Listed by Coldwell Banker Commercial Schmitt Real Estate Company Key West
$999,999
1018 Georgia Street
Details
APN 00033870000000
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 3,042
Units 2
Year Built 1942
Stories 2
Acreage 0.070
Zoning HMDR - Historic
Multifamily | 2 Units
Marketing description
Income producing Duplex in Old Town Key West! The Owner would prefer to hold the financed note for a new owner. Fully renovated offering strong income potential and turnkey condition. Recent upgrades include a new roof, siding, impact windows, updated kitchens and baths, and new flooring in the rear unit. The downstairs features two lockout units--rear unit projected at $2,800/month with large private backyard, and front unit at $2,300/month. Upstairs treetop unit is currently tenant-occupied. Total projected income of approximately $7,700/month ($92,400 annually), reflecting an estimated 9.2% cap rate. Centrally located directly across from Bayview Park, this property offers consistent rental demand and separate electric. X Flood zone with plenty of room for a pool in the backyard.
Listing Contacts
Listed by Coldwell Banker Commercial Schmitt Real Estate Company Key West
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Zoning
HMDR ResidentialMulti FamilyHistoric Medium Density Residential
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