Downtown Sanford Bungalow

Downtown Sanford Bungalow

1 bed 1 bath 820 sq ft Built in 1925 Multi-family
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63
Quality of Comparables
Low High
15 /20
Level of Rehab
Heavy Light
18/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
4/20
School Rating
F A
4/10
Placement in Neighborhood
Busy Calm
6/10
Property Details

Full Renovation Opportunity Near Historic Downtown Sanford

This property presents a true blank-canvas opportunity for an investor looking to complete a full renovation from the ground up. The home needs a complete overhaul, including a new roof, HVAC, plumbing, electrical, subflooring, flooring, kitchen, bathroom, windows, drywall, interior and exterior paint, fixtures, doors and landscaping.

The renovation offers an opportunity to rebuild the home to today’s standards with an open and functional layout, durable laminate or luxury vinyl flooring, modern cabinetry, stone countertops, stainless-steel appliances, an updated bathroom and energy-efficient lighting, windows and mechanical systems. A fresh exterior color scheme, updated entryway and improved landscaping would also significantly strengthen its curb appeal.

The location is one of the property’s strongest selling points. It sits near Historic Downtown Sanford, the Lake Monroe waterfront, Sanford RiverWalk, local restaurants, breweries, parks and the historic Sanford Memorial Stadium. The surrounding area continues to benefit from redevelopment, newer construction and ongoing investment throughout Sanford.

The property also provides access to major Central Florida infrastructure, including State Road 46, U.S. 17-92, Interstate 4, SR 417, SunRail and the Sanford International Airport. This connectivity supports demand from buyers and renters commuting throughout Seminole County and the greater Orlando area.

With the right renovation plan, this property has the potential to be transformed from a distressed structure into an attractive modern home in an established area. This is best suited for an experienced investor or contractor prepared to complete a comprehensive renovation and capitalize on the continued growth surrounding Downtown Sanford.

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We recommend flip
Rental Income
$1,300 mo. / $15,600 yr.
Estimated Taxes
$2,200 / yr.
Maintenance
$200 / yr.
HOA Dues
$0 / yr.
$10,348
Projected Income
7.53%
Estimated APY
$27,650
Projected Income
17.03%
Estimated ROI

Comps

 
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