1018 Georgia ST, Key West, FL 33040
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Jay Julio C Chaves

Jay Julio C Chaves

+1(786) 402-9119
$ 999,999
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1018 Georgia ST Key West, FL 33040

1,452 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,452 sqft

Price per Sqft $688

Subdivision Casa Gato (2.0)

MLS Listing ID R11168914

Style Two Story,Twin Home,Duplex

HOA Y/N No

Year Built 1942

Annual Tax Amount $7,823

Tax Year 2025

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Duplex

Property Description

Income producing Duplex in Old Town Key West! The Owner would prefer to hold the financed note for a new owner. Fully renovated offering strong income potential and turnkey condition. Recent upgrades include a new roof, siding, impact windows, updated kitchens and baths, and new flooring in the rear unit. The downstairs features two lockout units--rear unit projected at $2,800/month with large private backyard, and front unit at $2,300/month. Upstairs treetop unit is currently tenant-occupied. Total projected income of approximately $7,700/month ($92,400 annually), reflecting an estimated 9.2% cap rate. Centrally located directly across from Bayview Park, this property offers consistent rental demand and separate electric. X Flood zone with plenty of room for a pool in the backyard.

Location

State FL

County Monroe

Community Casa Gato (2.0)

Area 5940 Florida Other

Direction Coming down Truman Ave turn left onto Georgia St . 1018 Georgia St

Interior

Heating Wall Furnace

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Flooring Hardwood, Tile, Wood

Window Features Impact Glass

Exterior

Exterior Feature Fence, Patio, Room For Pool, Shed

Pool None

Utilities Available Water Available, Sewer Available

Roof Type Metal

Porch Patio

Private Pool No

Building

Lot Description <1 Acre, < 1/4 Acre

Story 2

Sewer Not Connected (at lot), Public Sewer, Other

Water Public

Architectural Style Two Story, Twin Home, Duplex

Level or Stories Two

Additional Building Shed(s), Storage

Structure Type Frame,Stucco,Wood Siding

Others

Senior Community No

Restrictions OK To Lease,Rental Restriction

Tax ID 00033870000000

Acceptable Financing Cash, Conventional, FHA 203(k), FHA, Owner May Carry, Owner May CarrySecond, VA Loan

Listing Terms Cash, Conventional, FHA 203(k), FHA, Owner May Carry, Owner May CarrySecond, VA Loan

Virtual Tour https://www.propertypanorama.com/1018-Georgia-Street-Key-West-FL-33040/unbranded

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Coldwell Banker Schmitt RE Co
Jay Julio C Chaves

Jay Julio C Chaves

Agent

+1(786) 402-9119

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1018 Georgia ST