1122 Simonton St - Apartments FOR SALE


Key West, FL 33040
$2,750,000 USD
305-394-9020
1122 Simonton St, Key West, FL for Sale
$2,750,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

1122 Simonton St
Key West, FL 33040


OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$1,063 USD /SF

# OF UNITS

5

PRICE/UNIT

$550,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,866 SF

ZONING

HNC-1

APN/PARCEL ID

00027610-000000

ASK ABOUT THIS PROPERTY

Will LangleyBerkshire Hathaway Knight & Gardner RealtyMore Info
305-394-9020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Will LangleyBerkshire Hathaway Knight & Gardner RealtyMore Info
305-394-9020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.