1128 Packer Street $1,825,000

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    1128 Packer Street Key West, FL 33040

    • 8 Beds
    • 4 Baths
    • 3,144 sq. ft.
    • Multi-Family
    • MLS# 595069
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    Views: 8 Days On Site: 36

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    Property Details

    Investor Alert! Great opportunity to own a well maintained 4 unit building in Old Town with Off Street Parking, plenty of backyard for a pool or entertaining friends and family. Property is also located in the X Flood Zone providing low flood insurance costs! All 4 units are 2 Bedrooms/1 Baths, have open floor plans with lots of windows allowing for plenty of natural light. Current rental income is below market, available upon request and can likely be increased.The 2-story building sits on a 5,000 sq. ft. lot in the heart of Old Town and has 3,100 sq. ft. of total living space. Located only a few blocks to Duval Street, the beaches, wonderful restaurants and many more of Key West attractions! Seller is motivated and says bring offers! 24 Hour notice required to show.

    • General Features
      • Acreage 0.11
      • Square Footage 3,144
      • Style Multi-Units
      • As Is Right to Inspect Yes
      • Fee Includes None
      • Off Shore Island No
      • Pets Pets Allowed
      • Bank Owned No
      • Subdivision GG Watson Sub (1.0)
      • Rentals Allowed Yes
      • Taxes $9,203
      • Tax Exemptions None
      • Tax Year 2019
      • Deed Restrictions Unknown
    • Building Features
      • Appliances Range, Refrigerator
      • Construction Frame
      • Cooling Heating Ceiling Fans, Window/Wall Unit
      • Floor Tile Floor
      • Furnished Unfurnished
      • Interior Features Built-in Cabinets, Split Bedroom, Storage
      • Porch/Balcony Open Porch/Balcony
      • Roof Metal Roof
      • Stories 2Stories
      • Windows/Doors Single Hung Windows
    • Property Features
      • Exterior Features Fencing, Fruit Tree(s), Privacy Wall/Fence, Storage
      • Garage Spaces 2
      • Garage/Parking Off Street Parking
      • Pool No
      • Dockage None
      • Side Median
      • Water View No Waterview
      • Waterfront Property No
      • Waterfront Type None
      • Utilities Buyer to Verify, Elect Separate Meter, FKAA, Municipal Sewer
      • Pub Sewer HkUp Yes

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    Neighborhood

    33040 (Key West) Demographics

    41 Median Age
    1,911 Population Density (per sq. mile)
    39% College Educated
    $58,351 Estimated Median Income
    5,548 Estimated Total Home Owners
    7,072 Estimated Total Renters
    44% / 56% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    35,357 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    101 New On Market

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      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,825,000
        3/18/2021 4:23:32 PM Price Reduced Source New Value: $1,825,000 -8.75%
        3/9/2021 4:24:00 PM New in Database Source New Value: $1,999,900

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Listing information is provided in part by the Internet Data Exchange (IDX) program of the Florida Keys Board of REALTORS®, Inc. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2021 Florida Keys Board of REALTORS®, Inc. All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.