings, picture rails and plenty of natural light and windows. Other historic features include, claw foot tubs, drain board kitchen sinks, tin ceilings and walls. Also, built in cabinets and wardrobes in the bedrooms. There are porches and balconies with tree top views surrounding the building. There is an outside paver patio area for residents to use under the beautiful oak tree. What’s not to love about Historic Sanford! It’s an amazing walking community with unique shops, restaurants, so many night spots with live music and micro breweries. The building has many updates: Re-piped, metal roofs replaced, refinished original hardwood floors, gutters, intellijack steal supports, fire alarm panel, cellular communicator, fire sprinkler system and on going repairs and maintenance. Over the years the property has experienced excellent occupancy and many long-term tenants with rents received on or before the 1st of the month. FOUR OF THE UNITS ARE FURNISHED with higher rental rates. Several rents are lower than market value because of long term, amazing tenants. There is an unfinished 10th unit. Owner Financing Available with qualified buyer. This is a Terrific opportunity to own an Income Property in the Heart of Historic Sanford, A MUST SEE!
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRO6245237 | Year Built: | 1901 | |
| Appliances: | Electric Water Heater, Range, Refrigerator | Construction Materials: | Frame | |
| Cooling: | Central Air, Other, Wall/Window Unit(s) | Country: | US | |
| County Or Parish: | Seminole | Exterior Features: | Balcony, Courtyard, Rain Gutters, Sidewalk | |
| Flooring: | Tile, Vinyl, Wood | Foundation Details: | Crawlspace, Pillar/Post/Pier | |
| Green Water Conservation: | Irrigation-Reclaimed Water | Heating: | Central, Other | |
| Laundry Features: | Other | Levels: | Two | |
| Listing Agreement: | Exclusive Agency | Listing Terms: | Cash, Conventional, Owner Financing | |
| Lot Features: | Corner Lot, Historic District, City Limits, Landscaped, Near Marina, Oversized Lot, Sidewalk | Occupant Type: | Tenant | |
| Other Equipment: | Irrigation Equipment | Patio And Porch Features: | Covered, Front Porch, Screened | |
| Property Condition: | Completed | Property Sub Type: | Multi-Family 5+ | |
| Property Type: | Residential Income | Road Surface Type: | Asphalt | |
| Roof: | Metal, Shingle | Security Features: | Fire Alarm, Fire Sprinkler System, Smoke Detector(s) | |
| Sewer: | Public Sewer | Showing Requirements: | Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany, See Remarks, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Tenant Pays: | Electricity | |
| Utilities: | Other | View: | City, Garden | |
| Water Source: | Public | Window Features: | Blinds, Drapes | |
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