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300 Hibiscus Drive, Sanford, FL 32773

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For Sale

$400,000

5 beds • 1,350 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $296.30
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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!
MLS# O6266820

Courtesy Of Preferred Real Estate Brokers

(407) 440-4900

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock, Ceiling Fan
  • Architecture Style
    Other
  • Heating System
    Central Furnace
  • Lot Size
    0.21 Acres

Map and Directions

Directions to 300 Hibiscus Drive, Sanford, FL 32773

Home seller CENTURY 21 Alton Clark

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Alton Clark

(407) 636-4637
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Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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