PRICED AT ONLY: $1,050,000
Address: 1018 Georgia Street, Key West, FL 33040
Description
Income producing Duplex in Old Town Key West! Fully renovated offering strong income potential and turnkey condition. Recent upgrades include a new roof, siding, impact windows, updated kitchens and baths, and new flooring in the rear unit. The downstairs features two lockout units rear unit projected at $2,800/month with large private backyard, and front unit at $2,300/month. Upstairs treetop unit is currently tenant occupied. Total projected income of approximately $7,800/month ($93,600 annually), reflecting an estimated 8.5% cap rate. Centrally located directly across from Bayview Park, this property offers consistent rental demand and separate electric. X Flood zone with plenty of room for a pool in the backyard.
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- MLS#: R11168914 ( Residential Income )
- Street Address: 1018 Georgia Street
- Viewed: 3
- Price: $1,050,000
- Price sqft: $345
- Waterfront: No
- Year Built: 1942
- Bldg sqft: 3042
- Total Baths: 3
- Days On Market: 25
- Additional Information
- Geolocation: 25 / -82
- County: Monroe
- City: Key West
- Zipcode: 33040
- Subdivision: Casa Gato (2.0)
- High School: Key West
- Provided by: Coldwell Banker Schmitt RE Co
- DMCA Notice
Features
Building and Construction
- Fencing: Fenced
- Flooring: Tile, Wood
- Other Structures: Shed(s)
- Roof: Metal
Land Information
- Lot Features: Room for Pool
School Information
- High School: Key West
Eco-Communities
- Water Source: Public
Utilities
- Cooling: Ceiling Fan(s), Wall/Window Unit(s)
- Electric: Three Phase
- Heating: Window/Wall
- Sewer: Public Sewer
- Utilities: Sewer Available, Water Available
Amenities
- Association Amenities: Baseball/Softball Field, Basketball Court, Park, Playground, Sidewalks, Tennis Court(s)
Finance and Tax Information
- Tax Year: 2025
Rental Information
- Tenant Pays: Electricity, Water
Other Features
- Legal Description: KW PT OF TR 14 G12-259
- Parcel Number: 00033870000000
- Zoning Code: HMDR - Historic
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Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
