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318 S Palmetto Avenue, Sanford, FL 32771

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For Sale

$1,477,700

9 beds • 6,112 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • $241.77
    Price per square foot

  • Over 50 Years Old
    Age

Explore 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, 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. 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!
MLS# O6245237

Courtesy Of Premium Properties Real Estate Services

(407) 380-2800

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan, Security System, Security System
  • Appliances
    Range, Refrigerator
  • Architecture Style
    Other
  • Floor Covering
    Tile, Vinyl, Wood
  • Lot Size
    0.34 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 318 S Palmetto Avenue, Sanford, FL 32771

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† 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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