$1,477,700
9 Bed
9 Bath
6,112
0.34 Acre Lot

318 S Palmetto Ave, Sanford, Florida 32771

  • Residential Income Property Type
  • 6,112 Square Footage
  • 1901 Year Built
Property 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. 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!

Basic Details
Residential Income
For Sale
O6245237
$1,477,700
City,Garden
9
9
6,112
1901
0.34 Acre
Active
Multi-Family
: Shingle, Metal
Features
: Central, Other
: Central Air, Other, Wall/Window Unit(s)
: Covered, Front Porch, Screened
: Irrigation System, Sidewalk, Rain Gutters, Balcony, Courtyard
: Vinyl, Tile, Wood
: High Ceilings, Ceiling Fans(s), Window Treatments, Solid Wood Cabinets, Built-in Features
: Other
: Public Sewer
: Other
: Blinds, Drapes
Appliances
: Range, Electric Water Heater, Refrigerator
Address Map
US
FL
Seminole
Sanford
SANFORD TOWN OF
32771
PALMETTO
318
AVENUE
W82° 44' 1.5''
N28° 48' 33.4''
I-4 TO SR 46 TOWARD HISTORIC SANFORD. GO 4 MILES IT TURNS INTO 1ST STREET. TURN RIGHT ON PALMETTO AVE AND TWO BLOCKS TO 318 S PALMETTO AVE IS ON THE RIGHT.
32771 - Sanford/Lake Forest
S
SC3
Additional Info
PREMIUM PROPERTIES REAL ESTATE
Debbie Weaver
$0
$0
Additional Information
: Wood Frame
: Crawlspace, Pillar/Post/Pier
: Two
: Sidewalk, Corner Lot, Landscaped, Oversized Lot, City Limits, Near Marina, Historic District
9
2024-11-19
1577700
https://www.propertypanorama.com/instaview/stellar/O6245237
: Public
Financial
9211
Listing Information
261081998
55171
Cash,Conventional,Owner Financing
Active
2025-02-03T23:13:07Z
Stellar
: None
2024-11-19T06:22:05Z
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Contact Agent
Contact Us
407-615-0866