Neighborhood: 32771 - Sanford/lake Forest, Sanford Town Of
Property Taxes: $2,600
Attention All Investors!!
Here is one of the few remaining chances to invest in the fast-growing city of Sanford’s Special Commercial zoning area and in the desirable historic district.
This single-family home can be used for a multitude of purposes. Zoned SC-3 (Special use Commercial 3) it allows for both commercial and residential uses including mixed use. Highest and best use would be as income property multifamily rental or mixed commercial and residential.
The house is itself is a 4 bed, 2.5 bath, and a detached single car garage with a second floor 1 bed, 1 bath studio apartment. The garage can be converted to another studio apartment, adding an additional 340 sq ft of rentable space.
Major investments went into repairing all structural issues to the house resulting in a ***brand new, fully permitted ROOF, new AC ducts, most of the electrical, plumbing re-pipe, framing, and siding is almost complete.*** The house has the original hardwood floors, high ceilings and two gas fireplaces, and sits on brick paved streets.
The house is currently under construction and permitted with a full set of plans and has approval from the historic society. Its ready for your team to complete. Required would be drywall, paint, refinishing of floors, windows, appliances and fixtures, as well as the installation of two HVAC (units). ARV $550K+
Seller bought pre-covid, got stuck during the economic downturn and city closure, and now must let it go. Their loss is your financial gain!
Built in 1910, many great baseball players including Jackie Robinson and others used these homes as a temporary residence during training seasons. There is a tremendous amount of history withing these walls.
AVAILABLE: Survey, Approved Engineering Drawings, Permits, Roof Warranty.
*** Shown by appointment only. Waiver must be signed before entry. EZ to see quickly. *** Corner lot not included in this price but is available for sale. Also zoned SC-3 and can be developed with a home, townhomes, B&B, office or a combination!
Courtesy of: COLDWELL BANKER REALTY 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 by My Florida Regional MLS DBA Stellar MLS for consumer 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. Updated: 26th July, 2021 1:45 AM