1. Florida
  2. Sanford
  3. 300 HIBISCUS DRIVE
$375,000

300 HIBISCUS DRIVE, Sanford, FL 32773

  • 5 beds |
  • 3 baths |
  • 1,350 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1926
  • Property Lot Size Icon9,148sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $278/sqft
  • Property List Date Icon Listed 5 months ago

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!

Listing Status:
Active
Date Added:
December 27, 2024 at 06:00AM
Listing Office:
PREFERRED REAL ESTATE BROKERS : 407-440-4900
Listing Agent:
Dustin Klath : 407-808-6984
MLS ID:
O6266820
  • General: Ceiling Fan(s)OtherThermostat
  • Laundry: None
  • A/C: Central Air
  • Heating: Central

This listing courtesy of Dustin Klath, PREFERRED REAL ESTATE BROKERS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

P

Pine Crest Elementary Magnet School

405 W 27th St, Sanford, FL, 32773

Grades KG-5

0.66 miles away

S

Scps Consequence Unit

1151 E 28th St, Sanford, FL, 32773

Grades 6-12

0.83 miles away

S

Scps Consequence Unit

1151 E 28th St, Sanford, FL, 32773

Grades 6-12

0.83 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.