1221 Packer Street, #1-5

Key West, FL 33040 / GG Watson Sub (1.0)

MLS ID# 603360 Active
Multi-Units

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$2,349,000

6 beds

6 baths

******** Garage

2914 sqft

0.08 acres

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• Description
• Location, Tax & Legal
• General Property Description
• Details
• Video 1

Description

Rare 5 unit property, split between 2 buildings. Located centrally in the middle of Old Town Key West in the X flood zone. All units are turn-key and in great shape, recently painted and ready to be rented. The 2/1 unit is tenant occupied. There are 4 x 1 bed/ 1 bath units all currently vacant. This unique fenced property offers 3 off-street parking spots, private porches and common area space with coin operated washer and dryer. Perfect for investors, owner occupiers, or employee housing. No deferred maintenance, just a great turn-key property with 5 electric meters and 5 Parcel ID's. Projected monthly income from annual tenants is $12,800. Vacation Rentals could be a lot more. Seller has Business Tax License for all 5 units Rare 5 unit property, split between 2 buildings. Located centrally in the middle of Old Town Key West in the X flood zone. All units are turn-key and in great shape, recently painted and ready to be rented. The 2/1 unit is tenant occupied. There are... show more

Location, Tax & Legal

• Street # 1221
• Street Name Packer
• Street Suffix Street
• Unit # 1-5
• Key/Island Key West
• City KEY WEST
• State/Province FL
• Zip Code 33040
• County Monroe
• Subdivision GG Watson Sub (1.0)
• Mile Marker 1
• Area 02 - Key West
• KW Neighborhood Old Town-S of Truman
• Marathon Neighborhood N/A
• Side Median
• Flood Zone 0.2 PCT ANNUAL CHANC
• Alternate Key # 9088732
• Parcel # 00032031-000100
• Zoning HMDR - Historic Medium Density Residential
• Deed Restrictions Unknown
• Legal UNIT 1-5 TURTLE COVE CONDOMINIUM OF KEY WEST. Please see property record cards for full legal descriptions of each unit.
• Taxes 3719.87
• Tax Year 2021
• Pub Sewer HkUp Yes

General Property Description

• Realtor.COM Type Multi-family
• Style Multi-Units
• Waterfront No
• Control Depth 0
• Pool No
• Year Built 1953
• Total Units 5
• Lot SqFt 3273
• Living Apx SqFt 2914
• SqFt Source Seller
• Total Bedrooms 6
• Full Baths 5
• Half Baths 1
• Total Baths 6
• Floor Number 2
• Rentals Allowed With Restrictions
• Min Rental Days 30

Details

• Association Info

  No Mandatory Home Owners Asc, Condo Doc's, No 1st Right of Refusal, Association Fee $:0

• Fee Includes

  None, Other

• Tax Exemptions

  None

• Waterfront

  None

• Waterview

  No Waterview

• Dockage

  None

• Building Style

  Above Flood:Unknown, Stories:2 Stories

• Vehicle Storage

  Car(s):3, Off Street Parking

• Cooling

  Ceiling Fans(s), Central Air, Wall/Window Unit(s)

• Porch/Balcony

  Deck, Open Porch/Balcony, Roof Top Deck

• Utilities

  Elect Separate Meter, FKAA, Municipal Sewer, Water Separate Meter

• Interior Features

  Built-in Cabinets, Cathedral Ceilings, Drapes/Blinds Incl, Granite Counter Top, Sky Light(s), Smoke Alarms

• Appliances

  Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Stainless Steel Appliance(s), Washer

• Exterior Features

  Fencing, Lighting, Privacy Wall/Fence, Rain Gutters

• Construction

  CBS, Combo Construction, Frame

• Windows/Doors

  Aluminum Windows, French Doors

• Floor

  Tile, Wood

• Roof

  Metal Roof

• Pets

  Pets Allowed

• Land Size

  Less Than 1/4 Acre

• Show

  24 Hour Notice, 48 Hour Notice, Call List Agent, Sign on Property, Tenant Occupied