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$1,427,700
Original: $1,577,700
Active
318 S PALMETTO AVENUE
SANFORD, FL 32771 — SANFORD TOWN OF
10 Beds
10 Baths
6,112 sqft
0.34 acres
Built 1901
About This Property
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
Basics
- Property Type
- Residential Income
- Property Subtype
- Multi-Family 5+
- MLS Number
- O6245237
- Days on Market
- 460
- Year Built
- 1901
- Levels
- Two
- Occupant Type
- Tenant
Size & Structure
- Living Area
- 6,112 sqft
- Lot Size
- 0.34 acres
- Lot Sq Ft
- 14,742 sqft
- Bedrooms
- 10
Interior
- Flooring
- Tile, Vinyl, Wood
- Appliances
- Electric Water Heater, Range, Refrigerator
- Interior Features
- Built-in Features, Ceiling Fans(s), High Ceilings, Solid Wood Cabinets, Window Treatments
- Laundry
- Other
- Windows
- Blinds, Drapes
- A/C
- Central Air, Other, Wall/Window Unit(s)
- Heating
- Central, Other
Exterior & Lot
- Exterior Features
- Balcony, Courtyard, Rain Gutters, Sidewalk
- Construction
- Frame
- Roof
- Metal, Shingle
- Foundation
- Crawlspace, Pillar/Post/Pier
- Patio/Porch
- Covered, Front Porch, Screened
- Lot Features
- Corner Lot, Historic District, City Limits, Landscaped, Near Marina, Oversized Lot, Sidewalk
- View
- City, Garden
Water & Pool
Community & HOA
- HOA
- No
- Security
- Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
Utilities & Systems
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Other
- Cooling
- Central Air, Other, Wall/Window Unit(s)
- Heating
- Central, Other
- Flood Zone
- X
Financial
- List Price
- $1,427,700
- Original Price
- $1,577,700
- Annual Taxes
- $12,274
- Tax Year
- 2023
- Listing Terms
- Cash, Conventional, Owner Financing
- Special Conditions
- None