318 S Palmetto Ave Sanford, FL 32771

The Sirrine House, a historic building in the city, stands as the oldest hotel still present in Sanford. Converted into apartments in 1929, it is situated two blocks south of 1st Street and four blocks from Lake Monroe and the St. Johns Riverwalk. This apartment building, featuring nine units, is located on 0.34 acres in the heart of downtown. Eight units showcase refinished original hardwood floors, some wood doors with glass knobs, 10-foot ceilings, picture rails, and natural light and windows. Historic features include claw foot tubs, drain board kitchen sinks, and tin ceilings and walls, as well as built-in cabinets and wardrobes in the bedrooms. Porches and balconies with tree top views surround the building, and an outside paver patio area is available for residents under an oak tree. The property is located in a walking community with shops, restaurants, night spots with live music, and micro breweries. Updates to the building include re-piping, replaced metal roofs, refinished original hardwood floors, gutters, intellijack steal supports, a fire alarm panel, a cellular communicator, and a fire sprinkler system. The property has experienced occupancy with long-term tenants. Four of the units are furnished with higher rental rates. Several rents are lower than market value because of long term tenants. There is an unfinished 10th unit.