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509 W 11th Street, Sanford, FL 32771

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For Sale
Sale Pending

$300,000

2 beds • 1,080 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $277.78
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Under contract-accepting backup offers. Welcome to the epitome of mid-century modern charm in the heart of Historic Downtown Sanford's coveted golf cart district! This updated, turn-key duplex boasts two 1 Bedroom/1 Bath units and presents a great opportunity that s ideal for investors or those seeking a live-and-rent opportunity. Both units in the duplex were rented out short term on Airbnb, and have separate entrances with smart locks that automatically sync new passcodes for each guest. The first-floor unit was renovated in 2020 and boasts waterproof luxury vinyl flooring, a newer 53 gallon water heater (2020), new interior doors, and has generated $32,103 in gross rental income in 2023. While the second-floor unit was remodeled in 2019 and boasts vinyl flooring, stainless steel appliances, new cabinetry, an updated bathroom with tiled shower, a newer water heater (2019), and has generated $30,548 in gross rental income in 2023. Combined gross rental income in 2023 was $62,651. Please reach out directly for a full breakdown of 2023 earnings and expenses. The roof was replaced in 2018, and external breakers were recently installed for the lower and upper unit. The property consists of two separate electric meters and one water meter. The fully fenced in backyard has an additional storage shed and a back patio that was recently added (2019). General Commercial zoning may provide additional use possibilities! Situated a Short Distance from Downtown Historic Sanford, You Can Enjoy All Downtown has to offer -Restaurants, Breweries, Galleries, and the Marina. Bike and Golf Cart-Friendly Location. If You're Looking to Experience Small-Town Living in the Heart of the City, this duplex provides a Comfortable and Updated Space within the Charm of Sanford's Historic District. Whether you're an investor, looking for a potential income stream, or seeking a unique and stylish place to call home, this duplex will check all the boxes. Schedule a viewing today!
MLS# O6193973

Courtesy Of Preferred Real Estate Brokers

(407) 440-4900

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan, Garden
  • Appliances
    Microwave, Refrigerator
  • Architecture Style
    Other
  • Cooling System
    Window Unit(s) A/C
  • Exterior Type
    Wood Siding
  • Floor Covering
    Laminate, Tile, Vinyl
  • Lot Size
    0.14 Acres
  • Roof Type
    Composition Shingle
  • Rooms
    Bedroom

Map and Directions

Directions to 509 W 11th Street, Sanford, FL 32771

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CENTURY 21 Carioti

(407) 566-0555
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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