$3,500,000
Key West, FL 33040
MLS# 602146
Status: Closed
13 beds | 11 baths
1 / 6
Property Description
A very rare offering of a 9-unit, full market rate, multi-family building in Old Town Key West. The nine units are spread over three buildings on a lot of just under 8,000 SF. There are five 1bd/ 1ba units, two 2bd/ 2ba units, and two 2bd/ 1ba unit. All units are significantly below market rent. The property is perfect for employers looking for staff housing, a 1031 Exchange investment opportunity, potential condo conversion or single-family estate. Advanced notice is required to show the units and not all units may be available at once to show. This one won't last! Zoned HHDR
Details
Maps
Documents
Contract Information
Current Price: $3,500,000
Listing Date: 2022-08-08
Listing Board: Key West Association
Leased Price Monthly: $3,500,000
Limited Representation: No
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 818
Street Name: Elizabeth
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
County: Monroe
Area: 02 - Key West
General Property Description
Realtor.COM Type: Multi-Family
Style: Residential Income
Lot Size: 50.8 X 154
Lot SqFt: 7917
Waterfront: No
Building SqFt: 5317
SqFt Source: Appraisal
Total Units: 9
Year Built: 1928
Total Bedrooms: 13
Full Baths: 11
Total Baths: 11
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2022-12-01
Leased Date: 2022-12-19
Leased Price Monthly: $3,500,000
Status: Closed
Property Features
License Info: Non Trans Rntl Lic
Type: Apartment 3 or more
Waterfront: None
Waterview: No Waterview
Dockage: None
Cooling: Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer
Miscellaneous: Other Miscellaneous
Construction: CBS; Frame
Land Size: Less Than 1/4 Acre
Fee Includes: Other
Floor Plan 
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: September - 09 - 2024
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