1803-1805 Atlantic Boulevard, Key West, FL 33040 (MLS# 597772)

1803-1805 Atlantic Boulevard, Key West, FL 33040

$2,400,000

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Property Type: Residential Bedrooms: 13 Baths: 12 Square Footage: 6,480 Lot Size (sq. ft.): 9,250 Status: Closed

Current Price: $2,400,000 List Date: 10/08/2021 Last Modified: 8/24/2024

Overview

Description

Perfect 1031 Exchange! Priced to Sell! DO NOT MISS this 7 unit apartment complex that is centrally located steps to both Smathers and Higgs Beach and a 5 minutes bike ride to world Famous Duval st. The 3 building complex houses (1) 3bed/2bath, (4) 2bed/2 bath, and (2) 1bed/1bath, with one of the largest residential swimming pools in Key West. Interiors updated with marble countertops, tile floors, and recessed lighting. All master baths have Jacuzzi tubs. Each unit has individual laundry, utility meters and one assigned parking space. This will not last so call today! A pleasure to show, but 48 hour notice needed for inside Current cap rate 4.24% . Projected Cap Rate of 5.12% with simple rent increases. Huge ROI possible by converting to condominium. Gross Income of $192K with $51,244 insurances and $13,707 in taxes.

Listing Details MLS# 597772

Location, Tax & Legal

Street #: 1803-1805
Street Name: Atlantic
Street Suffix: Boulevard
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: New Town - Unlisted (2.0)
Area: 03 - Key West

Contract Information

Listing Board: Marathon/Lower Keys

General Property Description

Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: No
Pool: Yes
Year Built: 1975
Lot SqFt: 9250
Acres: 0.11
Living Apx SqFt: 6480
SqFt Source: Property Data Card
Total Bedrooms: 13
Full Baths: 12
Total Baths: 12
Rentals Allowed: With Restrictions

Status Change Info

Under Contract Date: 2021-12-21
Leased Date: 2022-02-23

Association Info

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

Building Style

Above Flood: Unknown

More Information

Property Features

Fee Includes: Other Tax Exemptions: Homestead Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Vehicle Storage: Assigned Parking Cooling: Central Air Utilities: Buyer to Verify; FKAA Appliances: Refrigerator; Washer Pool Info: In Ground Construction: CBS Roof: Metal Roof Pets: Pets Allowed Land Size: 1/4 - 1/2 Acre

Documents

1803 1805 Atlantic Offering ›

Listing Office: Internet Realty of the Florida Keys

Last Updated: August - 24 - 2024

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