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2322-2324 Seidenberg Avenue, Key West, FL 33040

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For Sale

$2,300,000

8 beds • 4 baths • 750 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Townhouse
    Property type

  • $3,066.67
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 610098

Courtesy Of Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty

(305) 294-5155

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dryer, Range, Refrigerator
  • Architecture Style
    Other
  • Exterior Type
    Concrete
  • Lot Size
    0.05 Acres
  • Roof Type
    Metal
  • View Type
    Water

Map and Directions

Directions to 2322-2324 Seidenberg Avenue, Key West, FL 33040

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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