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300 Hibiscus Drive

Sanford, FL 32773

5 beds
3 baths
1,350 sqft
9,148 sqft lot
$292 per sqft
1926 build
– on site

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!

Listing courtesy of STELLAR_MLS / PREFERRED REAL ESTATE BROKERS

Last checked: Checking… • Last updated Jan 26, 2025 •

MLS# O6266820 —

The Building

Year Built:

1926
New Construction:

false
Construction Materials:

Wood Frame
Levels:

One
Roof:

Shingle
Foundation Details:

Crawlspace
# of Buildings:

1
Building Area Total:

1358
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ceiling Fan(s)
Fireplace:

false

Room Dimensions

Living Area:

1350
Living Area Units:

Square Feet
Living Area Source:

Owner

Location

Directions:

417 to E Airport Blvd, Right on Sanford Ave, Right on Hibiscus Dr, Property on the right
Latitude:

28.769516
Longitude:

-81.265977
Coordinates:

-81.265977, 28.769516

The Property

Parcel Number:

122030503000000B0
Property Type:

Residential Income
Property Subtype:

Triplex
Lot Size Acres:

0.21
Lot Size Area:

9148
Lot Size SqFt:

9148
Lot Size Dimensions:

140 x 58
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

SR1
View:

false
Exterior Features:

Other
Water Source:

Public
Road Surface Type:

Paved
Flood Zone Code:

x
Additional Parcels:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

B
Tax Legal Description:

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

3-19
Tax Annual Amount:

3233.57

Beds

Bedrooms Total:

5

Baths

Total Baths:

3

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/O6266820
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Electricity Connected
Sewer:

Septic Tank

Appliances

Laundry Features:

None

The Community

Subdivision Name:

FLORA HEIGHTS
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Spa:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Spectrum

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
1/26/25 Jan 26, 2025	Price Changed	STELLAR_MLS	$395,000	-1.3%
12/27/24 Dec 27, 2024	Listed / Active	STELLAR_MLS	$400,000	56.9% (33.9% / YR)
4/24/23 Apr 24, 2023		STELLAR_MLS	$255,000	13.3%

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This multifamily located in South Pinecst, Sanford, FL 32773 is currently for sale for $395,000. 300 Hibiscus Drive is a 1,350 square foot multifamily with 5 beds and 3 baths that has been on Estately for 36 days. 300 Hibiscus Drive is in the South Pinecst neighborhood of Sanford and has a WalkScore® of 18, making it car-dependent.

Listing Courtesy of: STELLAR_MLS and PREFERRED REAL ESTATE BROKERS.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.