$2,100,000

Estimated payment $12,328/month

Total Views 623
8 Beds
4 Baths
2,880 Sq Ft
$729 Price per Sq Ft

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.

Listing Agent

Mike Kane

Internet Realty of the Florida Keys License #3422118 Listed on: 08/05/2025

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,957

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 3
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Midtown West
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 3.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Side: Median
  • State Province: FL
  • Taxes: 9957.25
  • Year Built: 1963
  • Alternate Key Number: 1051357
  • Building Style: Split Level
  • Lot Sq Ft: 5000.00
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2880.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Range
  • Total Bedrooms: 8
  • Sq Ft Remarks: Each Unit is 720 SF

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Concrete
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Buyer to Verify

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00050740-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2024

Multi Family

  • Total Units: 4.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 For Sale $2,100,000 -- $729 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

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 --
Source: Public Records

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
Source: Public Records

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Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 616054

APN: 00050740-000000