1016 Fleming Street, Key West, FL 33040 (MLS# 575656)

1016 Fleming Street, Key West, FL 33040

$3,025,000

Property Type: Commercial Bedrooms: 11 Baths: 9.1 Square Footage: 3,652 Lot Size (sq. ft.): 4,960 Status: Closed

Current Price: $3,025,000 List Date: 5/20/2017 Last Modified: 9/09/2024

Description

2 blocks from the Historic Seaport, Artist House on Fleming is a grand single family home built circa 1894 and converted to this beautiful guest house in the early 2000's. 9 guest rooms with 2 of the 9 rooms being 2 bedroom suites with 1 shared bath, so there are a total of 11 bedrooms. Average occupancy May '16 through March '17 89.5%. High end breakfast and caring and stable staff lend to excellent TripAdvisor reports. This well maintained and profitable business will steal your heart yet appeal to your business mind.

More Information MLS# 575656

Contract Information

Listing Board: Key West Association Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Species List: No Current Price: $3,025,000 Listing Date: 2017-05-19 Sold Price: $3,025,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Off Shore Island: No Mile Marker: 1 Side: N/A Flood Zone: AE Alternate Key #: 1007552 Parcel #: 00007290-000000 Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med Legal: KW PT LOTS 2 AND 3 SQR 45 ZZ-344 OR380-765/68 OR1018-1482 OR1142-915 OR1313-1020/22 OR1555-2076/77 OR1938-1222 OR2231-17 Taxes: 21397.72 Tax Year: 2016 Street #: 1016 Street Name: Fleming Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Old Town - Unrecord (1.0) County: Monroe Area: 01 - Key West

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot SqFt: 4960 Total Units: 0 # Stories: 3 Building SqFt: 3652 Style: Commercial Living Apx SqFt: 3652 Year Built: 1933 Total Bedrooms: 11 Full Baths: 9 Half Baths: 1 Total Baths: 9.1

Remarks & Misc

Remarks – Consumer: 2 blocks from the Historic Seaport, Artist House on Fleming is a grand single family home built circa 1894 and converted to this beautiful guest house in the early 2000's. 9 guest rooms with 2 of the 9 rooms being 2 bedroom suites with 1 shared bath, so there are a total of 11 bedrooms. Average occupancy May '16 through March '17 89.5%. High end breakfast and caring and stable staff lend to excellent TripAdvisor reports. This well maintained and profitable business will steal your heart yet appeal to your business mind. Directions: Fleming to 1016 Fleming at the corner of Nassau Lane on the right.

Deed Restrictions

No: 1

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

License Info

# of Transient Licns: 9

Type

Hotel/Motel: 1

Fee Includes

None: 1

Dockage

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Refrigerator: 1 Washer: 1

Property Info

NOI: 9.1

Waterfront

None: 1

Waterview

No Waterview: 1

Interior Features

Furnished: 1 Smoke Alarms: 1 Window Treatments: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

FKAA: 1

Property Rights

Transient License: 1

Miscellaneous

Lobby: 1 Manager on Premises: 1 Spa: 1 Storage: 1

Roof

Metal Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2018-02-06 Sold Price: $3,025,000 Status: Closed

Property Features

Deed Restrictions: No Type: Hotel/Motel Waterfront: None Waterview: No Waterview Dockage: None Utilities: FKAA Interior Features: Furnished; Smoke Alarms; Window Treatments Appliances: Dishwasher; Dryer; Refrigerator; Washer Miscellaneous: Lobby; Manager on Premises; Spa; Storage Construction: Frame Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: None Property Rights: Transient License

Listing Office: Coldwell Banker Schmitt Real Estate Co. (KW)

Last Updated: September - 09 - 2024

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