$1,435,000
SOLD JUL 27, 2018
6 Beds
5 Baths
2,215 Sq Ft
3,114 Sq Ft Lot

Recently Sold

$648 Per Sq Ft

14% Below List Price

67 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • No HOA
  • Cathedral Ceiling
  • Granite Countertops
  • Stainless Steel Appliances

About This Home

As of July 2018

Fully renovated, multi-unit in Old Town. This beautiful historic property in top condition consists of a secluded and very private owner's unit in the rear with its own landscaped garden plus four separate rental units up front. You can live in the owner's unit or rent out all five for maximum income. The apartments can be rented long term or as monthly vacation rentals. All the apartments have recently been remodeled to a very high standard and feature full kitchens, separate entrances, outside patio or balcony seating areas and shared laundry facilities.Situated in a convenient yet quiet location on highly desirable Fleming Street, just a few blocks from the Historic Seaport and Duval Street. A rare opportunity to own a high income generating turnkey investment property in Old Town

Last Agent to Sell the Property

Rob Severin

Rob Severin Real Estate Co License #683433 Listed on: 02/23/2018

Last Buyer's Agent

Jennifer Newman

Doug Mayberry Real Estate (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,903

Year Built

  • Built in 1933

Lot Details

  • 3,114 Sq Ft Lot
  • Privacy Fence
  • Fenced

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,215 Sq Ft Home
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Some Wood Windows
  • Shutters
  • Blinds
  • French Doors
  • Storage
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Shed

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Old Town Unrecord Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,903

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: Yes
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 8902.66
  • Title: Negotiable
  • Year Built: 1933
  • Alternate Key Number: 1007692
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Ductless
  • Lot Sq Ft: 3114.00
  • Porch Balcony: Deck, Patio, Open Porch/Balcony
  • Shutters: Panel
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2215.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Smoke Alarms, Window Treatments, Storage, Granite Counter Top, Drapes/Blinds Incl, Dade County Pine
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Appliances: Dishwasher, Washer, Stainless Steel Appliance(s), Range, Refrigerator, Microwave, Oven, Freezer, Dryer, Disposal
  • Floor: Tile, Wood
  • Windows/Doors: French Doors, Wood Windows
  • Total Bedrooms: 6
  • Sq Ft Remarks: In addition to the 2115 sqft there is an additional 780 sqft of storage/sleeping loft area.

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Bar, Storage, Shed, Privacy Wall/Fence, Lighting, Fencing
  • Roof: Metal Roof
  • Waterview: No Waterview

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2017

Multi Family

  • Total Units: 5.00

Similar Homes in Key West, FL

  • 806 Pearl St, Key West, FL 33040

    $1,199,000

    • 4 Beds
    • 3 Baths
    • 1,504 Sq Ft
    • 806 Pearl St
    • Key West, FL

    Unleash your vision and step into endless possibilities with this two-story duplex, a blank canvas located in the prestigious Meadows neighborhood of Key West. Packed with potential, this diamond in the rough is perfect for investors, developers, or dreamers looking to craft their masterpiece in one of Key West's most desirable areas. The property is a blank slate for your imagination to design

    Lisa Ferringo Coldwell Banker Schmitt Lower Keys (KW)

    Section Image
  • 928 Truman Ave Unit 101, Key West, FL 33040

    $1,600,000

    • 8 Beds
    • 5 Baths
    • 1,830 Sq Ft
    • 928 Truman Ave
    • Unit 101
    • Key West, FL

    Old Town Multi-Use PropertyLocated on Truman Avenue, this distinctive property features five legal long-term rental apartments, making it ideal for steady income or employee housing.Unit 101, a CBS building, offers the potential for commercial conversion (buyer to verify), provided the residential units remain onsite, creating valuable flexibility.Highlights include:8 bedrooms and 5

    Allison Findlay Preferred Properties (KW)

    Section Image
  • 1327 Duncan St, Key West, FL 33040

    $1,350,000

    • 4 Beds
    • 2 Baths
    • 2,019 Sq Ft
    • 1327 Duncan St
    • Key West, FL

    Are you ready to build??? after talking with City Planning the new owner will be able to possibly renovate the main house and build a second new house Buyer to verify...Make your offer today.Welcome to 1327 Duncan Street, this property offers a 3 bedroom 1 bath single-family home plus a separate 1 bedroom 1 bath cottage with fenced in yard, laundry area, central air condition. The main

