
2616 Patterson Ave Key West, FL 33040
Mid Town NeighborhoodEstimated payment $12,328/month
About This Home
LEGAL QUADPLEX SPECIAL! Located in the heart of the island, this TURNKEY four unit concrete FORTRESS features two 2/1 units up and two similar units down and has NEVER FLOODED. Recently completed upgrades include a complete outside facelift and new impact doors and windows, in addition to all new wiring from the street to the meters.From a solid metal roof to tile floors throughout - this building is top to bottom FLAWLESS. Did I mention there is plenty of on site parking?Ample room to add a pool and hot tub!!A savvy investor will purchase as a stable cash cow, a primary resident can occupy one unit through a 3.5% down FHA loan and collect solid rental income, or a creative builder could convert it to two duplexes and sell the highly sought after ROGO units. Whichever position you are in - DO NOT DELAY - this will not last. Seller is motivated and ready to make a deal. Recent appraisal in HAND.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,957
Year Built
- Built in 1963
Home Design
- 2,880 Sq Ft Home
- Split Level Home
- Metal Roof
- Pre-Cast Concrete Construction
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Additional Features
- Range
- 5,000 Sq Ft Lot
- Public Hookup Available For Sewer
Listing and Financial Details
- Homestead Exemption
- Assessor Parcel Number 00050740-000000
Community Details
Overview
- No Home Owners Association
- 4 Units
- Key West Realty Cos Sub Subdivision
- Rental Restrictions
Pet Policy
- Pet Restriction: YES
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2024 | $7,475 | $976,546 | $460,000 | $516,546 |
2023 | $7,475 | $787,850 | $0 | $0 |
2022 | $6,715 | $676,575 | $0 | $0 |
2021 | $6,311 | $565,877 | $0 | $0 |
2020 | $6,294 | $569,642 | $0 | $0 |
2019 | $5,910 | $521,125 | $0 | $0 |
2018 | $6,253 | $552,530 | $0 | $0 |
2017 | $6,252 | $544,706 | $0 | $0 |
2016 | $6,208 | $535,869 | $0 | $0 |
2015 | $5,963 | $488,724 | $0 | $0 |
2014 | $5,659 | $424,837 | $0 | $0 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/05/2025 08/05/25 | For Sale | $2,100,000 | -- | $729 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Quit Claim Deed | -- | Attorney | |
Quit Claim Deed | -- | -- | |
Warranty Deed | $310,000 | -- | |
Warranty Deed | $251,000 | -- | |
Warranty Deed | $187,000 | -- | |
Warranty Deed | $130,000 | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $191,000 | New Conventional | |
Previous Owner | $235,000 | Commercial | |
Previous Owner | $60,000 | Credit Line Revolving | |
Previous Owner | $285,000 | Commercial | |
Previous Owner | $279,000 | Commercial |
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Source: Marathon and Lower Keys Association of REALTORS®
MLS Number: 616054
APN: 00050740-000000
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