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1122 Simonton St 5 Unit Apartment Building $2,450,000 ($490,000/Unit) Key West, FL 33040
EXECUTIVE SUMMARY
Excellent income producing rental property or employee housing with 5 units. All apartments are currently rented at below market rents. With its downtown location, low flood risk, turn-key income, and transient receivership zone, this property is perfectly positioned for savvy investors. Three 1bed 1bath units, One 2 bed 1 bath unit and one studio. Please note that advanced notice is required to arrange showings, and not all units may be available for viewing as they are currently rented.No sign on property
PROPERTY FACTS
| Price | $2,450,000 | Apartment Style | Low-Rise |
| Price Per Unit | $490,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| No. Units | 5 | Building Size | 2,587 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1913 |
| Zoning | HNC-1 | ||
| Price | $2,450,000 |
| Price Per Unit | $490,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,587 SF |
| No. Stories | 2 |
| Year Built | 1913 |
| Zoning | HNC-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 510 |
| 2+1 | 1 | - | 550 |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (83)
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1122 Simonton St
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