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318 S Palmetto Avenue

Sanford, FL 32771
  • $1,577,700
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: O6245237
UPDATED: 31 min ago
$1,577,700
  • 9
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,112
    SQFT
  • $258
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1901
County:

School Ratings & Info

Description

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!

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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 2025-01-12T14:44:57.103.
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318 S Palmetto Avenue Sanford, FL 32771

  • Price: $1,577,700
  • Status: Active
  • On Site: 53 Days
  • Updated: 31 min ago
  • MLS #: O6245237
9
Beds
0
Baths
0
½ Baths
0.34
Acres
6,112
SQFT
$258
$/SQFT
1901
Built
Neighborhood:
Sanford Town Of
County:
Seminole
Area:
Sanford/Lake Forest
Property Description
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!
Exterior Features

Carport Yn No Construction Materials Wood Frame Exterior Features BalconyCourtyardIrrigation SystemRain GuttersSidewalk Foundation Details CrawlspacePillar/Post/Pier Lot Features Corner LotHistoric DistrictCity LotLandscapedNear MarinaOversized LotSidewalk Patio And Porch Features CoveredFront PorchScreened Pool Private Yn No Road Surface Type Asphalt Roof MetalShingle View CityGarden Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances Electric Water HeaterRangeRefrigerator Cooling Central AirOtherWall/Window Unit(s) Cooling YN Yes Fireplace Yn No Flooring TileVinylHardwood Heating CentralOther Heating YN Yes Interior Features Built-in FeaturesCeiling Fan(s)High CeilingsSolid Wood CabinetsWindow Treatments Laundry Features Other Levels Two Sewer Public Sewer Water Source Public Window Features BlindsDrapes

Property Features

Annual Net Income 110000 Association Yn No Cdd Yn No Est Annual Market Income 160000 Flood Zone Code X Garage Yn No Green Water Conservation Irrigation-Reclaimed Water Lease Considered YN Yes Listing Terms CashConventionalOwner May Carry New Construction Yn No Ownership Fee Simple Property Condition Completed Property Sub Type Multi Family Realtor Info As-IsCurrently LeasedList Agent is OwnerNo SignOwner Will Consider financing Security Features Fire AlarmFire Sprinkler SystemSmoke Detector(s) Senior Community Yn No Special Listing Conditions None Tax Annual Amount 9211 Total Annual Fees 0 Total Monthly Fees 0 Utilities Other Zoning SC3


Listing information © 2025 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of PREMIUM PROPERTIES REAL ESTATE: 407-380-2800.



© 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 2025-01-12T14:44:57.103.
 
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