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$2,450,000
Key West, FL 33040
MLS# 615386
6 beds | 5 baths | 2587 sqft
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Property Description
CALLING ALL INVESTORS!! Excellent income producing rental property or employee housing with multiple units. All apartments are currently rented at below market rents. With its downtown location, low flood risk, turn-key income, and transient receivership zone, this property is perfectly positioned for savvy investors. Three 1bed 1bath units, One 2 bed 1 bath separate cottage. One studio. Please note that advanced notice is required to arrange showings, and not all units may be available for viewing as they are currently rented.No sign on property
Details
Maps
Contract Information
Current Price: $2,450,000
Listing Date: 2025-06-09
Listing Board: Key West Association
List Price: $2,450,000
As is Rght to Inspct: Yes
Location Tax Legal
Street #: 1122
Street Name: Simonton
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unlisted (1.0)
Area: 02 - Key West
General Property Description
Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: No
Pool: No
Year Built: 1913
Total Units: 5
Lot SqFt: 4867
Living Apx SqFt: 2587
SqFt Source: Property Data Card
Total Bedrooms: 6
Full Baths: 5
Total Baths: 5
Rentals Allowed: With Restrictions
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Building Style
Above Flood: Yes
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Utilities: Cable Available; FKAA; Propane
Appliances: Gas Appliances; Oven; Range; Refrigerator
Construction: Frame
Pets: Pets Allowed
Land Size: 1/4 - 1/2 Acre
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: June - 10 - 2025
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.