$4,691
closing credit¹
300 Hibiscus Dr Sanford, FL 32773
Property details
About 300 Hibiscus Dr
This CASH-FLOWING gem offers the perfect chance to own a FULLY OCCUPIED property with three well-maintained units, generating a steady income stream. With a total current rental income of $3,375/month, there's significant upside potential to further increase cash flow. One of the three units has already been FULLY REMODELED, and with some updates to the remaining two 2-bedroom units, you could easily raise the rent and maximize returns. Recent updates make this an even more attractive investment: a BRAND-NEW ROOF was installed in 2023, along with a NEW SEPTIC DRAIN FIELD, ensuring long-term reliability. The property has also been enhanced with a NEW FENCE and FRESH EXTERIOR PAINT, adding curb appeal and increasing desirability for tenants. While the charming tiny house shown in the photos is not included in the sale price, the owner is open to selling it separately. The tiny house is already connected to both electric and septic, making it an excellent opportunity to further boost monthly income by renting it out. Located in Sanford, a vibrant city known for its rich history, picturesque waterfront, and growing community, this property offers both IMMEDIATE CASH FLOW and FUTURE GROWTH POTENTIAL. Sanford’s historic downtown district, along with its proximity to major highways and the Orlando area, makes it a highly desirable location for tenants. This property is a must-see for savvy investors looking to secure a stable income-producing asset with room for growth. Don’t miss out on this opportunity to build your portfolio in one of Central Florida’s up-and-coming areas!
Highlights
Virtual tour
Summary
- MLS Number: O6266820
- MLS Name: MFRMLS
- Office Name: PREFERRED REAL ESTATE BROKERS
- Office Phone: (407) 440-4900
- Listing Agent: Dustin Klath
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Last updated on: 1/30/2025, 10:49:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$395,000
300 Hibiscus Dr
$4,691
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 24, 2023 | Home Sold | $255,000 |
| Sep 09, 2020 | Home Sold | $173,714 |
| Jun 07, 2019 | Home Sold | $71,000 |
| Nov 19, 2018 | Home Sold | $25,000 |
| Jan 21, 1998 | Home Sold | $25,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $161,307 | $2,584 |
| 2022 | $150,926 | $2,387 |
| 2021 | $114,631 | $2,387 |
| 2020 | $55,771 | $1,024 |
| 2018 | $28,450 | $64 |
| 2017 | $27,865 | $54 |
History based on county public records data.
Nearby schools
2
Pine Crest Elementary Magnet School
Public Magnet KG-5
0.7 mi
•405 W 27th St
3
Wicklow Elementary School
Public Magnet KG-5
1.9 mi
•100 Placid Lake Dr
7
Goldsboro Elementary Magnet
Public Magnet PK-5
2.1 mi
•1300 W 20th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $56,052. Most Sanford, FL residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Horse Races
Basketball
Pro Boxing
Where do the neighbors shop?
Stein Mart
Ross Dress For Less
Family Dollar
Where do the neighbors go to eat?
LongHorn Steakhouse
Jasons Deli
White Castle
What do the neighbors drive?
Buick
Acura
Chevrolet
What do the neighbors listen to?
Contemporary Inspirational
Rhythmic Contemporary Hits
Rock
This home is located at 300 Hibiscus Dr in Sanford, FL and zip code 32773 in the Flora Heights neighborhood. This 1,350 square foot home, which was built in 1926, sits on a 0.21 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 27, 2024 and is currently priced at $395,000.
While more than 13 listings in Sanford, FL in December 2024 were sold above asking price, there were more than 18 listings sold at asking price, and more than 58 were sold below. The number of listings in Sanford, FL decreased by 5.6% between November and December 2024. Listings spent 61 days on the market in December 2024, and had a median list price of $365,000 during the same period.