714 Thomas Street $4,999,000

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    714 Thomas Street Key West, FL 33040

    • 5,210 sq. ft.
    • Commercial
    • MLS# 590237
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    Views: 8 Days On Site: 231

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    Property Details

    This is a very unique Key West rental property. (5) licensed transient rental houses. Excellent investment opportunity - low operating expenses, positive cash, owner financing possible. Private gated income producing rental compound located (2) blks from center of Duval St. One of the largest residential parcels in Old Town Key West. (5) existing residential transient rental units, approved plans & permit to build a new 2 story, 6th residence on corner of Thomas and Angela Sts.

    • General Features
      • Land Size Less Than 1/4 Acre
      • Building Square Footage 5,210
      • For Sale or Lease For Sale
      • Type Apartment 3 or more, Hotel/Motel, Other Comrcl Style
      • Style Residential Income
      • As Is Right to Inspect Yes
      • Association Approval Required No
      • Association Info - Condo Docs No
      • Fee Includes Bldg Exterior Mnt, Building Insurance, Cable, Common Area Mnt, Sewer, Water
      • KW Neighborhood Old Town-N of Truman
      • Subdivision Old Town - Unlisted (1.0)
      • Key Island Key West
      • Miscellaneous Hot Tub, Manager on Premises, Pool, Residence on Premise, Security System, Sprinkler System, Storage
      • Off Shore Island No
      • Potential Short Sale No
      • Bank Owned No
      • Property Rights Multi-Use/Commercial, Tranfrble Bldg Prmt, Transient License
      • Terms Seller Finance Psble
      • Taxes $18,634
      • Tax Year 2019
      • License Info Non Trans Rntl Lic
      • Deed Restrictions No
    • Building Features
      • Interior Features Drapes/Blinds Incl, Smoke Alarms
      • Appliances Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
      • Cooling/Heating Ceiling Fans, Central A/C, Heat
      • Construction Frame
      • Flooring Carpet, Laminate, Tile Floor
      • Roof Metal Roof
      • Shutters Bahama, Storm Shutters
      • Stories 2.0
      • Windows/Doors Double Hung Windows, French Doors, Glass Doors, Wood Windows
    • Property Features
      • Dockage None
      • Garage/Parking Guest Parking, Off Street Parking
      • Side Median
      • Water View No Waterview
      • Waterfront Property No
      • Waterfront Type None
      • Utilities FKAA, Municipal Sewer, Propane Gas, Separate Meters, Well
      • Electric 220 Volt, Circuit Breakers, Single Phase
      • Zoning HMDR - Historic Medium Density Residential

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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

    $674,500 Median Sales Price
    68 Homes Sold
    78 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $4,999,000
        3/11/2020 4:27:00 PM New in Database Source New Value: $4,999,000

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        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 2020 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.