Active

318 S PALMETTO AVE

SANFORD FL, 32771

$1,577,700


$258.13 per sqft

Active

9 Beds

9 Baths

6,112 sqft

Multi-family

Built in 1901

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 long term of 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!

O6245237

MLS ID

November 19, 2024

Listed

November 22, 2024

Updated

Map

318 S PALMETTO AVE
SANFORD FL, 32771

Interior Features

Total Stories

2


Bedrooms

9


Total Bathrooms

9


Interior Features

Built-in Features, Ceiling Fans(s), High Ceilings, Solid Wood Cabinets, Window Treatments


Appliances

Electric Water Heater, Range, Refrigerator


Laundry Description

Other


Floor Description

Tile, Vinyl, Wood


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Other, Wall/Window Unit(s)


Heating

Yes


Heating Description

Central, Other

Exterior/Building Features

Lot Size

0.34 Acres


Exterior Features

Balcony, Courtyard, Irrigation System, Rain Gutters, Sidewalk


Lot Features

Corner Lot, Historic District, City Limits, Landscaped, Near Marina, Oversized Lot, Sidewalk


Roof

Metal, Shingle


Sewer

Public Sewer

Other Property Details

Area Name

32771 - Sanford/Lake Forest


Taxes

$9,211


Tax Frequency

Annually


Association Fee Frequency

Monthly


Garage

No


View

Yes


View Description

City, Garden


County

Seminole


Municipality

19


Water Source

Public


Pool

No


Zoning

SC3

Listed by PREMIUM PROPERTIES REAL ESTATE
Listing Contact: 407-380-2800 

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Data last updated 11/22/2024, 7:53 AM UTC

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