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1221 Packer Street , 1-5

Key West, FL 33040
  • $2,349,000
  • STATUS: Active
  • ON SITE: 49 Days
  • MLS #: 603383
Price Reduced
UPDATED: 75 min ago
$2,349,000
  • 6
    BEDS
  • 0.08
    ACRES
  • 5
    BATHS
  • 1
    1/2 BATHS
  • 2,914
    SQFT
  • $806
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1953
County:

School Ratings & Info

Description

Rare 5 unit property, split between 2 buildings. Located centrally in the middle of Old Town Key West in the X flood zone. All units are turn-key and in great shape, recently painted and ready to be rented. The 2/1 unit is tenant occupied. There are 4 x 1 bed/ 1 bath units all currently vacant. This unique fenced property offers 3 off-street parking spots, private porches and common area space with coin operated washer and dryer. Perfect for investors, owner occupiers, or employee housing. No deferred maintenance, just a great turn-key property with 5 electric meters and 5 Parcel ID's. Projected monthly income from annual tenants is $12,800. Vacation Rentals could be a lot more. Seller has Business Tax License for all 5 units

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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 Expert Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keywestexperts.com/homes/135328243
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1221 Packer Street , 1-5 Key West, FL 33040

  • Price: $2,349,000
  • Status: Active
  • On Site: 49 Days
  • Updated: 75 min ago
  • MLS #: 603383
6
Beds
5
Baths
1
½ Baths
0.08
Acres
2,914
SQFT
$806
$/SQFT
1953
Built
Neighborhood:
Old Town-S Of Truman
County:
Monroe
Area:
02 - Key West
Property Description
Rare 5 unit property, split between 2 buildings. Located centrally in the middle of Old Town Key West in the X flood zone. All units are turn-key and in great shape, recently painted and ready to be rented. The 2/1 unit is tenant occupied. There are 4 x 1 bed/ 1 bath units all currently vacant. This unique fenced property offers 3 off-street parking spots, private porches and common area space with coin operated washer and dryer. Perfect for investors, owner occupiers, or employee housing. No deferred maintenance, just a great turn-key property with 5 electric meters and 5 Parcel ID's. Projected monthly income from annual tenants is $12,800. Vacation Rentals could be a lot more. Seller has Business Tax License for all 5 units
Exterior Features

Construction CbsCombo ConstructionFrame Dockage None Land Size Less Than 1/4 Acre Lot Size 35 X 93.5 And 23 X 93.5 Miscellaneous FencingPatioStorage Off Street Parking Yes Parking Spaces 3 Roof Metal Roof Side Median Style Residential Income Vehicle Storage Off Street Parking Vehicle Storage Cars 3 Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances DishwasherDisposalDryerRangeRefrigeratorWasher Cooling Heating Ceiling Fans(S)Central AirWall/Window Unit(S) Dishwashers 5 Floor TileWood Interior Features Cathedral CeilingsDrapes/Blinds InclLaundry RoomOtherSmoke AlarmsWindow Treatments Kitchens 5 Net Leasable Area 2914.00 Refrigerators 5 Washers 2 Windows Doors Aluminum WindowsFrench Doors

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 Dryers 2 Electric Meters 5 Fee Includes None Flood Zone 0.2 PCT ANNUAL CHANC Key West Neighborhood Old Town-S Of Truman Legal Unit 1 Turtle Cove Condominium Of Key West Listing Board Key West Association Mile Marker 1.00 Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Sq Ft Source Seller Tax Year 2021 Taxes 3719.87 Total Units 5.00 Utilities FkaaMunicipal SewerSeparate Meters Water Meters 2 Zoning Hmdr - Historic Medium Density Residential

Listing courtesy of Sean Farrer, P.A. of Coldwell Banker Schmitt Real Estate Co. (Kw): (305) 296-7727.


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 Expert Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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517 Duval Street #205
Key West FL, 33040