325 Duval Street, KEY WEST, Florida 33040 (MLS# 598172)

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325 Duval StreetKEY WEST, Florida FL33040


StatusClosed
Sold Date12/15/2023
Bedrooms14
Total Baths12
Full Baths12
SqFt 6,235
CountyMonroe
SubdivisionOld Town - Unlisted (1.0)
Year Built1933
Property TypeCommercial
Property Sub TypeCommercial
Description

Possible Short term Owner Financing Considered - Lower Duval Street, 12 unit guesthouse complex offering over sized single rooms, suites & 2 bedroom units with kitchens with large heated pool. - - - Perfect location within the 2-4 block Entertainment District of Old Town inclusive of bars, restaurants, theaters, Mallory Square attractions and the cruise ship port. >>>> Huge 13,000 sq ft parcel buffered from traffic & street noise, with rooms being setback 40' from Duval. The 200' deep parcel provides a unique 100 foot separation between the front & rear, 3 & 2 story structures - offering guests considerably more privacy. *** Valuable 6 space, compact car guest parking situated between the two collective 7,000 sq.ft buildings. Casa 325 Suites offers a melding of a (7) unit, 100 year old 3 story, ship builders' construction - along with a more recently developed, 5 unit, 2 story structure offering larger rooms & vaulted ceilings. +++ All units have custom furniture built from reclaimed Dade County Pine. Large 2 bdrm ADA unit with kitchen. Prime Duval Street attractions booth included, situated at driveway entrance, currently leased out but should be operated by the Guesthouse operation itself.||||| Go to Casa325.com for full array of pictures, layout of units & rates. Excellent Trip Advisor Rating. There are also (13) electric meters & ( 7 ) water meters on site.** See 'Documents for Survey, Licenses & aerial with lot lines ** CASH FLOW - 2021 - $1.33 mil gross / NOI - $705,000. 89% Average Occupancy |2022 - $1.3 mil gross / NOI $600,000 - 88% Average Occupancy. $665,000 Advance Bookings as of 10/2023 - 12/2024The over sized rooms and property amenities will support higher rates than what is being charged. (7) out of the 12 units have kitchens

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#IDX-primaryPhoto,#idx-details-headerListed by: Berkshire Hathaway Knight & Gardner 305-294-5155

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RE/MAX ALL KEYS REAL ESTATE

517 Duval St Suite 200
Key West, FL 33040
Phone: 305-296-1400
Phone Alt: 305-304-0084
KEY LARGO LOCATION:
305-451-0060 Office

Business Address:
98880 Overseas Hwy, Key Largo, FL 33037
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