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Patrick DeFeo

contactdefeo@gmail.com +1(941) 518-0708

$ 119,900

Est. payment -/mo

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700 E AIRPORT BLVD #A5 Sanford, FL 32773

1 Bed

1 Bath

726 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 726 sqft

Price per Sqft $165

Subdivision Sandlewood Condo

MLS Listing ID O6371429

Bedrooms 1

Full Baths 1

HOA Fees $275/mo

HOA Y/N Yes

Annual Recurring Fee 3300.0

Year Built 1973

Annual Tax Amount $1,834

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Condominium

Source Stellar MLS

New Construction false

Property Description

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.

Location

State FL

County Seminole

Community Sandlewood Condo

Area 32773 - Sanford

Zoning MR3

Interior

Interior Features Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Other

Furnishings Unfurnished

Fireplace false

Appliance Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Washer

Laundry Other

Exterior

Exterior Feature Balcony

Parking Features Open

Community Features Pool

Utilities Available BB/HS Internet Available, Cable Available, Electricity Available, Water Available

Amenities Available Pool

Roof Type Shingle

Garage false

Private Pool No

Building

Story 2

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Unit Floor 2

Structure Type Block

New Construction false

Others

Pets Allowed Yes

HOA Fee Include Pool

Senior Community No

Ownership Condominium

Monthly Total Fees $275

Acceptable Financing Cash, Conventional, VA Loan

Membership Fee Required Required

Listing Terms Cash, Conventional, VA Loan

Num of Pet 1

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6371429

Listed by Freddie Crespo INVESTOR'S REAL ESTATE LLC

Patrick DeFeo

Agent | CQ266503493

+1(941) 518-0708

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Patrick DeFeo

700 E AIRPORT BLVD #A5 Sanford, FL 32773

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700 E AIRPORT BLVD #A5