Key West - Beach Property For Sale #1832104

Perfect 1031 Tax Exchange candidate. Newly constructed to current building codes, mixed use com/res compound - ( 2 ) licensed residential units & ( 2 ) commercial licensed units. ** COMMERCIAL BLDG >> 2 story, street side frame structure - 1st flr approx 900 sqft, 2nd flr. approx 800 sqft. - Both flrs have fully ADA compliant restrooms, 9 ft high ceilings, ceiling fans recessed lighting, central a/c, washer/dryer hookups and wired/ plumbed for refrigerator & sinks. 2nd flr unit has 30 ft wide, balcony overlooking Truman Ave. ADA compliant elevator. ** RESIDENTIAL UNITS >> common wall, 2 story duplex in rear bldg. Each unit, 950 sq.ft. - 2 bdrm/2.5 bthrms, central a/c, ceiling fans, vaulted 2nd floor bedrms, island kitchens, W/D hook ups, tile floors & double sliding glass doors to private, heavily shaded rear decks. Top grade finishes throughout. No parking on site. - See insurance quotes & floor plans in 'Documents' Tab. - - - RENT SCHEDULE - -Mature landscaping in common area between front commercial bldg & rear residential units. 1st flr commercial leased @ $2,584 per month + utilities, expires 2025. - 2nd floor commercial @ $2,600 / month + utilities - expires 12/2022. Both apartments leases @ $2,700 / mo. + utilities - - both expire in the fall. All 4 units are licensed & utility metered separately. - Current Base Rent for all 4 units - $124,400 / year. (as of 8/2022)