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$2,995,000
1803-1805 Atlantic Blvd, Key West, FL 33040
13 Beds
12 Baths
6,480 sqft

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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.
  • Price:
  • $2,995,000
  • Bedrooms:
  • 13
  • Full Baths:
  • 12
  • Square Footage:
  • 6,480
  • Acreage:
  • 0.11
  • Year Built:
  • 1975
  • Listing ID #:
  • 597772
  • Street Address:
  • 1803-1805 Atlantic Blvd
  • City:
  • Key West
  • State:
  • Florida
  • Postal Code:
  • 33040
  • County:
  • Monroe
  • Community:
  • 03 - Key West
  • Subdivision:
  • New Town - Unlisted (2.0)
  • Listing Status:
  • Active
  • Listing Type:
  • Multi-family
  • Approximate Total Liveable Area:
  • 6480.00
  • Building Condition:
  • Updated/Remodeled
  • Construction Description:
  • Cbs
  • Porch Description:
  • Deck, Open Porch/Balcony, Patio
  • Square Footage Source:
  • Property Data Card
  • Style:
  • Multi-Units
  • Type Of Roof:
  • Metal Roof
  • Year Built:
  • 1975
  • Conforms To Zoning:
  • Mdr-1 - Medium Desnity Residential
  • Federal Flood Zone:
  • Ae, Ae
  • Lot Size:
  • 1/4 - 1/2 Acre
  • Lot Square Footage:
  • 9250.00
  • Days On Market:
  • 31
  • Property Taxes:
  • $13,707
  • Tax Year:
  • 2020
  • Parking Description:
  • Assigned Parking
  • Pool:
  • Yes
  • Pool Description:
  • In Ground
  • Appliances:
  • Refrigerator, Washer
  • Heating And Air:
  • Central A/C
  • Water View Description:
  • No Waterview
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Internet Realty Of The Florida Keys
  • UPKEYS

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