$1,577,700
318 S Palmetto Avenue Sanford, FL 32771
For Sale MLS# O6245237
9 beds 9 baths 6,112 sq ft Multi-family
Details for 318 S Palmetto Avenue
MLS# O6245237
Description for 318 S Palmetto Avenue, Sanford, FL, 32771
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!
Listing Information
Property Type: Residential, Multi Family
Status: Active
Bedrooms: 9
Bathrooms: 9
Lot Size: 0.34 Acres
Square Feet: 6,112 sq ft
Year Built: 1901
Stories: 2 Story
Construction: Wood Frame
Construction Display: New Construction
Subdivision: Sanford Town Of
Foundation: Crawlspace,Pillar/Post/Pier
Number Of Units Total: 9
County: Seminole
Construction Status: New Construction
Additonal Room Information
Laundry: Other
Interior Features
Appliances: Range, Refrigerator, Electric Water Heater
Flooring: Tile,Vinyl,Wood
Basement: Crawl Space
Doors/Windows: Blinds, Window Treatments, Drapes
Additional Interior Features: Wood Cabinets, Ceiling Fan(s), Window Treatments, Built-in Features, High Ceilings
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Other
Cooling: Other, Central Air, Ceiling Fan(s), Wall/Window Unit(s)
Heating: Other, Central
Exterior / Lot Features
Roof: Shingle, Metal
Lot View: City,Garden
Additional Exterior/Lot Features: Courtyard, Sprinkler/Irrigation, Balcony, Rain Gutters, Balcony, Covered, Front Porch, Screened, Corner Lot, Landscaped, City Lot, Oversized Lot, Historic District
Community Features
Community Features: Sidewalks
Security Features: Smoke Detector(s), Fire Alarm, Fire Sprinkler System
Unit Information
Unit 1 Units Total: 9
Unit 1 Actual Rent: 1450
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Driving Directions
I-4 TO SR 46 TOWARD HISTORIC SANFORD. GO 4 MILES IT TURNS INTO 1ST STREET. TURN RIGHT ON PALMETTO AVE AND TWO BLOCKS TO 318 S PALMETTO AVE IS ON THE RIGHT.
Financial Considerations
Terms: Cash,Conventional,Owner May Carry
Tenant Pays: Electricity
Tax/Property ID: 25-19-30-5AG-0502-0060
Tax Amount: 9211
Tax Year: 2023
Price Changes
| Date | Price | Change |
|---|---|---|
| 11/19/2024 12.27 AM | $1,577,700 |
A broker reciprocity listing courtesy: PREMIUM PROPERTIES REAL ESTATE
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 318 S Palmetto Avenue
Sales History
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|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 318 S Palmetto Avenue
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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