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905 Grinnell Street
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PRICED AT ONLY: $2,500,000

Address: 905 Grinnell Street, KEY WEST, FL 33040

Description

BIG TIME INVESTMENT OPPORTUNITY in the heart of the Historic District of Key West. Originally built as a former church, this 4 unit active rental property offers 3,383 square feet of living space, featuring 8 bedrooms and 4 bathrooms, and currently generates $10,908.50 in monthly rental income. (See below for a breakdown of beds and baths per unit) With versatile possibilities, it has the potential for improvement and the possibility of condominium conversion. Each unit is large and spacious by Key West standards and includes high ceilings. The building is of concrete block construction and is currently undergoing exterior repairs to address some concrete spalling. Off street parking for three cars, a rarity for Old Town, Key West. This property is located in one of the most desirable neighborhoods and is just a short walk to World famous Duval street, the island's best restaurants, shopping and more! Unit breakdown: (A) 3BD/1BA leased for $3,039.50 per month (B) STUDIO/1BA leased for $2,369 per month (C) 2BD/1BA leased for $2,700 per month (D) 2BD/1BA leased for $2,800 per month

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More Like This
  • MLS#: 611809 ( Multi-Family )
  • Street Address: 905 Grinnell Street
  • Viewed: 13
  • Price: $2,500,000
  • Price sqft: $739
  • Waterfront: No
  • Waterfront Type: None
  • Year Built: 1959
  • Bldg sqft: 3383
  • Bedrooms: 8
  • Total Baths: 4
  • Full Baths: 4
  • Days On Market: 300

Description

BIG TIME INVESTMENT OPPORTUNITY in the heart of the Historic District of Key West. Originally built as a former church, this 4 unit active rental property offers 3,383 square feet of living space, featuring 8 bedrooms and 4 bathrooms, and currently generates $10,908.50 in monthly rental income. (See below for a breakdown of beds and baths per unit) With versatile possibilities, it has the potential for improvement and the possibility of condominium conversion. Each unit is large and spacious by Key West standards and includes high ceilings. The building is of concrete block construction and is currently undergoing exterior repairs to address some concrete spalling. Off street parking for three cars, a rarity for Old Town, Key West. This property is located in one of the most desirable neighborhoods and is just a short walk to World famous Duval street, the island's best restaurants, shopping and more! Unit breakdown: (A) 3BD/1BA leased for $3,039.50 per month (B) STUDIO/1BA leased for $2,369 per month (C) 2BD/1BA leased for $2,700 per month (D) 2BD/1BA leased for $2,800 per month
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Features
Building and Construction
  • Absolute Longitude: 81.793699
  • Construction: CBS
  • Floor: Tile
  • Porchbalcony: Deck, Patio
  • Roof: Metal Roof
  • Sqft Source: Property Data Card
  • Total Number Of Units: 4.00
Property Information
  • Property Group Id: 19990816212109142258000000
Garage and Parking
  • Vehicle Storage: Off Street Parking
Eco-Communities
  • Off Shore Island: No
  • Water View: No Waterview
Utilities
  • Cooling: Wall/Window Unit(s), Ceiling Fans(s)
  • Kw Neighborhood: Old Town-N of Truman
  • Pets Pets Wrestrictions: YES
  • Pub Sewer Hkup: Yes
  • Utilities: FKAA, Elect Separate Meter, Water Separate Meter, Buyer to Verify, Sewer Available, Municipal Sewer
  • Windowsdoors: French Doors, Other Windows/Doors
Finance and Tax Information
  • Association Info Association Fee: 0.00
  • Fee Includes: None
  • Tax Year: 2023
Rental Information
  • Rentals Allowed: With Restrictions
Other Features
  • Alternate Key Num: 1021601
  • Appliances: Washer, Microwave, Oven, Refrigerator, Dryer
  • Association Info 1st Right Of Refusal: No
  • Association Info Mandatory Home Owners Asc: No
  • Deed Restrictions: Unknown
  • Dockage: None
  • Flood Zone: X-500
  • Legal Description: KW PT LOT 4 AND PT LOT 2 SQR 3 TR 6 OR4-281/83 OR4-284/85 OR600-754/55 OR701-406 OR760-988 OR810-258/59 OR760-988 OR1063
  • Limitd Reprsntation: No
  • Mile Marker: 1.00
  • Parcel Num: 00020860-000000
  • Side: Median
  • Style: Multi-Units
  • Views: 13
  • Zoning: HHDR - Historic High Density Residential
Nearby Subdivisions
Benj Alburys Subd (2.0)   D T Sweenys Dia (1.0)   Gg Watson Sub (1.0)   Gwynn Sub (1.0)   Key West Investment Co Sub (1.   Key West Realty Cos Sub (3.0)   Macros Subd (2.0)   Maloney Sub (5.0)   Maloney Sub Subdivision (5.0)   Moffats Sub (2.0)   Old Town - Unlisted (1.0)   Old Town - Unrecord (1.0)   Pearlman Heights (4.0)   Prog Land Imp Co Diag (2.0)   Sunshine Sub Plat 3 (3.0)   Tropical Bldt & Investment Co    Truman Ave Condo (1.0)   W C Maloney Diagram (2.0)   Webb Realty Co Sub (1.0)  
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