Natalie Ardis - Coldwell Banker
1211 South Street
Key West, FL 33040

$1,485,000

Description

Superb location. Attractive 2 story multi-family near Casa Marina. 5 separate apartments, 5 electric meters, 5 baths and 5 parking spaces. Property consists of three 1BD/1BA apartments and 2 large studio apartments. Porch, courtyard and fenced. Long term leases, tenants want to stay, all month to month. Keep for investment or convert to condos or masterful single family home. Property has been appraised in 2017 at value, surveyed, inspected and roof certification in place. AE-6 flood zone per elevation certificate. Condo conversion documents have been started - see layout in document section. No open permits. QUALIFIED BUYERS ONLY. Contact agent for more details. Total rent roll to be estimated at $9,500.00 month+ utilities as of July, 2018. Location, Location, Location!

Details

MLS#580837
StyleHouse
Sub-TypeResale
StatusActive
Year1938
Days On Site88

Features

Bed(s)5
Bath(s) 5 Full
SQ Feet3,575
Story(s)2 Stories
Acreage0.11
Water FrontNone

Market Activity 33040

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Area Information

StateFL
CountyMonroe
CityKey West
Zip Code33040
AreaKey West
Community NameTropical Bldt & Investment Co Sub (2.0)
Listing VS Median (in Tropical Bldt & Investment Co Sub (2.0))
Price:
$1,485,000
low | high
Med:
$1,485,000
50% of Average
SqFt:
3,575
low | high
Med:
3,575
50% of Average
$ / SqFt:
$415
low | high
Med:
$415
50% of Average
On Site:
88
low | high
Med:
87
100% of Average
Listing Updated: 09/24/2018
MLS Number: 580837
Listing Provided By:
Jim Spreitzer  of  RE MAX All Keys Real Estate (Marathon)