FEATURES:
Investor Special in Central Florida. Perfect for a flip or as a buy-and-hold for long-term or short-term rentals. Located in a quiet Sanford neighborhood with no HOA and zoned within the Seminole County School District, this unique opportunity features two separate 2-bedroom, 1-bath single-family homes on one lot, totaling a functional 4-bedroom, 2-bath multifamily setup with one electric meter and one water meter. The property currently has long-term month-to-month tenants in place and has seen updates in recent years. The area shows strong demand for both rental strategies, with nearby short-term rental comps producing over $93K in annual gross income and long-term rentals reaching $3,000 per month. Just minutes from parks, shopping, dining, and major roadwaysand a short distance to Historic Downtown Sanford’s restaurants, breweries, galleries, marina, and golf-cart-friendly streets! This duplex blends small-town charm with strong income potential in a high-demand rental market.
REHAB:
This is an easy renovation, if you even want to change anything. The first home features a newer roof, while the second home’s roof is in solid working condition. Both units have HVAC systems approximately 18 months old, with ongoing maintenance and preventative updates already completed, including work to kitchens, flooring, and bathrooms. Current tenants are satisfied as-is, making this a stable income property from day one. However, for those targeting rent increases or the Airbnb market, light cosmetic updates to kitchens and bathrooms are recommended to maximize returns. Finish with fresh interior and exterior paint and light landscaping to elevate curb appeal. In a market where properties go under contract quickly and rental demand continues to climb, this is a versatile opportunity for immediate cash flow and long-term appreciation.
COMPS:
905 W 12th St, Sanford, FL 32771 – Sold for $360,000 – {Updated, 4Bd/2Ba, 1,144 sqft, Under Contract in 35 Days, Rented for $2,600/Mo}
509 W 11th St, Sanford, FL 32771 – Sold for $291,000 – {Updated, 2Bd/2Ba, 1,080 sqft, Under Contract in 8 Days, $93K Gross Airbnb Income}
1511 W 12th St, Sanford, FL 32771 – Sold for $260,000 – {Updated, 4Bd/2Ba, 1,454 sqft, Rented for $3,000/Mo}