818 Elizabeth Street, Key West, FL 33040 (MLS# 602146)

818 Elizabeth Street, Key West, FL 33040

$3,500,000

Property Type: Commercial Sale 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

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

Status Change Info

Under Contract Date: 2022-12-01
Leased 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

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

Floor Plan ›

CA Form ›

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.