318 S PALMETTO AVENUE

Sanford, FL 32771
$1,477,700
9 beds | 0.34 acres | #O6245237
For Sale

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 of long term, 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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  • Property Details
      • Interior:Built-in Features, Ceiling Fans(s), High Ceilings, Solid Wood Cabinets, Window Treatments
      • Bedrooms:9
      • View:City, Garden
      • Lot description:Corner Lot, Historic District, City Limits, Landscaped, Near Marina, Oversized Lot, Sidewalk
      • Exterior materials:Balcony, Courtyard, Irrigation System, Rain Gutters, Sidewalk
      • Acres:0.34
      • Property type:Multi-Family
      • Year built:1901
      • Foundation:Crawlspace, Pillar/Post/Pier
      • Sewer information:Public Sewer
      • Utility source:Public
      • Utility features:Other
      • Subdivision:SANFORD TOWN OF
      • County:Seminole
      • Original List Price:$1, 577, 700
      • Days on Market (Cumulative):77
      • Taxes annual:$9, 211
      • MLS #:O6245237
      • Cost:1477700
      • Property subtype:Multi-Family
      • MLS #:O6245237
      • Property condition:Completed

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Del Amo Realty

Last Updated: . Source: SMLS

Listing Courtesy
Listing Agent: Debbie Weaver
Listing Office: PREMIUM PROPERTIES REAL ESTATE

Del Amo RealtyReal Estate Group
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6.0%

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2.6%
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    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Del Amo Realty