318 Palmetto Avenue, SANFORD, FL 32771
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Priced at Only: $1,577,700
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Address: 318 Palmetto Avenue, SANFORD, FL 32771
Property Location and Similar Properties
- MLS#: O6245237 ( Residential Income )
- Street Address: 318 Palmetto Avenue
- Viewed: 5
- Price: $1,577,700
- Price sqft: $0
- Waterfront: No
- Year Built: 1901
- Bldg sqft: 0
- Bedrooms: 9
- Total Baths: 9
- Days On Market: 36
- Additional Information
- Geolocation: 28.8093 / -81.2663
- County: SEMINOLE
- City: SANFORD
- Zipcode: 32771
- Subdivision: Sanford Town Of
- Provided by: PREMIUM PROPERTIES REAL ESTATE
- Contact: Debbie Weaver
- 407-380-2800
- DMCA Notice
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DescriptionThe 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. Whats not to love about Historic Sanford! Its 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!
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- Home Insurance $
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Features
Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Balcony, Courtyard, Irrigation System, Rain Gutters, Sidewalk
- Flooring: Tile, Vinyl, Wood
- Living Area: 6112.00
- Roof: Metal, Shingle
Property Information
- Property Condition: Completed
Land Information
- Lot Features: Corner Lot, Historic District, City Limits, Landscaped, Near Marina, Oversized Lot, Sidewalk
Garage and Parking
- Garage Spaces: 0.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air, Other, Wall/Window Unit(s)
- Heating: Central, Other
- Sewer: Public Sewer
- Utilities: Other
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Net Operating Income: 0.00
- Tax Year: 2023
Rental Information
- Tenant Pays: Electricity
Other Features
- Appliances: Electric Water Heater, Range, Refrigerator
- Country: US
- Interior Features: Built-in Features, Ceiling Fans(s), High Ceilings, Solid Wood Cabinets, Window Treatments
- Legal Description: S 3/4 OF LOT 5 + ALL LOTS 6 7 + 8 BLK 5 TR 2 TOWN OF SANFORD PB 1 PG 58
- Levels: Two
- Area Major: 32771 - Sanford/Lake Forest
- Occupant Type: Tenant
- Parcel Number: 25-19-30-5AG-0502-0060
- View: City, Garden
- Zoning Code: SC3
Nearby Subdivisions