S. Laurel Ave., Sanford, FL 32771

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Here is a huge cash flow opportunity. It is Zoned CG-2 meaning “Transient residential facilities including hotels and motels, or residential care facilities are permitted uses in this zoning district”.

It is located in Downtown Sanford’s golf cart/brewery district and is a booming location with tons of nightlife.

The current house layout easily converts to a tri-plex, which would bring in $3,200+ gross income. Rehab to include converting back of property (1,300 SF)  into two efficiency apartments. Front of house (3/2 1,400 sqft) needs minor cosmetic repair.  Metal roof is good for years to come.

Sanford Historical District, No HOA

Est. Rehab: $30,000

Est. ARV: $275,000

Est. Monthly Rent: $3,200

Recent Area Sales / Activity:

• 703 S Palmetto Ave – 5/3, 2492 SF – Sold 9/25/18 for $210k
• 302 S Oak Ave – 5/4, 2756 SF – Pending for $324.9k
• 310 S Palmetto Ave – 4/3, 1980 SF – Sold 8/1/18 for $257k
• 718 S Oak Ave – 3/2.5, 2272 SF – Sold 8/17/18 for $280k
• 700 S Park Ave – 4/3, 2164 SF – Sold 11/15/18 for $360k