Active

$1,477,700

Features:
  • 9 Bedrooms
  • 9 Bathrooms
  • 6112 sq ft
Overview
  • ID: MFRO6245237
  • Bedrooms: 9
  • Bathrooms: 9
  • Size: 6112 sq ft
Property Details
Remarks
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!
Financial Considerations
Price:
$1,477,700
HOA Fee:
N/A
Tax Amount:
$9211
Price per SqFt:
$241.77
Tax Legal Description:
S 3/4 OF LOT 5 + ALL LOTS 6 7 + 8 BLK 5 TR 2 TOWN OF SANFORD PB 1 PG 58
Exterior Features
Lot Size:
14742
Lot Features:
Corner Lot, Historic District, City Limits, Landscaped, Near Marina, Oversized Lot, Sidewalk
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Metal, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
9
Bathrooms:
9
Heating:
Central, Other
Cooling:
Central Air, Other, Wall/Window Unit(s)
Appliances:
Electric Water Heater, Range, Refrigerator
Furnished:
No
Floor:
Tile, Vinyl, Wood
Levels:
Two
Additional Features
Property Sub Type:
Multi-Family
Style:
N/A
Year Built:
1901
Construction Type:
Wood Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Courtyard, Irrigation System, Rain Gutters, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    318 S PALMETTO AVE
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