903-909 Virginia Street, Key West, FL 33040 (MLS# 580091)

903-909 Virginia Street, Key West, FL 33040

$3,950,000

Property Type: Commercial Bedrooms: 19 Baths: 14.2 Square Footage: 7,411 Lot Size (sq. ft.): 14,352 Status: Closed

Current Price: $3,950,000 List Date: 1/17/2019 Last Modified: 9/09/2024

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.

More Information MLS# 580091

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 Current Price: $3,950,000 Listing Date: 2018-05-04 Sold Price: $3,950,000

Location, Tax & Legal

KW Neighborhood: Old Town-S of Truman City: KEY WEST Off Shore Island: No Mile Marker: 1 Side: N/A Flood Zone: X Alternate Key #: 1031046 Add'l Parcel #1: 00030280-000000 Parcel #: 00030270-000000 Add'l Parcel #2: 00030290-000000 Zoning: HMDR - Historic Medium Density Residential Taxes: 17817 Tax Year: 2017 Street #: 903-909 Street Name: Virginia 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: Multi-Family Waterfront: No Control Depth: 0 Lot SqFt: 14352 Total Units: 12 # Stories: 2 SqFt Source: Tax Records Total # Buildings: 3 Building SqFt: 7411 Style: Residential Income Living Apx SqFt: 7411 Year Built: 1933 Total Bedrooms: 19 Full Baths: 14 Half Baths: 2 Total Baths: 14.2

Remarks & Misc

Remarks – Consumer: 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.

Association Info

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

Type

Apartment 3 or more: 1

Fee Includes

None: 1

Dockage

None: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Range: 1 Refrigerator: 1 Washer: 1

Property Info

# Kitchens: 13

Cooling

Ceiling Fans(s): 1 Central Air: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Vehicle Storage

Common Parking: 1 Off Street Parking: 1

Construction

Combo Construction: 1

Land Size

1/4 - 1/2 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Miscellaneous

Fencing: 1 Patio: 1 Residence on Premise: 1

Roof

Metal Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2019-04-29 Sold Price: $3,950,000 Status: Closed

Property Features

Type: Apartment 3 or more Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Common Parking; Off Street Parking Cooling: Ceiling Fans(s); Central Air Utilities: FKAA; Municipal Sewer Appliances: Dishwasher; Disposal; Dryer; Range; Refrigerator; Washer Miscellaneous: Fencing; Patio; Residence on Premise Construction: Combo Construction Roof: Metal Roof Land Size: 1/4 - 1/2 Acre Fee Includes: None

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: September - 09 - 2024

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