$400,000 for Sale
300 hibiscus drive, sanford, FL 32773
| Beds 5 | Baths 3 | 1,350 Sqft | 0.21 Acres |
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Property Description
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!
General Information
Sale Price: $400,000
Price/SqFt: $296
Status: Active
MLS#: O6266820
City: sanford
Post Office: sanford
County: Seminole
Subdivision: flora heights
Acres: 0.21
Lot Dimensions: 140 x 58
Bedrooms:5
Bathrooms:3
House Size: 1,350 sq.ft.
Acreage: 0.21 est.
Year Built: 1926
Property Type: Triplex
Style:
Features & Room Sizes
Paved Road: Paved
Garage: No
Construction: Wood Frame
Exterior Misc: Other
Basement: No
Foundation : Crawlspace
Cooling: Central Air
Heating: Central
Waste: Septic Tank
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $3,234
Legal Description: W 100 FT OF LOT B + E 1/2 OF VAC ST ON W FLORA HEIGHTS PB 3 PG 19
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the 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. Listing By: Dustin Klath of PREFERRED REAL ESTATE BROKERS, Phone: 407-440-4900
