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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! Priced at less than $272K per unit! Recent changes to IRS tax code (such as accelerated depreciation) can benefit RE Investors ask your tax expert. Prime Old Town 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 attractions 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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More Like This
  • MLS#: 615914 ( Apartment 3 or more )
  • Street Address: 909 Grinnell Street
  • Viewed: 25
  • Price: $1,899,000
  • Price sqft: $0
  • Waterfront: No
  • Waterfront Type: None
  • Year Built: 1976
  • Bldg sqft: 0
  • Bedrooms: 7
  • Total Baths: 6
  • Full Baths: 6

Description

Rare opportunity to acquire SEVEN units in the X Flood Zone in Old Town Key West. That's correct, seven market rate units! Priced at less than $272K per unit! Recent changes to IRS tax code (such as accelerated depreciation) can benefit RE Investors ask your tax expert. Prime Old Town 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 attractions 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
  • Construction: CBS
  • Net Leasable Area: 2790.00
  • Num Stories: 2.0
  • Sqft Source: Tax Records
  • Total Number Of Units: 7.00
Property Information
  • Property Group Id: 19990816212135227274000000
Eco-Communities
  • Water View: No Waterview
Utilities
  • Cooling: Central Air
  • Kw Neighborhood: Old Town-N of Truman
  • Utilities: Buyer to Verify
Finance and Tax Information
  • Fee Includes: None
  • Tax Year: 2024
Other Features
  • Alternate Key Num: 1021610
  • Appliances Other: YES
  • As Is Rght To Inspct: Yes
  • 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: Commercial
  • Views: 25
  • Year Established: 0000-00-00
  • Zoning: HDR - High Density Residential
Nearby Subdivisions
Benj Alburys Subd (2.0)   Blvd Professional (3.0)   Duval Sq Ph 1 & 2 (1.0)   Flagler Center Ph 3 (3)   Gwynn Sub (1.0)   Jack Sq Prof Cent (1.0)   Key West Golf Club Dev (4.0)   New Town - Unlisted (2.0)   Offices At Northside (3.0)   Old Town - Unlisted (1.0)   Old Town - Unrecord (1.0)   Riviera Shores (3.0)   Seafoam (2.0)   W C Maloney Diagram (2.0)  
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Wade M. Berlin

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