$405,000
$449,900
10.0%For more information regarding the value of a property, please contact us for a free consultation.
1,470 SqFt
SOLD DATE : 04/24/2023
Key Details
Sold Price $405,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,470 sqft
Price per Sqft $275
Subdivision Russells Add Fort Reed
MLS Listing ID O6096441
Sold Date 04/24/23
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 1947
Annual Tax Amount $3,605
Lot Size 1.600 Acres
Acres 1.6
Property Description
Prime investment opportunity! This Commercial zoned property has 1.6 acres with over 160' frontage on Sanford Ave and over 180' on Wylly Ave. Endless development possibilities for this incredible property that's only 7 minutes away from Historic Downtown Sanford. Included in this purchase are 2 single-family residences that are currently rented on a month-to-month lease. Both units have 2bd/1ba, the first has 832sf and it's rented for $800/month and the second has 638sf and it's rented for $600/month. The current Zoning C-2 allows for Amusement and recreational facilities, building and plumbing supplies, a car wash, a furniture warehouse with retail sales, hotels, and motels, marine sales and service, mobile home and recreational vehicle sales, outdoor advertising signs, parking garages, printing and bookbinding shops, automobile sales with no repair facilities, veterinary hospitals and kennels and more... with a traffic count of over 18k cars and growing this property poses great opportunities and upside.
Location
State FL
County Seminole
Community Russells Add Fort Reed
Zoning C-2
Interior
Heating Wall Furnance
Cooling Wall/Window Unit(s)
Flooring Other
Exterior
Utilities Available Public, Water Connected
Waterfront false
Roof Type Shingle
Building
Story 1
Entry Level One
Foundation Crawlspace
Lot Size Range 1 to less than 2
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Construction Status No Contingency
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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