318 S PALMETTO AVE, Sanford, FL 32771 - MLS#O6245237

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Lance Willard

lance@willardhometeam.com +1(727) 487-1894

$1,577,700

Est. payment - /mo

9 Beds

9 Baths

6,112 SqFt

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UPDATED:

11/19/2024 04:07 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,112 sqft

Price per Sqft $258

Subdivision Sanford Town Of

MLS Listing ID O6245237

Bedrooms 9

HOA Y/N No

Originating Board Stellar MLS

Year Built 1901

Annual Tax Amount $9,211

Lot Size 0.340 Acres

Acres 0.34

Property Description

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!

Location

State FL

County Seminole

Community Sanford Town Of

Zoning SC3

Interior

Interior Features Built-in Features, Ceiling Fans(s), High Ceilings, Solid Wood Cabinets, Window Treatments

Heating Central, Other

Cooling Central Air, Other, Wall/Window Unit(s)

Flooring Tile, Vinyl, Wood

Fireplace false

Appliance Electric Water Heater, Range, Refrigerator

Laundry Other

Exterior

Exterior Feature Balcony, Courtyard, Irrigation System, Rain Gutters, Sidewalk

Utilities Available Other

Waterfront false

View City, Garden

Roof Type Metal,Shingle

Porch Covered, Front Porch, Screened

Garage false

Private Pool No

Building

Lot Description Corner Lot, Historic District, City Limits, Landscaped, Near Marina, Oversized Lot, Sidewalk

Entry Level Two

Foundation Crawlspace, Pillar/Post/Pier

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Wood Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Owner Financing

Listing Terms Cash, Conventional, Owner Financing

Special Listing Condition None

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Listed by PREMIUM PROPERTIES REAL ESTATE

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Lance Willard

+1(727) 487-1894

Agent | slsl3384517

Agent slsl3384517

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