909 Grinnell Street

KEY WEST, FL 33040

About this property

Rare opportunity to acquire SEVEN units in the X-Flood Zone in Old Town Key West. That's correct, seven market rate units! That's less than $272K per unit! Renovations in progress. Recent changes to IRS tax code (such as accelerated depreciation) can benefit RE Investors - ask your tax expert. Prime location, just 1/2 block from cemetery and 1/2 block off Truman Ave. Currently configured as 6 units (but City recognizes 7). Presently being used as: one 2-bedroom unit, three 1-bedroom units and 2 studio units. All with separate exterior entrances. Convenient location is close to many Old Town hot spots including world famous Duval St.. Perfect for employee housing or income producing multi-unit property. Advanced notice required before showings and don't expect to see all six of the units at once. Please do NOT disturb tenants. This is a duplicate entry.

About this property

Rare opportunity to acquire SEVEN units in the X-Flood Zone in Old Town Key West. That's correct, seven market rate units! That's less than $272K per unit! Renovations in progress. Recent changes to IRS tax code (such as accelerated depreciation) can benefit RE Investors - ask your tax expert. Prime location, just 1/2 block from cemetery and 1/2 block off Truman Ave. Currently configured as 6 units (but City recognizes 7). Presently being used as: one 2-bedroom unit, three 1-bedroom units and 2 studio units. All with separate exterior entrances. Convenient location is close to many Old Town hot spots including world famous Duval St.. Perfect for employee housing or income producing multi-unit property. Advanced notice required before showings and don't expect to see all six of the units at once. Please do NOT disturb tenants. This is a duplicate entry.

Features and Additional Information

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$1,899,000 Active
7 Bed(s)
6
Baths
2,790 sqft

Presented By Key Colony Beach Realty

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Brokerage
Berkshire Hathaway HomeServices Knight & Gardner Realty
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Area Information

02 Key West | Monroe County | Old Town Unlisted (1.0)

$ 1,899,000
This listing is play_arrow 66.4% higher than the average in the area
$ 1,141,000 in the area
2,790 SqFt
This listing is play_arrow 160.3% larger than the average in the area
1,072 SqFt in the area
$ 681 $/SqFt
This listing is play_arrow 36.2% less than the average in the area
$ 1,067 $/SqFt in the area
475 days on site
This listing is play_arrow 258.5% above the average in the area
133 days on site in the area

Schools in the Area

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    Elementary School
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Listed By Walt Lee
Brokerage: Berkshire Hathaway HomeServices Knight & Gardner Realty

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