300 HIBISCUS DRIVE SANFORD FL 32773 MLS #O6266820

300 HIBISCUS DRIVE
SANFORD, FL, 32773
$400,000
5 Beds
3 Baths
1,358 SqFt
0.21 Acres
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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!

Property Details

Price:
$400,000
MLS #:
O6266820
Status:
Active
Beds:
5
Baths:
3
Address:
300 HIBISCUS DRIVE
Type:
Multi Family
Subtype:
Triplex
Subdivision:
FLORA HEIGHTS
Neighborhood:
32773 – Sanford
City:
SANFORD
Listed Date:
Dec 27, 2024
State:
FL
Finished Sq Ft:
1,358
Total Sq Ft:
1,358
ZIP:
32773
Lot Size:
9,148 sqft / 0.21 acres (approx)
Year Built:
1926
Units:
3
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Schools

Interior

Cooling
Central Air
Heating
Central
Laundry Features
None

Exterior

Construction Materials
Wood Frame
Exterior Features
Other
Roof
Shingle

Financial

Tax Year
2024
Taxes
$3,234

Map

Community

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300 HIBISCUS DRIVE
SANFORD, FL