Sanford| 810 E 25th St|Cheap Property $99,900 3 bd, 2.5 ba, 2213 sqft Contact Gene anytime at 407-781-7312

Investors Goldmine Property| Sanford| 810 E 25th St|Cheap Property

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$99,900 3 bd, 2.5 ba, 2213 sqft

Contact Gene anytime at 407-781-7312

810 E 25th St
Sanford FL 32771
Price: 99,900
ARV: 249K+
Bedroom: 3
Bath: 2.5
1 Car Garage
Ext Const: Frame
Built: 1901
Sqft: 2,213
Ppsf: 49.66
Tax/Yr: 2,735.00
Septic/Sewer: Sewer
HOA: n/a
County: Seminole
Avg Rent = 1,600/mo
Gross Rent ROI = 12.1%

Property Overview, the main reason that this is such an amazing deal is the land that this historic home sits on. It’s 1.34 acres of RMOI zoned land (Residential/Multi-family/Office/Industrial).  The only RMOI property that has sold in the entire city of Sanford in the last 12 months sold for 430K, and the office building directly across the street that sits on only 1/4 acre of RMOI land is listed for 200K. Conceivably one could renovate the existing structure to be utilized as an office building, while removing the detached garage, leaving two build-able lots, or, it could also be possible to demolish everything and then build for almost any purpose.

Property Features include, sturdy older roof, original wood floors, 10 foot tongue and groove ceilings, 10inch baseboard, two wood burning fireplaces, a well-preserved kitchen, nicely maintained bathrooms, and two sun rooms.  There is also a detached garage/workshop..

Rehab: 40k-60k
Roof, siding repairs, refinish floors, plaster repairs, kitchen and bath updates, and install central AC.

Rehab: 40k-60k
Roof, siding repairs, refinish floors, plaster repairs, kitchen and bath updates, and install central AC.

May 18, 2016

4 photos