NOT LISTED FOR SALE

401 S Franklin St Sebring, FL 33870

5 Beds
4 Baths
2,710 Sq Ft
7,405 Sq Ft Lot

Last Sold September 20, 2024

Last sale price $234,500 $87 Per Sq Ft

16 Days on Market

Highlights

  • Engineered Wood Flooring
  • No HOA
  • Central Heating and Cooling System

About This Home

As of September 2024

Prime Investment Opportunity in Sebring, FL! Unlock the potential of this fully rented duplex located in the heart of Sebring, FL. This property offers a unique opportunity for investors seeking immediate returns or flexibility in their investment strategy. Property Highlights:
Fully Rented Duplex: Each side features 2 bedrooms and 1 bath, providing a steady stream of rental income. Both units are approximately 850 square feet, offering comfortable living spaces for tenants.
Versatile Purchase Options: The seller is open to selling one half of the duplex, allowing for investment in either a single unit or the entire property based on your needs.
Modern Comfort: Enjoy a mix of tiled and carpeted floors, ensuring a blend of durability and coziness for tenants.
Prime Location: Situated close to all the amenities that Sebring has to offer, this property is ideally located to attract and retain renters. Easy access to shopping, dining, and recreational facilities enhances its appeal.
Investment Potential: With both units already rented, you can start earning income immediately. Plus, Sebring’s growing community offers potential for future appreciation.
Whether you’re looking to expand your real estate portfolio or start a new investment venture, this duplex presents a compelling opportunity. Don’t miss out on the chance to own a property with established rental income and flexible purchasing options. Tenants will need 24 hour notice to view the property. The site manager will assist in showing. Seller has 3 other Listings that are ideal for investments purposes as well, and will sell together: MLS #'s 306720, 306721 & 306719
All Measurements are approximate.

Last Agent to Sell the Property

Suzette Rhoades

RE/MAX REALTY PLUS License #3459887 Listed on: 07/26/2024

RE/MAX REALTY PLUS

Last Buyer's Agent

Jacqueline Vreeken

Hammock Realty License #3488339

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,551

Year Built

  • Built in 1930

Lot Details

  • 7,405 Sq Ft Lot
  • Zoning described as R3

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,710 Sq Ft Home
  • 2-Story Property
  • Single Hung Windows

Flooring

  • Engineered Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Parking

  • Driveway
  • On-Street Parking

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number S-29-34-29-070-1040-0012

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,551

Year Built

Built in 1930

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Road Surface Type: Paved
  • Directions: PROCEED SOUTH ON US HWY 27 AND LAKEVIEW DRIVE. TURN RIGHT ON LAKEVIEW DRIVE, TAKE A RIGHT ON S PINE, ANOTHER QUICK RIGHT ON POINSETTIA, S FRANKLIN IS ON YOUR RIGHT. THE ADJOINING PROPERTY, 1884 LAKEVIEW IS BEHIND 401 S FRANKLIN. BOTH PROPERTIES ARE ON SAME STRAP NUMBER.
  • Architectural Style: Two Story
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1930
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Flooring: Carpet, Laminate, Simulated Wood, Tile
  • Living Area: 2710.0
  • Window Features: Single Hung

Exterior Features

  • Pool Features: None
  • Construction Type: Frame
  • Patio And Porch Features: None
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

  • Parking Features: Driveway, On Street

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Additional Parcels Description: ,,
  • Parcel #: S-29-34-29-070-1040-0012
  • Zoning Description: R3
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3550.68
  • Tax Year: 2023
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/20/2024 09/20/24 Sold $234,500 0.0% $87 / Sq Ft
09/15/2024 09/15/24 Price Changed $234,500 -6.2% $87 / Sq Ft
08/12/2024 08/12/24 Pending -- -- --
07/26/2024 07/26/24 For Sale $250,000 0.0% $92 / Sq Ft
01/05/2023 01/05/23 Rented $750 0.0% --
12/19/2022 12/19/22 Price Changed $750 +7.1% $1 / Sq Ft
12/14/2022 12/14/22 For Rent $700 +12.0% --
03/16/2021 03/16/21 Rented $625 0.0% --
02/14/2021 02/14/21 Under Contract -- -- --
08/01/2018 08/01/18 For Rent $625 0.0% --
03/28/2017 03/28/17 Sold $120,000 -14.2% $72 / Sq Ft View Prior Sale
02/13/2017 02/13/17 Pending -- -- --
02/08/2017 02/08/17 For Sale $139,900 -- $84 / Sq Ft
Source: Heartland Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,922 $187,188 $12,500 $174,688
2024 $3,551 $180,020 $12,500 $167,520
2023 $3,551 $99,536 $0 $0
2022 $3,277 $153,527 $12,500 $141,027
2021 $3,052 $133,793 $7,500 $126,293
2020 $2,458 $82,504 $0 $0
2019 $2,113 $67,985 $0 $0
2018 $1,998 $57,384 $0 $0
2017 $2,182 $70,266 $0 $0
2016 $2,031 $60,588 $0 $0
2015 $1,895 $54,228 $0 $0
2014 $1,832 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland Association of REALTORS®

MLS Number: 306722

Heartland Association of REALTORS®

APN: S-29-34-29-070-1040-0012

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