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Listing ID597772
Total Baths12
Full Baths12
Acres 0.110
SubdivisionNew Town - Unlisted (2.0)
Year Built1975
Property TypeResidential
Property Sub TypeMulti-family
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.

Contact - Listing ID 597772

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Sean Farrer

1201 White St
Key West, FL 33040
Phone: 3059240700
Phone Alt: 3052927473
©2022 Florida Keys MLS, Inc. The data relating to real estate for sale on this web site comes in part from the Florida Keys Multiple Listing Service. Listing courtesy of Internet Realty of the Florida Keys. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Data last updated: Tuesday, January 25th, 2022 at 01:21:25 AM.

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