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318 Palmetto Avenue, SANFORD, FL 32771
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318 Palmetto Avenue
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  • MLS#: O6245237 ( Residential Income )
  • Street Address: 318 Palmetto Avenue
  • Viewed: 77
  • Price: $1,477,700
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1901
  • Bldg sqft: 0
  • Bedrooms: 9
  • Total Baths: 9
  • Days On Market: 229
  • Additional Information
  • Geolocation: 28.8093 / -81.2663
  • County: SEMINOLE
  • City: SANFORD
  • Zipcode: 32771
  • Subdivision: Sanford Town Of
  • Provided by: PREMIUM PROPERTIES R.E SERVICE
  • Contact: Debbie Weaver
  • 407-380-2800
  • mfrmls
  • DMCA Notice
  • 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. 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 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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Features
Appliances
  1. Electric Water Heater
  2. Range
  3. Refrigerator
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
  2. Other
  3. Wall/Window Unit(s)
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Balcony
  2. Courtyard
  3. Rain Gutters
  4. Sidewalk
Flooring
  1. Tile
  2. Vinyl
  3. Wood
Garage Spaces
  1. 0.00
Heating
  1. Central
  2. Other
Insurance Expense
  1. 0.00
Interior Features
  1. Built-in Features
  2. Ceiling Fans(s)
  3. High Ceilings
  4. Solid Wood Cabinets
  5. Window Treatments
Legal Description
  1. S 3/4 OF LOT 5 + ALL LOTS 6 7 + 8 BLK 5 TR 2 TOWN OF SANFORD PB 1 PG 58
Levels
  1. Two
Living Area
  1. 6112.00
Lot Features
  1. Corner Lot
  2. Historic District
  3. City Limits
  4. Landscaped
  5. Near Marina
  6. Oversized Lot
  7. Sidewalk
Area Major
  1. 32771 - Sanford/Lake Forest
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 25-19-30-5AG-0502-0060
Property Condition
  1. Completed
Property Type
  1. Residential Income
Roof
  1. Metal
  2. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2023
Tenant Pays
  1. Electricity
Township
  1. 19
Utilities
  1. Other
View
  1. City
  2. Garden
Views
  1. 77
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/O6245237
Water Source
  1. Public
Year Built
  1. 1901
Zoning Code
  1. SC3
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