1803-1805 Atlantic Boulevard, Key West, FL 33040
$2,400,000
Property Type:
Residential
Bedrooms:
13
Baths:
12
Square Footage:
6,480
Lot Size (sq. ft.):
9,250
Status:
Closed
Current Price:
$2,400,000
List Date:
10/08/2021
Last Modified:
8/24/2024
Description
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.
More Information MLS# 597772
Contract Information
Current Price: $2,400,000
Listing Date: 2021-09-10
Listing Board: Marathon/Lower Keys
Sold Price: $2,400,000
Location Tax Legal
Street #: 1803-1805
Street Name: Atlantic
Street Suffix: Boulevard
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: New Town - Unlisted (2.0)
Area: 03 - Key West
General Property Description
Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: No
Pool: Yes
Year Built: 1975
Lot SqFt: 9250
Acres: 0.11
Living Apx SqFt: 6480
SqFt Source: Property Data Card
Total Bedrooms: 13
Full Baths: 12
Total Baths: 12
Rentals Allowed: With Restrictions
Status Change Info
Under Contract Date: 2021-12-21
Sold Date: 2022-02-23
Sold Price: $2,400,000
Status: Closed
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Building Style
Above Flood: Unknown
Property Features
Fee Includes: Other
Tax Exemptions: Homestead
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Vehicle Storage: Assigned Parking
Cooling: Central Air
Utilities: Buyer to Verify; FKAA
Appliances: Refrigerator; Washer
Pool Info: In Ground
Construction: CBS
Roof: Metal Roof
Pets: Pets Allowed
Land Size: 1/4 - 1/2 Acre
Documents
1803 1805 Atlantic Offering ›Listing Office: Internet Realty of the Florida Keys
Last Updated: August - 24 - 2024
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