Property
Beds
1
Full Baths
1
1/2 Baths
None
Year Built
1973
Sq.Footage
726
Dreams Do Come True with this income-producing 1 bedroom, 1 bathroom condo in a prime Sanford location priced at $119,900 and already rented at $1,350 per month, generating $16,200 annually and delivering an impressive approximate 13.5% gross rent yield with a strong 7.4 GRM. The outstanding tenant would love to remain after the lease expires at the end of July 2026, providing built-in stability and immediate cash flow from day one. This unit is located in a spectacular low-HOA community known for its lush landscaping, meticulously maintained buildings and grounds, and an oversized community pool that creates a visually pleasing place to come home to every day. Inside, you’ll find newer luxury vinyl plank flooring throughout, a bright living room with a large window overlooking the covered front patio, a dining area and kitchen with newer refrigerator and white appliances, and the convenience of an in-unit washer and dryer. The bedroom features a ceiling fan and walk-in closet, while the bathroom includes a tub/shower combo with a recently resurfaced bathtub. Additional upgrades include a hot water heater only two years old, a brand new front door with smart keypad lock and LED lighting, and a new screen door. Conveniently located near 17-92, Hwy 417, and just minutes to I-4, with easy access to Lake Mary, shopping, restaurants, and entertainment, this is a rare opportunity for savvy investors seeking strong returns and future owner-occupants looking to own for less than today’s rental prices as rates come down.
Features & Amenities
Interior
-
Other Interior Features
Walk-In Closet(s)
-
Total Bedrooms
1
-
Bathrooms
1
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Construction Materials
Block
-
Other Exterior Features
Balcony
-
Parking
Open
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.1
-
Property Type
Residential
-
Property Sub Type
Condominium
Price
-
Sales Price
$119,900
-
Tax Amount
1834.0
-
Sq. Footage
726
-
Price/SqFt
$165
HOA
-
Association
Yes
-
Association Fee
$275
-
Association Fee Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Association Amenities
Pool
-
Foundation Details
Slab
-
Ownership
Condominium
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
NA
-
Water Source
Public
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Location
County
Seminole
Elementary School
Middle School
High School
Listing Courtesy of Freddie Crespo , INVESTOR'S REAL ESTATE LLC
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