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300 Hibiscus Drive
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PRICED AT ONLY: $400,000

Address: 300 Hibiscus Drive, SANFORD, FL 32773

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. Sanfords 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. Dont miss out on this opportunity to build your portfolio in one of central floridas up and coming areas!
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  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
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  • MLS#: O6266820 ( Residential Income )
  • Street Address: 300 Hibiscus Drive
  • Viewed: 4
  • Price: $400,000
  • Price sqft: $295
  • Waterfront: No
  • Year Built: 1926
  • Bldg sqft: 1358
  • Bedrooms: 5
  • Total Baths: 3
  • Days On Market: 14
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other
  • Living Area: 1350.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Net Operating Income: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Interior Features: Ceiling Fans(s), Other, Thermostat
  • Legal Description: W 100 FT OF LOT B + E 1/2 OF VAC ST ON W FLORA HEIGHTS PB 3 PG 19
  • Levels: One
  • Area Major: 32773 - Sanford
  • Occupant Type: Tenant
  • Parcel Number: 12-20-30-503-0000-00B0
  • Zoning Code: SR1
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  1. Baths: 16
  2. Approx. 2022 sqft
  1. MLSID: O6252258
  2. Provided by RE/MAX 200 REALTY
  3. Contact Hazel Sun
  4. mfrmls
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  1. Broker IDX Sites Inc.
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Broker IDX Billing System