Jessica Abarca - Coldwell Banker
903-909 Virginia Street
Key West, FL 33040

$4,250,000

Description

Three buildings make up this rare 12-unit multi-family residential property. Located in the X Flood Zone in Old Town Key West (best zone in Key West), this is the first time in 3 generations this opportunity has been on the market. This is a perfect 1031 exchange property, the buildings and property are in great physical shape and ready for a new investor to take over. Current Owner has clear pride of ownership of this multi-unit property. Property consists of 7- two bedroom units, 4- one bedroom units and 1 studio apartment plus parking and a well landscaped courtyard. Units are fully occupied, please give advanced notice for showings. Three parcels included in compound, see details in report.

Details

MLS#580091
StyleIndustrial
Sub-TypeResale
StatusActive
Year1933
Days On Site136

Features

SQ Feet7,411
Story(s)2
Units12
ZoningHMDR - Historic Medium Density R

Market Activity 33040

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Area Information

StateFL
CountyMonroe
CityKey West
Zip Code33040
AreaKey West
SubareaOld Town-S of Truman
Listing VS Median (in 33040)
Price:
$4,250,000
low | high
Med:
$499,000
100% of Average
SqFt:
7,411
low | high
Med:
416
100% of Average
$ / SqFt:
$573
low | high
Med:
$1,200
59.167929864253% of Average
On Site:
136
low | high
Med:
26
100% of Average
Listing Updated: 09/20/2018
MLS Number: 580091
Listing Provided By:
Team Gardner/Langley  of  Berkshire Hathaway Knight Gardner Realty (KW)