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Multi Family 5 bedrooms - FLORA HEIGHTS for Sale

300 HIBISCUS, SANFORD, FL 32773

Asking Price$385,000 Change Price$5,000

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  • Days on market:

    73 day(s)
  • Original Price:

    $400,000
  • Price per sqft:

    $285.19
  • Tax Legal Description:

    W 100 FT OF LOT B + E 1/2 OF VAC ST ON W FLORA HEIGHTS PB 3 PG 19
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Construction Type:

    Wood Frame
  • Roof:

    Shingle
  • Cooling Description:

    Central Air
  • Heating Description:

    Central
  • Interior Features:

    OtherCeiling Fan(s) Thermostat
  • Exterior Features:

    Other
  • Special Listing Conditions:

    None

Description

$385,000 • five bedroom(s) • living size area 1350 sqft

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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