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1824 Fogarty Avenue

Key West, FL 33040
  • $1,995,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 611437
$1,995,000
  • 6
    BEDS
  • 0.22
    ACRES
  • 6
    BATHS
  • 1
    1/2 BATHS
  • 2,398
    SQFT
  • $832
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

Discover a unique investment opportunity in the heart of Key West with this exceptional 4-unit multifamily property. The owner's unit is a 3/3.5, and the three cottages are all 1/1. Centrally located and close to all the action. This tropical enclave spans nearly 9,500 square feet and includes four legal units, a pool and tiki bar. There's plenty of space to expand any of the cottages, or use as off-street parking. The property currently generates over $75,000 annually in rental income without including the main unit which the owner resides in. Enjoy the tropical lifestyle with ample outdoor space, all while living in one of the units and renting out the others. Ideally located close to local attractions, vibrant nightlife, and stunning beaches, this property offers both a lucrative investment and a unique living arrangement. Don't miss out--contact us today to explore this rare gem!

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Key West Luxury Real Estate Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keywestluxuryrealestateinc.com/homes/155083132
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1824 Fogarty Avenue Key West, FL 33040

  • Price: $1,995,000
  • Status: Active
  • On Site: 25 Days
  • MLS #: 611437
6
Beds
6
Baths
1
½ Baths
0.22
Acres
2,398
SQFT
$832
$/SQFT
1950
Built
Neighborhood:
Midtown West
County:
Monroe
Area:
02 - Key West
Property Description
Discover a unique investment opportunity in the heart of Key West with this exceptional 4-unit multifamily property. The owner's unit is a 3/3.5, and the three cottages are all 1/1. Centrally located and close to all the action. This tropical enclave spans nearly 9,500 square feet and includes four legal units, a pool and tiki bar. There's plenty of space to expand any of the cottages, or use as off-street parking. The property currently generates over $75,000 annually in rental income without including the main unit which the owner resides in. Enjoy the tropical lifestyle with ample outdoor space, all while living in one of the units and renting out the others. Ideally located close to local attractions, vibrant nightlife, and stunning beaches, this property offers both a lucrative investment and a unique living arrangement. Don't miss out--contact us today to explore this rare gem!
Exterior Features

Above Flood No Building Style Conch Construction Frame Dockage None Exterior Features BarWater DisplayStorageShedPrivacy Wall/FenceFencingChickee Hut Land Size More than 1 Lot Pool Info In Ground Pool YN Yes Porch Balcony Open Porch/BalconyDeck Side Median Style Multi-Units Vehicle Storage Off Street Parking Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances WasherMicrowaveOvenRangeRefrigeratorDryer Cooling Heating Wall/Window Unit(s) Furnished Unfurnished

Property Features

Accessibility Features Parking Assoc Fee 0.00 Assoc Hoa YN No Assoc Right Of Refusal No City KEY WEST Control Depth 0 Deed Restrictions No Fee Includes None Flood Zone AE Key West Neighborhood Midtown West Listing Board Key West Association Mile Marker 1.00 Min Rental Days 28.00 Off Shore Island Yes Pets Pets Allowed Public Sewer Hookup Yes Rentals Allowed With Restrictions Sq Ft Source Property Data Card Tax Exemptions None Tax Year 2023 Taxes 10478.00 Title Negotiable Utilities Municipal SewerCable Available Zoning SF - Single Family

Listing courtesy of Brett Smith of Dreamwater Key Properties: (561) 271-8016.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Key West Luxury Real Estate Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Key West Luxury Real Estate Inc
619 Eaton Street, #2
Key West FL, 33040