301 S Cedar Avenue, Sanford, FL 32771

$849,000
6,760
SqFt
List Price
$849,000
Status
Active
Days on Market
9
MLS#
O5935333
Property Style
Multi-Family
Year Built
2007
Living Area
6,760
Lot Size
31,239
Acres
0.72
Total Acreage
1/2 to less than 1
Legal Subdivision Name
Sanford Town Of
MLS Area Major
Sanford/Lake Forest

Property Description

Investors!!! don't miss this one out, it's a one of a kind, 100% occupied, stable income property. The Mia's Apartments is a 7 multifamily units, built specially for senior living, age 62+. ( in few years restriction is lifted and can be rented for much more), It’s a well maintain Class-A one-story building, built in 2007 and features a concrete block construction, full kitchen, central a/c, and washer/dryer in each unit. Easy access concrete parking lot and well for the irrigation system. Each unit has separated electric meter and the building is connected to public water and sewer line. Mia’s apartments are conveniently located close to all shopping and restaurants and few blocks away from Central FL Hospital and I-4 Corridor that connects between the attractions of Orlando and Daytona Beach. The close by Lynx Buses & the SunRail provides public transportation for all Central Florida. This is an ideal investment for the investor that is looking for a STABLE and easy-to-self-manage property. Most tenants are on long term and Vacancy is never an issue here. Most of the tenant rents comes from the community service department.

Additional Information

Taxes
$6422
Annual Gross Income
69960
Community Features
No Deed Restriction
Zoning
MR3
Utilities
Electricity Available, Public, Sewer Connected, Water Available
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Block, Stucco
Exterior Features
Lighting, Sidewalk
Roof
Shingle
Foundation
Slab
Pool
No Pool
Housing for Older Persons
Yes
Flood Zone Code
X
Parcel ID
25-19-30-5AG-0511-0060
Legal Description
LOTS 6 TO 10 BLK 5 TR 11 TOWN OF SANFORD PB 1 PG 61

Mortgage Calculator

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Listing courtesy of FLORIDA REALTY INVESTMENTS.

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