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316 Elizabeth Street, Key West, FL 33040

$1,780,000
Property Type: Commercial Lot Size (sq. ft.): 12,060 Status: Closed
Current Price: $1,780,000 List Date: 7/30/2008 Last Modified: 9/09/2024

Overview

Description

Attractive historic three-story building totaling eight residential income producing apartments. Situated on a huge 12,060 Sq Ft Old Town lot with incredible opportunity for development, as existing 4900 sq ft structure sits on the very front of the lot. The historic building currently includes two 2BD/1BA apartments, four 1BD/1BA apt's and two spacious studio apartments. In wonderful shape, with updated electric, new PVC Plumbing & many new windows, stained glass doors, tall ceiling heights, hardwood floors, 3rd story terrace and an enormous amount of off-street parking (26 spaces). Great income producer as is or plans approved for an additional 2 units & pool. Owner is a licensed Florida Realtor.

Listing Details MLS# 109045

Location, Tax & Legal

Street #
316
Street Name
Elizabeth
Street Suffix
Street
Key/Island
Key West
State/Province
FL
Zip Code
33040
Subdivision
Old Town - Unlisted (1.0)
Area
01 - Key West
KW Neighborhood
Old Town-N of Truman
City
KEY WEST
Mile Marker
1
Side
Median
Flood Zone
X500
Alternate Key #
1004111
Parcel #
00003950-000000
Bldg Nbr
No
Zoning
HMDR - Historic Medium Density Residential
Legal
Kw Pt Lot 2 Sqr 23 G9-348/51 G73-410/11 H1-159 Or5 39-866 Or562-204 Or934-2104q/C Or970-146 Or974...
Taxes
20096
Tax Year
2006

Contract Information

Listing Board
Key West Association
Range Pricing
No
Limited Representation
No
As is Rght to Inspct
Yes
For Sale/Lease
For Sale
Potential Short Sale
No

General Property Description

Realtor.COM Type
Commercial
Style
Residential Income
Lot SqFt
12060
Waterfront
No
Business Name
N/A
# Parking Spaces
26
Off Street Parking
Yes
# Stories
3
Total # Buildings
Yes
Building SqFt
4900
Total Units
8
Year Built
1933
Building Ht. Ft.
0

Status Change Info

Sold Date
2009-07-08

License Info

# of City License
8
# of County License
8
Non Trans Rntl Lic
Yes

Association Info

Mandatory Home Owners Asc
No
Association Fee $
0

More Information

Vehicle Storage

Car(s)
4+
Off Street Parking
Yes

Financial Status

Potential Short Sale
No

Remarks & Misc

Remarks – Consumer
Attractive historic three-story building totaling eight residential income producing apartments. Situated on a huge 12,060 Sq Ft Old Town lot with incredible opportunity for development, as existing 4900 sq ft structure sits on the very front of the lot. The historic building currently includes two 2BD/1BA apartments, four 1BD/1BA apt's and two spacious studio apartments. In wonderful shape, with updated electric, new PVC Plumbing & many new windows, stained glass doors, tall ceiling heights, hardwood floors, 3rd story terrace and an enormous amount of off-street parking (26 spaces). Great income producer as is or plans approved for an additional 2 units & pool. Owner is a licensed Florida Realtor.

Deed Restrictions

Unknown
Yes

Dockage

None
Yes

Property Info

Gross Annual Expense
0
NOI
0

Cooling

Ceiling Fans(s)
Yes
Wall/Window Unit(s)
Yes

Electric

Circuit Breakers
Yes

Floor

Carpet
Yes
Vinyl
Yes
Wood
Yes
Other
Yes

Windows/Doors

Other Windows/Doors
Yes
Wood Windows
Yes

Construction

Frame
Yes

Land Size

1/4 - 1/2 Acre
Yes

Utilities

Cistern
Yes
FKAA
Yes
Municipal Sewer
Yes

Title

Negotiable
Yes

Show

Pet on Premises
Yes

Miscellaneous

Residence on Premise
Yes

Roof

Metal Roof
Yes

Tenant Paid

Cable
Yes
Electric
Yes

Property Features

Deed Restrictions: Unknown License Info: Non Trans Rntl Lic Dockage: None Vehicle Storage: Off Street Parking Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: Cistern; FKAA; Municipal Sewer Miscellaneous: Residence on Premise Construction: Frame Electric: Circuit Breakers Floor: Carpet; Vinyl; Wood; Other Roof: Metal Roof Land Size: 1/4 - 1/2 Acre Title: Negotiable Tenant Paid: Cable; Electric Show: Pet on Premises
Listing Office: Truman & Co. (KW)
Last Updated: September - 09 - 2024
Broker Attribution: 305-587-3407

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.