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318 S Palmetto Avenue

Sanford, FL 32771

9 beds
9 baths
6,112 sqft
14,742 sqft lot
$258 per sqft
1901 build
– on site

The Sirrine House is one of the most Historic buildings in the city. It is the oldest hotel still standing in Sanford. It was converted to apartments in 1929. It's located just 2 blocks south of 1st Street and 4 from beautiful Lake Monroe and the St Johns Riverwalk. This 9/10 unit apartment building is loaded with History and Charm on .34 acres in the heart of Downtown. Eight units have refinished original hardwood floors, some wood doors with glass knobs, many boast 10 foot ceilings, picture rails and plenty of natural light and windows. Other historic features include, claw foot tubs, drain board kitchen sinks, tin ceilings and walls. Also, built in cabinets and wardrobes in the bedrooms. There are porches and balconies with tree top views surrounding the building. There is an outside paver patio area for residents to use under the beautiful oak tree. What’s not to love about Historic Sanford! It’s an amazing walking community with unique shops, award winning restaurants, so many night spots with live music and micro breweries. The building has many updates: Re-piped, metal roofs replaced, refinished original hardwood floors, gutters, intellijack steal supports, fire alarm panel, cellular communicator, fire sprinkler system and on going repairs and maintenance. Over the years the property has experienced excellent occupancy and many long-term tenants with rents received on or before the 1st of the month. THREE OF THE UNITS ARE FURNISHED with higher rental rates. Several rents are lower than market value because long term of amazing tenants. There is an unfinished 10th unit. This is a Terrific opportunity to own an Income Property in the Heart of Historic Sanford, A MUST SEE!

Listing courtesy of STELLAR_MLS / PREMIUM PROPERTIES REAL ESTATE

Last checked: Checking… • Last updated Dec 6, 2024 •

MLS# O6245237 —

The Building

Year Built:

1901
New Construction:

false
Construction Materials:

Wood Frame
Levels:

Two
Roof:

Metal
Foundation Details:

Crawlspace
Window Features:

Blinds
Patio And Porch Features:

Covered
Security Features:

Fire Alarm
# of Buildings:

1
Building Area Units:

Square Feet

Interior

Interior Features:

Built-in Features
Flooring:

Tile
Fireplace:

false

Room Dimensions

Living Area:

6112
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

I-4 TO SR 46 TOWARD HISTORIC SANFORD. GO 4 MILES IT TURNS INTO 1ST STREET. TURN RIGHT ON PALMETTO AVE AND TWO BLOCKS TO 318 S PALMETTO AVE IS ON THE RIGHT.
Latitude:

28.809271
Longitude:

-81.26626
Coordinates:

-81.26626, 28.809271

The Property

Parcel Number:

2519305AG05020060
Property Type:

Residential Income
Property Subtype:

Multi Family
Property Condition:

Completed
Lot Features:

Corner Lot
Lot Size Acres:

0.34
Lot Size Area:

14742
Lot Size SqFt:

14742
Lot Size Units:

Square Feet
Total Acres:

1/4 to less than 1/2
Zoning:

SC3
View:

City
View:

true
Exterior Features:

Balcony
Water Source:

Public
Green Water Conservation:

Irrigation-Reclaimed Water
Road Surface Type:

Asphalt
Flood Zone Code:

X
Flood Zone Panel:

12117C0070F
Additional Parcels:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

5
Tax Block:

5
Tax Legal Description:

S 3/4 OF LOT 5 + ALL LOTS 6 7 + 8 BLK 5 TR 2 TOWN OF SANFORD PB 1 PG 58
Tax Book Number:

1-58
Tax Annual Amount:

9211

Beds

Bedrooms Total:

9

Baths

Total Baths:

9

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/O6245237
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Other
Sewer:

Public Sewer

Appliances

Appliances:

Electric Water Heater
Laundry Features:

Other

The Community

Subdivision Name:

SANFORD TOWN OF
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

9

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
11/20/24 Nov 20, 2024	Listed / Active	STELLAR_MLS	$1,577,700

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This multifamily located in Georgetown Historic District, Sanford, FL 32771 is currently for sale for $1,577,700. 318 S Palmetto Avenue is a 6,112 square foot multifamily with 9 beds and 9 baths that has been on Estately for 32 days. 318 S Palmetto Avenue is in the Georgetown Historic District neighborhood of Sanford and has a WalkScore® of 89, making it very walkable. This multifamily is in the attendance area of Markham Woods Middle School.

Listing Courtesy of: STELLAR_MLS and PREMIUM PROPERTIES REAL ESTATE.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

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.