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$3,199,000
Key West, FL 33040
MLS# 605794
3 beds | 6 baths | 6268 sqft
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Property Description
A rare investment opportunity to own a residential mixed-use property located in the heart of Old Town Key West PLUS adjacent vacant lot. Property consists of 2 residential units upstairs (2BD/1BA + 1BD/1BA) & 4 commercial units downstairs, each with a 1/2 bath. All commercial tenants have long term leases in place. Recently renovated from 2016-2019 building features all hurricane rated impact doors & windows & is located in the X Flood Zone. White Street is the fastest growing corridor in Key West, acting as a border of Old Town & New Town Key West. Within a a short bike ride or walking distance to many of Key Wests popular restaurants, beaches, museums, hotels & B&B's. This investment opportunity is not to be missed! Lots of possibilities - Live in one of the residential units and collect rent on the other 5 units, open your own business in one of the commercial units or rent out all 6 units! *Owner is a licensed Florida Realtor.
Details
Maps
Documents
Contract Information
Current Price: $3,199,000
Listing Date: 2023-06-27
Listing Board: Key West Association
List Price: $3,199,000
Location, Tax & Legal
Street #: 1200-1212
Street Name: White
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Gwynn Sub (1.0)
Mile Marker: 1
Area: 02 - Key West
KW Neighborhood: Old Town-S of Truman
Marathon Neighborhood: N/A
Side: Median
Flood Zone: X Flood Zone
Alternate Key #: 1033774
Add'l Parcel #2: 00033050-000000
Parcel #: 00033010-000000
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Deed Restrictions: Unknown
Legal: KW GWYNN SUB 0-195 PT LT 1 & PT LT 5 SQR 3 TR 13 H3-57 OR430-919 OR1072-126 OR1280-1505 OR1308-2333/34 OR1308-2336/38 O
Taxes: 14833
Tax Year: 2022
Pub Sewer HkUp: Yes
General Property Description
Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: No
Pool: No
Year Built: 1923
Lot SqFt: 8147
Lot Sqft Source: Property Data Card
Living Apx SqFt: 6268
SqFt Source: Property Data Card
Total Bedrooms: 3
Full Baths: 2
Half Baths: 4
Total Baths: 6
Rentals Allowed: Yes
Min Rental Days: 30
Remarks & Misc
Remarks – Consumer: A rare investment opportunity to own a residential mixed-use property located in the heart of Old Town Key West PLUS adjacent vacant lot. Property consists of 2 residential units upstairs (2BD/1BA + 1BD/1BA) & 4 commercial units downstairs, each with a 1/2 bath. All commercial tenants have long term leases in place. Recently renovated from 2016-2019 building features all hurricane rated impact doors & windows & is located in the X Flood Zone. White Street is the fastest growing corridor in Key West, acting as a border of Old Town & New Town Key West. Within a a short bike ride or walking distance to many of Key Wests popular restaurants, beaches, museums, hotels & B&B's. This investment opportunity is not to be missed! Lots of possibilities - Live in one of the residential units and collect rent on the other 5 units, open your own business in one of the commercial units or rent out all 6 units! *Owner is a licensed Florida Realtor.
Directions: White St. & Catherine St.
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Building Style
Above Flood: Unknown
Stories: 2 Stories
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Cooling: Central Air
Heating: Central
Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Appliances: Dryer; Microwave; Oven; Range; Refrigerator; Washer
Construction: Combo Construction
Windows/Doors: Aluminum Windows; Glass Doors; Impact Rstnce Doors; Impact Rstnce Window
Floor: Laminate; Tile
Roof: Combo Roof; Other Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; No Seller Finance
Property Map 
Listing Office: Truman & Co. (KW)
Last Updated: April - 15 - 2024
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Broker Attribution:
305-395-2360