1221 Packer Street, #1-5

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

MLS ID# 603383 Active
Residential Income

Get directions

$2,349,000

0.08 acres

• Images
• Map

View Larger

 

• Description
• Location, Tax & Legal
• General Property Description
• Details
• Virtual Tour 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
• Subdivision GG Watson Sub (1.0)
• Mile Marker 1
• County Monroe
• 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
• Add'l Parcel #1 See Agent Remarks
• Parcel # 00032031-000100
• Zoning HMDR - Historic Medium Density Residential
• Legal UNIT 1 TURTLE COVE CONDOMINIUM OF KEY WEST
• Taxes 3719.87
• Tax Year 2021

General Property Description

• Realtor.COM Type Commercial
• Style Residential Income
• Lot Size 35 X 93.5 and 23 x 93.5
• Lot SqFt 3273
• Waterfront No
• Control Depth 0
• # Parking Spaces 3
• Off Street Parking Yes
• # Stories 2
• Total # Buildings 2
• Building SqFt 2914
• SqFt Source Seller
• Net Leasable Area 2914
• Total Units 5
• Year Built 1953
• Total Bedrooms 6
• Full Baths 5
• Half Baths 1
• Total Baths 6

Details

• Association Info

  No Mandatory Home Owners Asc, Condo Doc's, No 1st Right of Refusal

• Accounts & Meters

  # Water Meters:2, # Electric Meters:5

• Property Info

  # Kitchens:5, # Refrigerators:5, # Washers:2, # Dryers:2, # Dishwashers:5, 1 Bed/Bath:4, 2 Bed/Bath:1

• Type

  Apartment 3 or more

• Waterfront

  None

• Waterview

  No Waterview

• Dockage

  None

• Vehicle Storage

  Car(s):3, Off Street Parking

• Cooling

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

• Utilities

  FKAA, Municipal Sewer, Separate Meters

• Interior Features

  Cathedral Ceilings, Drapes/Blinds Incl, Smoke Alarms, Window Treatments, Other

• Appliances

  Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer

• Miscellaneous

  Fencing, Patio, Storage

• Construction

  CBS, Combo Construction, Frame

• Windows/Doors

  Aluminum Windows, French Doors

• Floor

  Tile, Wood

• Roof

  Metal Roof

• Land Size

  Less Than 1/4 Acre

• Fee Includes

  None

• Show

  24 Hour Notice, Sign on Property, Tenant Occupied

• Financial Status

  No Bank Owned, No Potential Short Sale