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300 HIBISCUS DRIVE

Multi-family For Sale
$400,000

BTC: 4.16690019

ETH: 119.61436329

1 days
5 bds
1,350 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1926
Lot:
0.21 Acres
Heating:
Central
Price/sqft:
$296
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Ceiling Fan(s)

    • Other

    • Thermostat

    Bedrooms and bathrooms

    • Bedrooms: 5

  • Property

    • Levels: One

    • Exterior Features: Other

    Lot

    • Lot: 0.21 Acres

    Other Property Information

    • Parcel Number: 122030503000000B0

    • Zoning: SR1

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Electricity Connected

    • Public

  • Other financial information

    • Annual tax amount: $3,234

  • Source details

    • MLS ID: O6266820

    Other facts

    • Construction Materials: Wood Frame

    • Foundation Details: Crawlspace

    • Laundry Features: None

    • Living Area: 1350

    • Water Source: Public

    • Lot Size Dimensions: 140 x 58

    • Subdivision Name: FLORA HEIGHTS

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: PREFERRED REAL ESTATE BROKERS