Rare opportunity to acquire SEVEN units in the X-Flood Zone in Old Town Key West. That's correct, seven market rate units! Renovations in progress! Priced at less than $272K per unit! Recent changes to IRS tax code (such as accelerated depreciation) can benefit RE Investors - ask your tax expert. Prime Old Town location, just 1/2 block from cemetery and 1/2 block off Truman Ave. Currently configured as 6 units (but City recognizes 7). Presently being used as: one 2-bedroom unit, three 1-bedroom units and 2 studio units. All with separate exterior entrances. Convenient location is close to many Old Town attractions including world famous Duval St. Perfect for employee housing or income producing multi-unit property. Advanced notice required before showings and don't expect to see all six of the units at once. Please do NOT disturb tenants. This is a duplicate entry.
Details
MLS #
615914
Listing Type
For Sale
Style
Commercial
Sub-Type
Resale
Status
Active
Year
1976
Days On Site
404
Listing Provided By
Berkshire Hathaway HomeServices Knight & Gardner Realty | Walt Lee
Features
Bed(s)
7
Bath(s)
6 Total
SQ Feet
2,790
Story(s)
2
Units
7
Building(s)
1
Zoning
HDR - High Density Residential
Acreage
0.07
Property View
No Waterview
Taxes
Property
14214
Area Information
State
FL
County
Monroe
City
KEY WEST
Zip Code
33040
Area
02 Key West
Community Name
Old Town Unlisted (1.0)
Sourced by Back At You
MLS Number: 615914
Walt Lee – (305) 879-7355 – walt@keysrealestate.com
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The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
MLS Number: 615914
Walt Lee – (305) 879-7355 – walt@keysrealestate.com