    Barbara Crespo Keller Williams Key West Compass Realty

    Section Image
  • 1415 United St, Key West, FL 33040

    $1,599,900

    • 5 Beds
    • 3 Baths
    • 2,007 Sq Ft
    • 1415 United St
    • Key West, FL

    INVESTOR ALERT! Great opportunity to own a 3 unit building centrally located in Key West with off Street parking and plenty of room for a pool. The downstairs front unit is a 2BD/1BA, has an open floor plan with lots of windows allowing for plenty of natural light and a cute front porch. The upstairs unit is a 1BD/1BA and the rear third unit is another 2BD/1BA. The multi unit building sits on a

    Team Spottswood/Vazquez Truman & Co. (KW)

    Section Image
  • 720 Emma St, Key West, FL 33040

    $1,699,000

    • 8 Beds
    • 10 Baths
    • 2,432 Sq Ft
    • 720 Emma St
    • Key West, FL

    Unique opportunity for a creative buyer to own this 3 residential unit property. Would be a great for business owner looking for employee housing. Update all 3 homes for a family compound. Currently setup as roommate style living with a gross income of $15,000. a month. Don't miss this great location in Bahama Village steps from the Truman Waterfront, Ft. Zach beach, restaurants, galleries, shops

    Wendy Zintsmaster Truman & Co. (KW)

    Section Image
  • 1215 Bay St, Key West, FL 33040

    $1,249,000

    • 4 Beds
    • 3 Baths
    • 1,740 Sq Ft
    • 1215 Bay St
    • Key West, FL

    This charming four-bedroom, three-bathroom duplex is a rare find, nestled on a generous 7,500 sq. ft. lot that provides plenty of room for relaxation, gardening, or entertaining. Surrounded by lush foliage, the property offers a serene sense of privacy and seclusion, making it a perfect retreat. Centrally located, you'll enjoy easy access to shopping, dining, and the beach, with Old Town Key West

    Justyn Ewald Expert Realty LLC (HQ)

    Section Image
  • 1621 Josephine St, Key West, FL 33040

    $1,701,000

    • 8 Beds
    • 4 Baths
    • 3,200 Sq Ft
    • 1621 Josephine St
    • Key West, FL

    Prime 2 duplexes, each a 2/1 up & 2/1 down for a total of 8 bedrooms, 4 baths. Each unit has a generous covered porch extending the living area to the outdoors. Behind and between the 2 buildings is vacant land, room for a pool or outdoor storage, etc. Off-street parking for 4 cars. There's a lovely specimen Buttonwood tree at the entry to the property. A good investment for owner occupancy and

    Jeffrey Dunaway Key West Realty, LLC (KW)

    Section Image
  • 1409 4th St, Key West, FL 33040

    $1,349,000

    • 4 Beds
    • 3 Baths
    • 2,664 Sq Ft
    • 1409 4th St
    • Key West, FL

    Don't miss this rare opportunity to own a legal duplex on a spacious 10,000 SqFt corner lot! The main residence, solid CBS construction, offers 2 bedrooms, 2 bathrooms, and a generous 2,004 SqFt of living space. The open-concept layout features a large living room, a well-appointed kitchen with an adjoining dining area, and plenty of natural light. There's also a garage, laundry room, and

    Keys Team Bryant and Kat Expert Realty LLC (HQ)

    Section Image
  • 1006 16th Terrace, Key West, FL 33040

    $1,300,000

    • 5 Beds
    • 3 Baths
    • 2,016 Sq Ft
    • 1006 16th Terrace
    • Key West, FL

    Welcome to 1006 16th Terrace, a charming two-story residence nestled in the New Town area of Key West, Florida. This well-maintained home boasts 5 bedrooms and 3 bathrooms offering a floorplan that will accommodate multiple situations. The exterior of the home is a testament to meticulous landscaping, creating a serene and inviting atmosphere. A large, detached storage unit provides

    Barbara Crespo Keller Williams Key West Compass Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2018 07/27/18 Sold $1,435,000 -14.3% $648 / Sq Ft
05/01/2018 05/01/18 Pending -- -- --
02/23/2018 02/23/18 For Sale $1,675,000 +91.4% $756 / Sq Ft
03/09/2015 03/09/15 Sold $875,000 -7.9% $356 / Sq Ft
03/03/2015 03/03/15 Pending -- -- --
01/28/2014 01/28/14 For Sale $950,000 -- $386 / Sq Ft
Source: Florida Keys Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 578921

Florida Keys Board of REALTORS®

APN: 00007420000000066825