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$1,995,000
Key West, FL 33040
MLS# 611437
6 beds | 7 baths | 2398 sqft
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Property Description
Discover a unique investment opportunity in the heart of Key West with this exceptional 4-unit multifamily property. The owner's unit is a 3/3.5, and the three cottages are all 1/1. Centrally located and close to all the action. This tropical enclave spans nearly 9,500 square feet and includes four legal units, a pool and tiki bar. There's plenty of space to expand any of the cottages, or use as off-street parking. The property currently generates over $75,000 annually in rental income without including the main unit which the owner resides in. Enjoy the tropical lifestyle with ample outdoor space, all while living in one of the units and renting out the others. Ideally located close to local attractions, vibrant nightlife, and stunning beaches, this property offers both a lucrative investment and a unique living arrangement. Don't miss out—contact us today to explore this rare gem!
Details
Contract Information
Current Price: $1,995,000
Listing Date: 2024-09-11
Listing Board: Key West Association
List Price: $1,995,000
Location Tax Legal
Street #: 1824
Street Name: Fogarty
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Key West Investment Co Sub (1.0)
Area: 02 - Key West
General Property Description
Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: No
Pool: Yes
Year Built: 1950
Total Units: 4
Lot SqFt: 9483
Lot Sqft Source: Property Data Card
Living Apx SqFt: 2398
SqFt Source: Property Data Card
Total Bedrooms: 6
Full Baths: 6
Half Baths: 1
Total Baths: 7
Rentals Allowed: With Restrictions
Min Rental Days: 28
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Building Style
Above Flood: No
Financial Status
Standard Sale: Yes
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Building Style: Conch
Vehicle Storage: Off Street Parking
Furnished: Unfurnished
Cooling: Wall/Window Unit(s)
Heating: Space Heater
Utilities: Cable Available; Municipal Sewer
Appliances: Dryer; Microwave; Oven; Range; Refrigerator; Washer
Exterior Features: Bar; Chickee Hut; Fencing; Privacy Wall/Fence; Shed; Storage; Water Display
Accessibility Feat: Parking
Pool Info: In Ground
Construction: Frame
Pets: Pets Allowed
Land Size: More than 1 Lot
Title: Negotiable
Listing Office: Dreamwater Key Properties
Last Updated: September - 12 - 2024
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.