Sanford, FL 32773,300 HIBISCUS DR
Sanford, FL 32773,300 HIBISCUS DR
Sanford, FL 32773,300 HIBISCUS DR
Sanford, FL 32773,300 HIBISCUS DR
Sanford, FL 32773,300 HIBISCUS DR
Sanford, FL 32773,300 HIBISCUS DR
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$ 400,000
Est. payment | /mo

5 Beds

3 Baths

1,350 SqFt


$ 400,000
Est. payment | /mo

5 Beds

3 Baths

1,350 SqFt

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

HOA Y/N No

Originating Board Stellar MLS

Year Built 1926

Annual Tax Amount $3,233

Lot Size 9,147 Sqft

Acres 0.21

Lot Dimensions 140x58

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

Interior Features Ceiling Fans(s), Other, Thermostat

Heating Central

Cooling Central Air

Fireplace false

Laundry None

Exterior

Exterior Feature Other

Utilities Available Electricity Connected, Public

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Crawlspace

Lot Size Range 0 to less than 1/4

Sewer Septic Tank

Water Public

Structure Type Wood Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Stellar MLS
Listed by PREFERRED REAL ESTATE BROKERS
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300 HIBISCUS DR