1511 12Th StSanford, FL 32771

Property Details for 1511 12Th St

Property size (Sq ft)

1,509 SF

Property type

Apartment buildings

Description

This exceptional Sanford, Florida duplex presents a compelling investment opportunity. Located at 1511 W 12th St, 32771, in Seminole County, this completely renovated property boasts 1,509 square feet and offers two units, each a 2-bedroom, 1-bathroom layout. Each unit currently commands a monthly rent of $1,500, generating a total monthly income of $3,000. The property's strong financial performance is reflected in its impressive 11.02% capitalization rate and a net operating income (NOI) of $32,500. The asking price is $295,000, translating to a price per unit of $147,500 and a price per square foot of $195.49. Significant upgrades enhance the property's value and appeal, including a new roof (installed in 2020), a new HVAC system, a newer hot water heater, and brand-new insulation. The complete renovation was finished in 2024, ensuring modern amenities and reduced maintenance costs for the investor. This turnkey investment property is ready for immediate income generation and offers a strong return on investment in a desirable location. The property consists of one building and is categorized as an apartment building.

Location Insight

City

Sanford

County

Seminole

State

Florida

Latitude

28.8014

Longitude

-81.2844

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