818 Elizabeth Street, Key West, FL 33040 (MLS# 602146)

818 Elizabeth Street, Key West, FL 33040

$3,500,000

Property Type: Commercial Bedrooms: 13 Baths: 11 Lot Size (sq. ft.): 7,917 Status: Closed

Current Price: $3,500,000 List Date: 8/08/2022 Last Modified: 9/09/2024

Description

A very rare offering of a 9-unit, full market rate, multi-family building in Old Town Key West. The nine units are spread over three buildings on a lot of just under 8,000 SF. There are five 1bd/ 1ba units, two 2bd/ 2ba units, and two 2bd/ 1ba unit. All units are significantly below market rent. The property is perfect for employers looking for staff housing, a 1031 Exchange investment opportunity, potential condo conversion or single-family estate. Advanced notice is required to show the units and not all units may be available at once to show. This one won't last! Zoned HHDR

More Information MLS# 602146

Contract Information

Listing Board: Key West Association Limited Representation: No Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Current Price: $3,500,000 Listing Date: 2022-08-08 Sold Price: $3,500,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Mile Marker: 1 Marathon Neighborhood: N/A Side: N/A Flood Zone: X Alternate Key #: 1018830 Parcel #: 00018340-000000 Zoning: HDR - High Density Residential Legal: KW PT LOT 14 OF TR 5 G70-74/75 OR2499-572 OR2503-1936 OR2582-1047/52 Taxes: 14999.22 Tax Year: 2021 Street #: 818 Street Name: Elizabeth Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Old Town - Unlisted (1.0) County: Monroe Area: 02 - Key West

General Property Description

Realtor.COM Type: Multi-Family Waterfront: No Control Depth: 0 Lot Size: 50.8 X 154 Lot SqFt: 7917 Total Units: 9 SqFt Source: Appraisal Building SqFt: 5317 Style: Residential Income Year Built: 1928 Total Bedrooms: 13 Full Baths: 11 Total Baths: 11

Remarks & Misc

Remarks – Consumer: A very rare offering of a 9-unit, full market rate, multi-family building in Old Town Key West. The nine units are spread over three buildings on a lot of just under 8,000 SF. There are five 1bd/ 1ba units, two 2bd/ 2ba units, and two 2bd/ 1ba unit. All units are significantly below market rent. The property is perfect for employers looking for staff housing, a 1031 Exchange investment opportunity, potential condo conversion or single-family estate. Advanced notice is required to show the units and not all units may be available at once to show. This one won't last! Zoned HHDR

Association Info

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

License Info

Non Trans Rntl Lic: 1

Type

Apartment 3 or more: 1

Fee Includes

Other: 1

Dockage

None: 1

Cooling

Wall/Window Unit(s): 1

Waterfront

None: 1

Waterview

No Waterview: 1

Construction

CBS: 1 Frame: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Miscellaneous

Other Miscellaneous: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2022-12-19 Sold Price: $3,500,000 Status: Closed

Property Features

License Info: Non Trans Rntl Lic Type: Apartment 3 or more Waterfront: None Waterview: No Waterview Dockage: None Cooling: Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Miscellaneous: Other Miscellaneous Construction: CBS; Frame Land Size: Less Than 1/4 Acre Fee Includes: Other

Documents

Floor Plan ›

CA Form ›

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: September - 09 - 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.