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Wade M. Berlin

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909 Grinnell Street
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PRICED AT ONLY: $1,899,000

Address: 909 Grinnell Street, KEY WEST, FL 33040

Description

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! 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.

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  • MLS#: 615913 ( Multi-Family )
  • Street Address: 909 Grinnell Street
  • Viewed: 25
  • Price: $1,899,000
  • Price sqft: $681
  • Waterfront: No
  • Waterfront Type: None
  • Year Built: 1976
  • Bldg sqft: 2790
  • Bedrooms: 7
  • Total Baths: 6
  • Full Baths: 6
  • Days On Market: 295

Description

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! 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.
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Features
Building and Construction
  • Absolute Longitude: 81.793612
  • Construction: CBS
  • Sqft Source: Tax Records
  • Total Number Of Units: 7.00
Property Information
  • Property Group Id: 19990816212109142258000000
Eco-Communities
  • Water View: No Waterview
Utilities
  • Cooling: Wall/Window Unit(s)
  • Kw Neighborhood: Old Town-N of Truman
  • Pets: Pets Allowed
  • Pub Sewer Hkup: Yes
  • Utilities: Buyer to Verify
Finance and Tax Information
  • Association Info Association Fee: 0.00
  • Fee Includes: None
  • Tax Year: 2024
Rental Information
  • Min Rental Days: 30.00
  • Rentals Allowed: With Restrictions
Other Features
  • Alternate Key Num: 1021610
  • Appliances Other: some appliances
  • Association Info 1st Right Of Refusal: No
  • Association Info Mandatory Home Owners Asc: No
  • Deed Restrictions: Unknown
  • Dockage: None
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Legal Description: KW PT LOT 6 SQR 3 TR 6 OR271-249/50 OR387-305 OR616-188 OR943-963/64 OR943-2119/21 OR954-1883 OR955-2017/20 OR955-2021
  • Mile Marker: 1.00
  • Parcel Num: 00020870-000000
  • Side: Median
  • Style: Multi-Units
  • Views: 25
  • Zoning: HHDR - Historic High Density Residential
Nearby Subdivisions
Benj Alburys Subd (2.0)   Key West Realty Cos Sub (3.0)   New Town - Unrecord (3.0)   Old Town - Unlisted (1.0)   Old Town - Unrecord (1.0)   Sunshine Sub Plat 3 (3.0)  
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Contact Info

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  2. The Real Estate Professional You Deserve
  3. Mobile: 904.248.9848
  4. phoenixwade@gmail.com
Wade M. Berlin

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