2322-2324 Seidenberg Avenue, Key West, FL 33040

$2,300,000
8
BD
4
BA
750
SqFt
List Price
$2,300,000
MLS#
610098
Days on Market
32
Year Built
1963
Style
Townhouse
Bedrooms
8
Bathrooms
4
Acres
0.05
Living Area
750
Region
Key West
Neighborhood
Midtown East
Subdivision
Key West Realty Cos Sub (3.0)

Property Description

Development Opportunity. (4) townhouse unit complex situated on a heavily landscaped 10,000 sq ft parcel. Comprised of (2) side by side duplexes legally subdivided as ( 4 ) individual, 750 sq ft licensed units, with (4) separate legal descriptions, parcel numbers, insurance policies, & utilities meters. At one time, there were four individual loans on each of the units as well.**** The only common area is the roof over each duplex, the shared wall between the units and walkways between, and on either side of each of the (2) duplexes. **** Each unit has its own laundry room addition directly off the kitchens with separate exterior screen doors - - (4) pairs of new washers & dryers. Current below market rents for each 2 bedroom, 1 bathroom unit runs between $2,225 to $2,900 with the lower rents soon to be increased.***** Always operated as a successful rental property, the units were never sold off, which is definitely the Highest and Best use of the complex. Added value would be to install a lap pool/ patio area in the 100' wide back yard as a common use amenity. 2nd option - would be to provide a private pool area for each of the rear (2) units, giving each one half of the large rear yard, greatly increasing their sale value. Mature landscaping that has been well maintained surrounds the property and separates the units. Other valuable amenities are the over sized covered front porches with high open beamed ceilings offering additional square footage - and - valuable on site parking for 10 cars. The property has been continually well maintained - painted, new air conditioners & water heaters replaced when needed and blinds & curtain rods on all windows. All roof screws were replaced & new ones added to code standards. ***** Under ''Documents Tab'', see the survey with legal descriptions for each unit, floor & site plan & aerial photo. (4) Windstorm, Flood, Fire & Liability policies in place. Call for additional information. Realtor owned.

Additional Information

Hoa Fee Amt
1
Hoa Includes
None
Lot Size
10,000
Lot Dimensions
100 x 100
Roof
Metal Roof
Interior Features
Smoke Alarms
Utilities
Community Swr Plant, Water Separate Meter, FKAA, Elect Separate Meter
Floors
Terrazzo
Appliances
Dryer, Washer, Refrigerator, Range
Waterfront Desc
None
Waterview Desc
No Waterview
Construction
CBS, Concrete

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway Knight & Gardner.