2503 Fogarty Avenue, Key West, FL 33040 (MLS# 584216)


$985,900
2503 Fogarty Avenue
Key West, FL 33040
MLS# 584216
5 beds  |  3 baths  |  1900 sqft


2503 Fogarty Avenue, Key West, FL 33040
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2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040 2503 Fogarty Avenue, Key West, FL 33040

Property Description
This Keys home is an incredible investment opportunity currently projecting gross annual rental income of $87,600. A multi-family home with two separate meters, two full kitchens, many options for income and personal use...perfect for customizing to your unique goals and personal plans for your Keys homeownership. Perfect opportunities for both long-term (annual) rental, monthly vacation rental, and owner occupation amongst the three units. The property includes a sunny private pool, a vast, fully-fenced yard with mature landscaping. Plenty of available parking out front and ample space throughout the fully fenced property for bikes, scooters, and storage.

Details
Maps
Contract Information
Current Price: $985,900
Listing Board: Key West Association
List Price: $985,900
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 2503
Street Name: Fogarty
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Key West Realty Cos Sub (3.0)
Mile Marker: 3
Area: 03 - Key West
KW Neighborhood: Midtown East
Side: Median
Flood Zone: AE
Alternate Key #: 1051128
Parcel #: 00050520-000000
Zoning: SF - Single Family
Deed Restrictions: Unknown
Legal: KW KW REALTY COS FIRST SUB PB1-43 LOT 2 SQR 43 TR 21 OR265-379/80 OR558-861 OR720-472D/C OR720-464/65 OR763-1245 OR976-2
Taxes: 3063.51
Tax Year: 2017
Pub Sewer HkUp: Yes
General Property Description
Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: No
Pool: Yes
Year Built: 1943
Total Units: 3
Lot SqFt: 5000
Acres: 0.11
Living Apx SqFt: 1900
SqFt Source: Seller
Total Bedrooms: 5
Full Baths: 3
Total Baths: 3
Rentals Allowed: With Restrictions
Min Rental Days: 30
Commission
Limitd Reprsntation: No
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Building Style
Above Flood: Unknown
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Vehicle Storage: Open Parking
Furnished: Furniture Negotiable
Cooling/Heating: Ceiling Fans; Central A/C; Ductless A/C
Porch/Balcony: Deck; Open Porch/Balcony; Patio
Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA; Other Sewer/Water; Water Separate Meter
Pre-Wired: Cable
Specialty Rooms: Loft
Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appl; Washer
Exterior Features: Fencing
Pool Info: In Ground
Construction: CBS
Windows/Doors: French Doors
Floor: Tile Floor
Roof: Metal Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional
Title: Negotiable
Supplements
The main unit in the back of the house is a 2 Bedroom, 1 Bathroom one-story layout with an upgraded kitchen. French doors open out to the pool area and the bathroom has an easy door out to the pool as well. The back unit has central AC and a new washer and dryer. The back unit has been rented as both a long-term rental and a vacation rental and consistently sees $42,000 per year ($3,500 per month) in gross revenue as a long-term rental. When rented as a vacation rental, monthly income ranges by month of the year. The front unit is a 2 Bedroom, 1 Bathroom one-story layout with a full kitchen, spacious living room, washer & dryer, and fenced in front yard. It is rented as a long-term rental and has been occupied consistently with no vacancies for many years. It currently sees gross rental revenue of $30,000/year ($2,500 per month) for the front unit, plus tenant pays utilities. The tower suite is a two-story studio-style loft apartment with a full bathroom and a closet. Accessed by sliding glass doors off of the back deck, this cozy suite is perfect for a casual owner lockout for owner stays or a long-term rental up to $15,600/year ($1300 per month). Don't miss this perfect opportunity for investment, personal use, or a lot of both.

Listing Office: Last Key Realty, Inc (KW)

Last Updated: April - 18 - 2019

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

Sunday 21st of April 2019 10:53 PM