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318 S Palmetto Avenue, Sanford, FL 32771 (MLS # O6245237)

Price $1,577,700
Status Active
Beds 9
Baths 9 Baths
Home size 6,112 sqft
Lot Size 14,811 sqft
Days on Market 5
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, award winning 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. THREE OF THE UNITS ARE FURNISHED with higher rental rates. Several rents are lower than market value because long term of amazing tenants. There is an unfinished 10th unit. This is a Terrific opportunity to own an Income Property in the Heart of Historic Sanford, A MUST SEE!
Property Type(s): Multi Family
Last Updated 11/18/2024 Tract SANFORD TOWN OF
Year Built 1901 Community 32771 - Sanford/Lake Forest
County Seminole

Additional Details

AIR Central Air, Other, Wall/Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Electric Water Heater, Range, Refrigerator
AREA 32771 - Sanford/Lake Forest
BASEMENT Crawl Space
EXTERIOR Balcony, Courtyard, Rain Gutters
HEAT Central, Other
INTERIOR Built-in Features, High Ceilings
LOT 0.34 acre(s)
LOT DESCRIPTION Corner Lot, Landscaped
SEWER Public Sewer
STORIES 2
SUBDIVISION SANFORD TOWN OF
TAXES 9211
UTILITIES Other
VIEW Yes
VIEW DESCRIPTION City, Garden
WATER Public
 

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Listing provided by Debbie Weaver, PREMIUM PROPERTIES REAL ESTATE, 407-380-2800
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 11/23/24 12:22 AM PST.

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