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318 S Palmetto Ave
For Sale $1,427,700 ($233.59 per Sq Ft)
$1,427,700 ($233.59 per Sq Ft)
- 9 Units
- 6,112 Sq Ft
- 14,742 Sq Ft
- Unknown Cap Rate
Description
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, 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. FOUR OF THE UNITS ARE FURNISHED with higher rental rates. Several rents are lower than market value because of long term, amazing tenants. There is an unfinished 10th unit. Owner Financing Available with qualified buyer. This is a Terrific opportunity to own an Income Property in the Heart of Historic Sanford, A MUST SEE!
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,427,700 |
| Property Type | Multi-Family |
| Usable Sqft | 6,112 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1901 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2519305AG05020060 |
| MLS # | O6245237 |
| Property ID | 307962552 |
| Lot Sqft | 14,742 |
| Zoning | SC3 |
| Total Units | 9 |
| Days on Market | 454 |
| Original List Price | $1,577,700 |
| Applicances | Electric Water Heater, Range, Refrigerator% |
| Date Updated | February 06, 2026 |
| Date Created | November 19, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Debbie Weaver an agent of .
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of February 06, 2026 The information being provided is 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.
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Robert Crawford
REAL ESTATE AGENT