$1,750,000
Key West, FL 33040
MLS# 600869
Status: Closed
3 beds | 3 baths | 1676 sqft

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Property Description
This is an exceptional property in a great Old Town Key West location with OWNER FINANCING possible. Three legal, separately metered units, in a 1676 square foot building located in the Historic Residential/Office zoning district (HRO). The building can be used for either residential, offices, or be mixed use. The front two units (downstairs and upstairs) are currently used as a combined space with the original historic interior staircase and much of the original trim-work. The building is designated as an historic structure originally built by Bradish W. (Hog) Johnson, Master Wrecker 1846-1914 and owner of Key West Wrecking Company, from ships' timbers salvaged from the reefs off of Key West. For residential use an on-street parking permit can be purchased from the City for approximately $80/year to use in metered parking areas in front of the building. For office use the City requires one reserved parking space for every 300 square feet of building used for offices to be located within 500 feet of the building. The building has been completely renovated and updated for its current use as offices in the front of the building (downstairs and upstairs units) and a separate rear centrally air conditioned one bedroom apartment with a private rear yard and deck. All new interior wiring and exterior meter bases. New plumbing lines, water heaters, and modern fixtures throughout. Also recently installed code compliant roofs, shutters, windows and doors. The main levels of the building are ADA compliant with bricked walkways and ramps incorporated into a nicely landscaped yard. A Letter of Map Amendment (LOMA) was obtained from the National Flood Insurance Program (NFIP) classifying the building as being in the equivalent of an X-Zone for flood insurance purposes.
Details
Maps
Contract Information
Current Price: $1,750,000
Listing Date: 2022-05-04
Listing Board: Key West Association
Leased Price Monthly: $1,750,000
As is Rght to Inspct: Yes
Species List: No
Location, Tax & Legal
Street #: 305
Street Name: Whitehead
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unrecord (1.0)
Area: 01 - Key West
General Property Description
Realtor.COM Type: Multi-family
Style: Single Family
Waterfront: No
Pool: No
Year Built: 1938
Total Units: 3
Lot SqFt: 3120
Acres: 0.07
Living Apx SqFt: 1676
SqFt Source: Tax Records
Total Bedrooms: 3
Full Baths: 3
Total Baths: 3
Rentals Allowed: With Restrictions
Min Rental Days: 30
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
Transient Rntl Licns: No
Building Style
Above Flood: Unknown
Financial Status
Standard Sale: Yes
Status Change Info
Under Contract Date: 2022-06-27
Leased Date: 2022-06-29
Leased Price Monthly: $1,750,000
Status: Closed
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Furnished: Partially
Cooling: Heat; Heat Pump
Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Pre-Wired: Cable
Appliances: Dishwasher; Disposal; Dryer; Refrigerator; Washer
Accessibility Feat: Accessible
Construction: Frame
Floor: Wood
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Seller Finance Psble
Listing Office: Preferred Properties (KW)
Last Updated: August - 26 - 2024
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