12-Unit Multifamily — Sanford, FL
Under ContractSanford, FL · Seminole County · Multifamily
Overview
Well-maintained 12-unit multifamily property in downtown Sanford. The property features a desirable unit mix with recently renovated common areas. Current rents are approximately 15% below market, providing significant upside as units turn over. Strong rental demand in the Sanford submarket driven by population growth and proximity to employment centers.
Investment Highlights
12 units — strong unit mix (8 x 2BR, 4 x 1BR)
Recently renovated common areas
Below-market rents with upside at turnover
Walking distance to downtown Sanford
Upside Potential
Current rents average 15% below market. As units turn over, rents can be adjusted to market rate, projecting a 6.8% cap to 8.1% within 24 months.
Asking Price
$1,650,000
Cap Rate
6.8%
NOI
$112,200
Size
9,600 SF
