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301 S CEDAR AVE Sanford, FL 32771
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Key Details
Sold Price $810,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,760 sqft
Price per Sqft $119
Subdivision Sanford Town Of
MLS Listing ID O5935333
Sold Date 06/16/21
HOA Y/N No
Year Built 2007
Annual Tax Amount $6,422
Lot Size 0.720 Acres
Acres 0.72
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.
Location
State FL
County Seminole
Community Sanford Town Of
Zoning MR3
Interior
Heating Central
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Lighting, Sidewalk
Utilities Available Electricity Available, Public, Sewer Connected, Water Available
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Others
Senior Community Yes
Ownership Fee Simple
Special Listing Condition None
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Bought with STELLAR NON-MEMBER OFFICE