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1122 Simonton Street

Key West, FL 33040
  • $2,750,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 611875
UPDATED: 50 min ago
$2,750,000
  • 5
    BEDS
  • 0.11
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,587
    SQFT
  • $1,063
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1913
County:

School Ratings & Info

Description

Excellent income producing rental property or employee housing with 5 units. All apartments are currently rented at below market rents. With its downtown location, low flood risk, turn-key income, and transient receivership zone, this property is perfectly positioned for savvy investors. Three 1bed 1bath units, One 2 bed 1 bath unit and one studio. Please note that advanced notice is required to arrange showings, and not all units may be available for viewing as they are currently rented.No sign on property

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Jamie Engel & The Florida Keys Home Team | Coldwell Banker Schmitt Real Estate Co are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.buyinthekeys.com/homes/156901765
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1122 Simonton Street Key West, FL 33040

  • Price: $2,750,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 50 min ago
  • MLS #: 611875
5
Beds
5
Baths
0
½ Baths
0.11
Acres
2,587
SQFT
$1,063
$/SQFT
1913
Built
Neighborhood:
Old Town-S Of Truman
County:
Monroe
Area:
01 - Key West
Property Description
Excellent income producing rental property or employee housing with 5 units. All apartments are currently rented at below market rents. With its downtown location, low flood risk, turn-key income, and transient receivership zone, this property is perfectly positioned for savvy investors. Three 1bed 1bath units, One 2 bed 1 bath unit and one studio. Please note that advanced notice is required to arrange showings, and not all units may be available for viewing as they are currently rented.No sign on property
Exterior Features

Construction Frame Dockage None Land Size Less Than 1/4 Acre Lot Size 48.67x100 Off Street Parking 0 Parking Spaces 0 Side Ocean Style Commercial Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances RefrigeratorRange Kitchens 5 Net Leasable Area 2587.00 Refrigerators 5

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No City KEY WEST Commercial Type Apartment 3 or more Control Depth 0 Deed Restrictions No Efficiencies 1 Fee Includes None Fema List No Flood Zone 0.2 PCT ANNUAL CHANC Key West Neighborhood Old Town-S of Truman Legal KW PT LOT 1 SQR 5 TR 11 H1-257 OR453-509/10 OR645-480 OR1175-716/17 OR2095-2251/52 OR2114-1313/14 License Info Non Trans Rntl Lic Listing Board Key West Association Mile Marker 1.00 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Type Multi-Family Sq Ft Source Tax Records Tax Year 2023 Taxes 11324.86 Total Units 5.00 Utilities FKAASeparate MetersBuyer to Verify Zoning HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med

Listing courtesy of Dustan Carpenter of Berkshire Hathaway Knight & Gardner: .


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Jamie Engel & The Florida Keys Home Team | Coldwell Banker Schmitt Real Estate Co are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Jamie Engel & The Florida Keys Home Team | Coldwell Banker Schmitt Real Estate Co
85996 Overseas Highway
Islamorada FL, 33036