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300 Hibiscus Drive

Sanford, FL 32773
  • $390,000
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: O6266820
Price Reduced
UPDATED: 217 min ago
$390,000
  • 5
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,350
    SQFT
  • $289
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:
Area:

School Ratings & Info

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!

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© 2025 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2025-02-10T23:42:40.993.
www.homeinsarasotafl.com/homes/159051635
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300 Hibiscus Drive Sanford, FL 32773

  • Price: $390,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 217 min ago
  • MLS #: O6266820
5
Beds
0
Baths
0
½ Baths
0.21
Acres
1,350
SQFT
$289
$/SQFT
1926
Built
Neighborhood:
Flora Heights
County:
Seminole
Area:
Sanford
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!
Exterior Features

Carport Yn No Construction Materials Wood Frame Exterior Features Other Foundation Details Crawlspace Lot Size Dimensions 140 x 58 Pool Private Yn No Road Surface Type Paved Roof Shingle Spa YN No Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Building Area Total 1358 Cooling Central Air Cooling YN Yes Fireplace Yn No Heating Central Heating YN Yes Interior Features Ceiling Fan(s)OtherThermostat Laundry Features None Levels One Sewer Septic Tank Water Source Public

Property Features

Additional Lease Restrictions *Buyer to verify any leasing restrictions* Annual Net Income 40500 Association Approval Required Yn No Association Yn No Cdd Yn No Down Payment Resource Yes Flood Zone Code x Garage Yn No Lease Considered YN Yes Listing Terms CashConventional New Construction Yn No Ownership Fee Simple Property Sub Type Triplex Senior Community Yn No Special Listing Conditions None Tax Annual Amount 3233.57 Total Annual Fees 0 Total Monthly Fees 0 Utilities Electricity ConnectedPublic Zoning SR1


Listing information © 2025 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of PREFERRED REAL ESTATE BROKERS: 407-440-4900.



© 2025 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2025-02-10T23:42:40.993.
 
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