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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!
| DAYS ON MARKET | 2 | LAST UPDATED | 12/27/2024 |
|---|---|---|---|
| TRACT | FLORA HEIGHTS | YEAR BUILT | 1926 |
| COMMUNITY | 32773 - Sanford | COUNTY | Seminole |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 32773 - Sanford |
| BASEMENT | Crawl Space |
| EXTERIOR | Other |
| HEAT | Central |
| INTERIOR | Other |
| LOT | 9148 sq ft |
| LOT DIMENSIONS | 140x58 |
| SEWER | Septic Tank |
| STORIES | 1 |
| SUBDIVISION | FLORA HEIGHTS |
| TAXES | 3233.57 |
| UTILITIES | Electricity Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Dustin Klath, PREFERRED REAL ESTATE BROKERS, 407-440-4900
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/28/24 1:42 PM PST.
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