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909 Grinnell St 7 Unit Apartment Building $1,899,000 ($271,286/Unit) Key West, FL 33040
Executive Summary
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! Plus, recently passed legislation benefits RE investors - just 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.
Property Facts
| Price | $1,899,000 | Building Class | B |
| Price Per Unit | $271,286 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 3,600 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1976 |
| Property Subtype | Apartment | Parking Ratio | 1.08/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | HDR - High Density Residential | ||
| Price | $1,899,000 |
| Price Per Unit | $271,286 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.08 AC |
| Building Size | 3,600 SF |
| No. Stories | 2 |
| Year Built | 1976 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | HDR - High Density Residential |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
Walk Score®
Walker's Paradise (91)
Bike Score®
Biker's Paradise (96)
Property Taxes
| Parcel Number | 00020870-000000 | Improvements Assessment | $379,305 |
| Land Assessment | $959,814 | Total Assessment | $1,339,119 |
Property Taxes
Parcel Number
00020870-000000
Land Assessment
$959,814
Improvements Assessment
$379,305
Total Assessment
$1,339,119
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909 Grinnell St
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