5 Unit compound 1 block from Smathers Beach Key West
Price: $1,699,000 (Contract For Sale signed on March 29 after 99 Days on Market)
1 block from the most popular beach in Key West, FL. Side by side parcels that contain 3 concrete/stucco buildings and 5 units; one 3bed/2bath house, one 2bed/1bath apt., one 1bed/1bath apt and two efficiency apartments. Annual gross rent $125,100 ($10,425/mos). Live in the 3/2 house and rent the other four units for $7225/mos. Zero deferred maintenance. All units in excellent condition and are fully rented until October 2021. Large, sheltered common area and off street parking for four vehicles.
Details:
- All buildings concrete/stucco with new asphalt roof 2016
- Zero spalling
- All units remodeled/upgraded kit. and baths 2016 - 2020
- All units properly licensed and separately metered
- Steady, reliable annual rents