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$1,950,000
Key West, FL 33040
MLS# 606312
8 beds | 5 baths | 1830 sqft
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Property Description
Investment opportunity in the heart of Old Town Key West, Florida—a strategically positioned Multi-Family Property. Comprising two buildings hosting five legal units, it presents a unique proposition for savvy investors. Building 1, CBS features a spacious 3BR/1BA unit strategically situated for optimal visibility along Truman Ave. Building 2 consists of four well-designed units: Unit A: 1BR/1BA Unit B: 1BR/1BA Unit C: 3BR/1BA Unit D: Studio with a bath on the second level. This investment opportunity aligns with the goals of both property investors and those seeking employee housing solutions. Invest confidently in this strategically positioned and income-generating Multi-Family Property in Old Town Key West, catering to the needs of both astute investors and those seeking employee housing solutions within the lively community.
Details
Maps
Contract Information
Current Price: $1,950,000
Listing Date: 2023-08-14
Listing Board: Key West Association
List Price: $1,950,000
Location, Tax & Legal
Street #: 928
Street Name: Truman
Street Suffix: Avenue
Unit #: 101
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Off Shore Island: No
County: Monroe
Subdivision: GG Watson 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: 0.2 PCT ANNUAL CHANC
Alternate Key #: 1031852
Parcel #: 00031070-000000
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Deed Restrictions: Unknown
Legal: KW G G WATSON SUB I-209 PT LOTS 2 & 3 SQR 2 TR 13 H2-372 OR972-544 OR964-2437 OR981-86 OR992-356 OR992-357/58 OR1056-12
Taxes: 7791.73
Tax Year: 2022
Pub Sewer HkUp: Yes
General Property Description
Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: No
Pool: No
Year Built: 1959
Total Units: 5
Lot Size: Buyer to verify
Lot SqFt: 3800
Lot Sqft Source: Property Data Card
Acres: 0.09
Living Apx SqFt: 1830
SqFt Source: Property Data Card
Total Bedrooms: 8
Full Baths: 5
Total Baths: 5
Floor Number: 2
Rentals Allowed: Yes
Min Rental Days: 28
Remarks & Misc
Remarks – Consumer: Investment opportunity in the heart of Old Town Key West, Florida—a strategically positioned Multi-Family Property. Comprising two buildings hosting five legal units, it presents a unique proposition for savvy investors.
Building 1, CBS features a spacious 3BR/1BA unit strategically situated for optimal visibility along Truman Ave.
Building 2 consists of four well-designed units:
Unit A: 1BR/1BA
Unit B: 1BR/1BA
Unit C: 3BR/1BA
Unit D: Studio with a bath on the second level.
This investment opportunity aligns with the goals of both property investors and those seeking employee housing solutions. Invest confidently in this strategically positioned and income-generating Multi-Family Property in Old Town Key West, catering to the needs of both astute investors and those seeking employee housing solutions within the lively community.
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 5
# of County License: 5
Building Style
Above Flood: Yes
Stories: 2 Stories
Property Features
Fee Includes: None
Tax Exemptions: None
License Info: Non Trans Rntl Lic
Waterfront: None
Waterview: No Waterview
Dockage: None
Building Style: Other Bldg Style
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Ductless; Wall/Window Unit(s)
Porch/Balcony: Deck; Open Porch/Balcony
Utilities: Buyer to Verify; Elect Separate Meter
Specialty Rooms: Workshop
Appliances: More Appliances; Oven; Refrigerator
Exterior Features: Shed; Storage
Construction: CBS; Combo Construction; Concrete; Frame
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional
Listing Office: Preferred Properties (KW)
Last Updated: December - 01 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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.