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5331 5th Ave 4 Unit Apartment Building $2,050,000 ($512,500/Unit) Key West, FL 33040
Investment Highlights
- Prime Location
- 4 Parcels
- MU- Mixed Use Zoning. ROGO exempt for 6 or 7 units may be possible.
- Minutes to Key West
- 7 Electric Meters. 7 Water Meters.
Executive Summary
Listed by Bascom Grooms IV (305) 304-7444 Attention Developers and Investors! This is a unique opportunity to acquire four parcels totaling 30,000 square feet of prime land just minutes from Key West. Ideally situated at Mile Marker 5, this property boasts a central location near some of the area's most sought-after resorts, dining establishments, and marinas. Whether you're looking to develop a new residential community, a commercial venture, or a combination of both, this land offers incredible potential. Its proximity to key attractions and amenities ensures a steady flow of visitors and residents, making it an ideal investment for future growth and profitability. 7 Electric Meters. 7 Water Meters. MU- Mixed Use Zoning. ROGO exempt for 6 or 7 units may be possible.
Property Facts
| Price | $2,050,000 | Building Class | C |
| Price Per Unit | $512,500 | Lot Size | 0.66 AC |
| Sale Type | Investment | Building Size | 4,119 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1938 |
| Property Subtype | Apartment | Parking Ratio | 3.36/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MU - Mixed Use | ||
| Price | $2,050,000 |
| Price Per Unit | $512,500 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 4,119 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1938 |
| Parking Ratio | 3.36/1,000 SF |
| Zoning | MU - Mixed Use |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 00126840-000000 | Improvements Assessment | $139,527 |
| Land Assessment | $487,500 | Total Assessment | $627,027 |
Property Taxes
Parcel Number
00126840-000000
Land Assessment
$487,500
Improvements Assessment
$139,527
Total Assessment
$627,027
Contact
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Bascom Grooms -
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5331 5th Ave