Downtown Sanford Multi-Zoned Historic Home Commercial & Residential only $209,000 Assigned

  • $209,000
  • 2 beds
  • 2 baths
  • 2,203 sqft

Get in on the incredible hot market of Sanford located in the heart of the historic downtown district!

Don’t miss out on this easy update  great cash flow opportunity!


 

Work & Live in this historic beauty in Downtown Sanford!  Yes, you can WORK and LIVE here!

You’re going to love this one…especially at this price!

You’ll be walking distance to the Riverwalk, Restaurants, Farmer’s Market and local breweries!

 


 

This 1920 Craftsman-style home was beautifully renovated in 2005!  Home has been converted to a commercial building on the first floor!

Get all the perks of being in the Historic Distrait but not registered as a Historic Property

Property now consists of two legal bedrooms & two legal bathrooms, a large attached great room with one bathroom connected, additional large great room plus a full kitchen fully updated with granite countertops!

Property has public handicap accessible bathroom, two storage rooms attached to the building, two detached storage buildings, and a laundry room!

Property zoned commercial with residential use, driveway cannot be laid in the front due to the access restrictions per the county. 


 

Frist floor features original fireplace & original gorgeous hardwood flooring!

Many items are still here from its original:  hardwood floors, clawfoot tub, interior trim & doors, door hardware, exquisite crown molding, & brick piers!  

 


 

Featuring an enormous lot and located in historic part of Sanford but it is not an historic home!

This oversized lot offers majestic live oaks, fruit trees & palms!  Yard is fully fenced & has irrigation system!

Property is also equipped with ample parking (12 + spots plus handicap parking pads)

Building offers three access doors; two in the front, one in the back!

 


 

This property has very good rental performance history and projected income is even higher!

Property was previously a rental and could work for a landlord or investor- just needs a minor cleaned up! 

Its dual zoning enables you to choose to keep it residential and commercial

 


Income Area Comparable Properties

Income properties within half mile radius of our property are selling between $219,000 – $570,000   sourced MLS:  Research Backed Analysis


Our Rehab Calculator

Rehab Repair Estimate: Moderate

Rehab Repairs : Moderate! 

Recommended Repair Items:  Roof replacement;  Three (3) total AC units;  Replacement needed for 2 AC units;  ducting needs to be updated on one;  Flooring – replacement in back addition, & front addition; Exterior landscaping; exterior Siding cleaning

 


Property Specs

Property Specs:  The first floor features large room was an addition off of the kitchen;  the second floor houses the two bedrooms;  Original hardwood in the main living area and back addition has a legal bathroom could be a large master with a closet added;  Parking – car port in the back of the home and drive way; Electrical – updated electrical 2005 when the addition was added and permitted; Plumbing – plumbing updated in 2005 1st floor bathroom work done; Sewer – city sewer

Rental Zestimate:   Zillow estimates average monthly rent for this home to be averaging $1,995 per month  sourced  Zestimate 

Property Taxes:  2020 Taxes, Paid  $3,404.14   sourced  Property Appraiser

Neighborhood:  SANFORD TOWN OF (Not in Historic District)                   HOA fee:  None

Permits:   2020 Commercial Building Permit sourced  Permit Link

Property zoned commercial with residential use, driveway cannot be laid in the front due to the access restrictions per the county. 


Area Value Property Predictions: on the rise!

  • Home values in 32771 have increased 9.0 % (↑) over the past 12 months
  • Zillow predicts the home values in 32771 will increase 6.7% (↑) in the next year
  • This home is valued 19.3% higher (↑) than the typical home in 32771

Sourced Zillow:  Property Predictions


Multi-Zoned Area Comparables

Factual Research-Backed Analysis sourced PropStream:  COMPARABLES

Sourced PropStream:  Research Backed Analysis


Closing 4-9-21.  Property is occupied, to be vacant at Close

Property zoned commercial with residential use, driveway cannot be laid in the front due to the access restrictions per the county. 


 

This one will not last long…just like all of our deals!

We will sell this quick and painless just like all of our deals!…call Megan asap!   Always sold clear title!  

YOUR price $209,000 plus closing costs…cash or hard money buyers only, Realtors, add your fee on top!

We have this property under contract, and we are selling the contract.

 


Showing  Request: 

Call Megan 478-737-9311

DO NOT APPROACH PROPERTY…SHOWN STRICTLY BY APPOINTMENT ONLY.


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Price:
$209,000
Address:
1015 W 1st Street
Sanford, FL 32771
Square Feet:
2,203
Lot Size:
26,000
Bedrooms:
2
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1920
Const. Type:
Wood / Vinyl

Call 407-974-3270 for more details

Property Location