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$1,150,000
1314 Virginia Street
Key West, FL 33040
MLS# 598194
3 beds  |  2 baths  |  1068 sqft


1314 Virginia Street, Key West, FL 33040
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Open House (01/22/2022 - 11:00 am - 5:00 pm)

Property Description
Opportunity Knocks on this Old Town Key West Duplex. Own a Classic Conch house with great earnings potential or restore it to a Grand Single Family home with lovely bonus Loft space in both units. Close to everything the island has to offer; Walk, Bike, or jog to Higgs Beach, Pickle Ball, Bocce and Tennis Courts. The Gourmet Markets, Beach Side Dinning, and The White Street Pier are nearby. Lots of On-Street Parking on this Wide Block across from the Bayview Park Green space with facilities for tennis, softball & basketball, plus a playground & picnic areas. Live 1 mile to Duval Street Night Life, Restaurants and Bars. Both units in this Duplex are currently rented (House Hacking; Tenants are paying the Mortgage). Current Minimum Gross for both Units is approximately $4,500. Rent maybe raised based on Rental Shortages in Key West. Desirable X Flood Zone; Windstorm approximately $3,000. Call for your Showing Opportunity.

Details
Maps
Contract Information
Current Price: $1,150,000
Listing Date: 2021-10-21
Listing Board: Key West Association
List Price: $1,150,000
As is Rght to Inspct: Yes
Species List: Yes
Location, Tax & Legal
Street #: 1314
Street Name: Virginia
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Off Shore Island: No
County: Monroe
Subdivision: Island City Sub (2.0)
Mile Marker: 2
Area: 03 - Key West
KW Neighborhood: Old Town-S of Truman
Marathon Neighborhood: N/A
Side: Median
Flood Zone: AE,0.2 PCT ANNUAL CH
Alternate Key #: 1035025
Parcel #: 00034110-000000
Zoning: HMDR - Historic Medium Density Residential
Deed Restrictions: Unknown
Legal: KW ISLAND CITY SUB PB 1-26 PT LOTS 7-9 SQR 2 TR 14 G13-15 OR172-548 OR517-796 OR658-556 OR755-838/39 OR1294-727/29 OR267
Taxes: 4871.02
Tax Year: 2020
Pub Sewer HkUp: Yes
General Property Description
Realtor.COM Type: Multi-family
Style: Duplex
Waterfront: No
Pool: No
Year Built: 1938
Total Units: 2
Lot SqFt: 2207
Acres: 0.05
Living Apx SqFt: 1068
SqFt Source: Tax Records
Total Bedrooms: 3
Full Baths: 2
Total Baths: 2
Rentals Allowed: With Restrictions
Remarks & Misc
Remarks – Consumer: Opportunity Knocks on this Old Town Key West Duplex. Own a Classic Conch house with great earnings potential or restore it to a Grand Single Family home with lovely bonus Loft space in both units. Close to everything the island has to offer; Walk, Bike, or jog to Higgs Beach, Pickle Ball, Bocce and Tennis Courts. The Gourmet Markets, Beach Side Dinning, and The White Street Pier are nearby. Lots of On-Street Parking on this Wide Block across from the Bayview Park Green space with facilities for tennis, softball & basketball, plus a playground & picnic areas. Live 1 mile to Duval Street Night Life, Restaurants and Bars. Both units in this Duplex are currently rented (House Hacking; Tenants are paying the Mortgage). Current Minimum Gross for both Units is approximately $4,500. Rent maybe raised based on Rental Shortages in Key West. Desirable X Flood Zone; Windstorm approximately $3,000. Call for your Showing Opportunity.
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Building Style
Above Flood: Unknown
Property Features
Fee Includes: None
Tax Exemptions: Homestead
Waterfront: None
Waterview: No Waterview
Dockage: None
Building Style: Conch; Shotgun
Utilities: FKAA
Appliances: Dishwasher; Dryer; Microwave; More Appliances; Oven; Refrigerator; Stainless Steel Appl; Washer
Construction: Other
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre

Listing Office: Keller Williams Key West Compass Realty

Last Updated: January - 22 - 2022

1314 Virginia Street, Key West, FL 33040 - MLS# 598194

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