1211 South Street
Key West, FL 33040

$1,299,000

Description

Superb location. Attractive 2 story multi-family near Casa Marina. 5 separate apartments, 5 electric meters, 5 baths and 5 parking spaces. Property consists of two 1BD/1BA apartments and 3 large studio apartments. Porch, courtyard and fenced. Long term leases, tenants want to stay, all month to month. Keep for investment or convert to condos or masterful single family home. Property has been appraised at value, surveyed, inspected and roof certification in place. Condo conversion documents have been started - see layout in document section. No open permits. 13% cash on cash. No management required. QUALIFIED BUYERS ONLY. Contact agent for more details. Location, Location, Location! Can llve in one unit, income on others. CALL AGENT FOR WEBSITE WITH FINANCIALS, LAYOUT and PHOTOS.

Details

MLS#585359
StyleHouse
Sub-TypeResale
StatusActive
Year1938
Days On Site27

Features

Bed(s)5
Bath(s) 5 Full
SQ Feet3,575
Story(s)2 Stories
Acreage0.11
Water FrontNone

Market Activity 33040

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Area Information

StateFL
CountyMonroe
CityKey West
Zip Code33040
AreaKey West
Community NameTropical Bldt & Investment Co Sub (2.0)
Listing VS Median (in Tropical Bldt & Investment Co Sub (2.0))
Price:
$1,299,000
low | high
Med:
$1,536,500
31.716705157814% of Average
SqFt:
3,575
low | high
Med:
1,888
97.202797202797% of Average
$ / SqFt:
$363
low | high
Med:
$815
74.22284282291% of Average
On Site:
27
low | high
Med:
152.5
17.704918032787% of Average
Listing Updated: 05/21/2019
MLS Number: 585359
Listing Provided By:
Jim Spreitzer  of  RE MAX All Keys Real Estate (Marathon)