300 Hibiscus Drive, SANFORD, FL

$395,000

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5

Beds

3

Baths

1,350

Square feet

0.21

Acres

About 300 Hibiscus Drive

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!

Features of 300 Hibiscus Drive

MLS® # O6266820
Price $395,000
Bedrooms 5
Bathrooms 3.00
Square Footage 1,350
Acres 0.21
Year Built 1926
Type Residential Income
Sub-Type Triplex
Status Active

Community Information

Address 300 Hibiscus Drive
Area Sanford
Subdivision FLORA HEIGHTS
City SANFORD
County Seminole
State FL
Zip Code 32773

Amenities

Is Waterfront No
Has Pool No

Interior

Interior Features Ceiling Fans(s), Other, Thermostat
Heating Central
Cooling Central Air
Fireplace No

Exterior

Exterior Features Other
Roof Shingle
Foundation Crawlspace

Additional Information

Date Listed December 27th, 2024
Days on Market 43
Zoning SR1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficePREFERRED REAL ESTATE BROKERS

Listing Map

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