300 HIBISCUS DR new Save Request In-Person Tour Request Virtual Tour
Sanford,FL 32773
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,350 sqft
Price per Sqft $296
Subdivision Flora Heights
MLS Listing ID O6266820
Bedrooms 5
Year Built 1926
Annual Tax Amount $3,233
Lot Size 9,147 Sqft
Property Description
This CASH-FLOWING gem offers the perfect chance to own a FULLY OCCUPIED property with three well-maintained units, generating a steady income stream. With a total current rental income of $3,375/month, there's significant upside potential to further increase cash flow. One of the three units has already been FULLY REMODELED, and with some updates to the remaining two 2-bedroom units, you could easily raise the rent and maximize returns.
Recent updates make this an even more attractive investment: a BRAND-NEW ROOF was installed in 2023, along with a NEW SEPTIC DRAIN FIELD, ensuring long-term reliability. The property has also been enhanced with a NEW FENCE and FRESH EXTERIOR PAINT, adding curb appeal and increasing desirability for tenants.
While the charming tiny house shown in the photos is not included in the sale price, the owner is open to selling it separately. The tiny house is already connected to both electric and septic, making it an excellent opportunity to further boost monthly income by renting it out.
Located in Sanford, a vibrant city known for its rich history, picturesque waterfront, and growing community, this property offers both IMMEDIATE CASH FLOW and FUTURE GROWTH POTENTIAL. Sanford's historic downtown district, along with its proximity to major highways and the Orlando area, makes it a highly desirable location for tenants.
This property is a must-see for savvy investors looking to secure a stable income-producing asset with room for growth. Don't miss out on this opportunity to build your portfolio in one of Central Florida's up-and-coming areas!
Location
State FL
County Seminole
Community Flora Heights
Zoning SR1
Interior
Heating Central
Cooling Central Air
Laundry None
Exterior
Exterior Feature Other
Utilities Available Electricity Connected,Public
Roof Type Shingle
Building
Foundation Crawlspace
Sewer Septic Tank
Water Public
Structure Type Wood Frame
New Construction false
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None