1803-1805 Atlantic Boulevard
1803-1805 Atlantic Boulevard
1803-1805 Atlantic Boulevard
1803-1805 Atlantic Boulevard
1803-1805 Atlantic Boulevard
1803-1805 Atlantic Boulevard
1803-1805 Atlantic Boulevard
1803-1805 Atlantic Boulevard
1803-1805 Atlantic Boulevard
1803-1805 Atlantic Boulevard
1803-1805 Atlantic Boulevard
1803-1805 Atlantic Boulevard
1803-1805 Atlantic Boulevard
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Sold

1803-1805 Atlantic Boulevard

1803-1805 Atlantic Boulevard, KEY WEST, FL 33040

$2,400,000
Perfect 1031 Exchange! Priced to Sell!DO NOT MISS this 7 unit apartment complex that is centrally located steps to both Smathers and Higgs Beach and a 5 minutes bike ride to world Famous Duval st. The 3 building complex houses (1) 3bed/2bath, (4) 2bed/2 bath, and (2) 1bed/1bath, with one of the largest residential swimming pools in Key West. Interiors updated with marble countertops, tile floors, and recessed lighting. All master baths have Jacuzzi tubs. Each unit has individual laundry, utility meters and one assigned parking space. This will not last so call today! A pleasure to show, but 48 hour notice needed for inside Current cap rate 4.24% . Projected Cap Rate of 5.12% with simple rent increases. Huge ROI possible by converting to condominium. Gross Income of $192K with $51,244 insurances and $13,707 in taxes.

13
beds

12
baths

6,480 Sq.Ft. LIVING AREA

0.11 Acres lot

Jeanette Silvestri

Jeanette Silvestri

Features & Amenities

Interior

  • total bedrooms13
  • Total bathrooms12
  • full bathrooms12
  • APPLIANCES Refrigerator, Washer

Area & Lot

  • Status Sold
  • Living Area6,480 Sq.Ft.
  • Lot Area0.11 Acres
  • MLS® ID597772
  • TypeRESIDENTIAL
  • YEAR BUILT1975
  • Architecture StylesMulti-Units
  • Water FrontageNo
  • View DescriptionNo Waterview

Exterior

  • utilitiesBuyer to Verify, FKAA
  • PoolIn Ground
  • roofMetal Roof
  • AIR CONDITIONINGCentral A/C

Financial

  • Sales Price$2,400,000
  • Real Estate Tax $13,707/yr
  • HOA Fees $0.00
  • Zoning MDR-1 - Medium Desnity Residential

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