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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

Overview

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

Listing Details MLS# 602146

Location, Tax & Legal

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
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

Contract Information

Listing Board
Key West Association
Limited Representation
No
For Sale/Lease
For Sale
Potential Short Sale
No
Bank Owned
No

General Property Description

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

Status Change Info

Sold Date
2022-12-19

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

Financial Status

Bank Owned
No
Potential Short Sale
No

More Information

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

License Info

Non Trans Rntl Lic
Yes

Type

Apartment 3 or more
Yes

Fee Includes

Other
Yes

Dockage

None
Yes

Cooling

Wall/Window Unit(s)
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Construction

CBS
Yes
Frame
Yes

Land Size

Less Than 1/4 Acre
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Miscellaneous

Other Miscellaneous
Yes

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

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.
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