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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

Overview

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.

Listing Details MLS# 580091

Location, Tax & Legal

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
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

Contract Information

Listing Board
Key West Association
Limited Representation
No
As is Rght to Inspct
Yes
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
14352
Waterfront
No
# Stories
2
Total # Buildings
3
Building SqFt
7411
SqFt Source
Tax Records
Living Apx SqFt
7411
Total Units
12
Year Built
1933
Total Bedrooms
19
Full Baths
14
Half Baths
2
Total Baths
14.2
Control Depth
0

Status Change Info

Sold Date
2019-04-29

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

Property Info

# Kitchens
13

More Information

Financial Status

Bank Owned
No
Potential Short Sale
No

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.

Type

Apartment 3 or more
Yes

Fee Includes

None
Yes

Dockage

None
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Vehicle Storage

Common Parking
Yes
Off Street Parking
Yes

Construction

Combo Construction
Yes

Land Size

1/4 - 1/2 Acre
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Miscellaneous

Fencing
Yes
Patio
Yes
Residence on Premise
Yes

Roof

Metal Roof
Yes

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
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.