571 8Th Street, Key Colony, FL 33051
New Listing
$2,349,000
Property Type:
Residential
Bedrooms:
5
Baths:
4
Square Footage:
2,218
Lot Size (sq. ft.):
8,250
Status:
Active
Current Price:
$2,349,000
List Date:
5/14/2024
Last Modified:
5/15/2024
Description
Check out the updated photos! The current DOM is reflective of pre-remodeling days. This 7 night weekly rental is an investors dream with rental projections at 70% of $184,800 and/or 60% at $158,400. This full duplex has been completely renovated with brand new kitchens, appliances, bathrooms, flooring and impact windows and sliders. The exterior of this 8,250 sq ft property will really shine, featuring a 75 ft concrete seawall with steel bumpers, 5k davits and a fish cleaning station. For easy canal access it has swim ladders and stairs from the dock. With a fenced-in yard, huge side yard with double swing gates for secured trailer storage, tiki, pool, and large exterior gathering space. Each floor has an interior washer and dryer, and the units are separately metered. The property provides ample parking for vehicles, trailers, toys, plus a one-car garage equipped with an impact garage door and enough room to accommodate a large motorhome with plenty of room to turn around. The duplex could be divided and sold separately, providing an investment or co-owning opportunity. You could buy half and a family member or friend could buy half.
More Information MLS# 606381
Contract Information
Current Price: $2,349,000
Listing Date: 2023-08-20
Listing Board: Marathon/Lower Keys
List Price: $2,349,000
As is Rght to Inspct: No
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 571
Street Name: 8Th
Street Suffix: Street
Key/Island: Key Colony
State/Province: FL
Zip Code: 33051
Off Shore Island: No
County: Monroe
Subdivision: Key Colony Beach (53.5)
Mile Marker: 53.5
Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
Side: Ocean
Flood Zone: AE-9
Alternate Key #: 1080489
Parcel #: 00075020-000000
Zoning: R-2A - Key Colony Two Family
Deed Restrictions: Unknown
Legal: BK 9 LT 24 KEY COLONY BEACH FIRST ADDN AMD PLAT PB4-11 SHELTER KEY
Taxes: 10256.95
Tax Year: 2022
Pub Sewer HkUp: Yes
General Property Description
Realtor.COM Type: Multi-family
Style: Duplex
Waterfront: Yes
Control Depth: 4
Pool: Yes
Year Built: 1970
Lot SqFt: 8250
Lot Sqft Source: Property Data Card
Living Apx SqFt: 2218
SqFt Source: Tax Records
Total Bedrooms: 5
Full Baths: 4
Total Baths: 4
Rentals Allowed: Yes
Min Rental Days: 7
Remarks & Misc
Remarks – Consumer: Check out the updated photos! The current DOM is reflective of pre-remodeling days. This 7 night weekly rental is an investors dream with rental projections at 70% of $184,800 and/or 60% at $158,400. This full duplex has been completely renovated with brand new kitchens, appliances, bathrooms, flooring and impact windows and sliders. The exterior of this 8,250 sq ft property will really shine, featuring a 75 ft concrete seawall with steel bumpers, 5k davits and a fish cleaning station. For easy canal access it has swim ladders and stairs from the dock. With a fenced-in yard, huge side yard with double swing gates for secured trailer storage, tiki, pool, and large exterior gathering space. Each floor has an interior washer and dryer, and the units are separately metered. The property provides ample parking for vehicles, trailers, toys, plus a one-car garage equipped with an impact garage door and enough room to accommodate a large motorhome with plenty of room to turn around. The duplex could be divided and sold separately, providing an investment or co-owning opportunity. You could buy half and a family member or friend could buy half.
Directions: US-1 to Causeway. Turn 1st right at end of causeway. Turn right on 8th St.
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Dockage
Dock Length: 75
Dock: Concrete
Seawall: Concrete
Building Style
Above Flood: No
Stories: 2 Stories
Vehicle Storage
Car(s): 4+
Pool Info
Heated: No
Financial Status
Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Canal Front
Waterview: Canal View
Dockage: Davits
Property Condition: Under Construction
Building Style: Ground Level
Vehicle Storage: Garage; Attached; Covered Parking; Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Central Air
Porch/Balcony: Open Porch/Balcony; Screened Patio
Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Specialty Rooms: Other
Appliances: Dishwasher; Microwave; Oven; Range; Refrigerator
Exterior Features: Chickee Hut; Storage
Pool Info: In Ground; Fiberglass
Construction: CBS
Windows/Doors: Impact Rstnce Window; Single Hung Windows; Sliding Glass Doors
Floor: Tile
Roof: Metal Roof
Pets: Pets Allowed
Neighborhood Feature: Beach; Bike Paths; Clubhouse
Security: Patrolled Area
Land Size: Less Than 1/4 Acre
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: May - 15 - 2024
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