• 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 - $1.3 mil gross with a $725,000 NOI. 89% Average Occupancy Rate. $659,,000 Advance Bookings as of 1/2023. The over sized rooms and property amenities will support higher rates than what is being charged. (7) out of the 12 units have kitchens

    KEY DETAILS
    • Price:
    • $13,600,000
    • Bedrooms:
    • 14
    • Full Baths:
    • 12
    • Square Footage:
    • 6,235
    • Acreage:
    • 0.29
    • Year Built:
    • 1933
    • MLS #:
    • 598172
    • Street Address:
    • 325 Duval St Rear
    • City:
    • Key West
    • State:
    • FL
    • Postal Code:
    • 33040
    • County:
    • Monroe
    • Area:
    • 02 - Key West
    • Subdivision:
    • Old Town - Unlisted (1.0)
    • Listing Status:
    • For Sale - Active

    Building

    • Construction Description:
    • Frame
    • Doors And Windows:
    • Double Hung Windows
    • Dwelling Type:
    • Hotel/Motel
    • Flooring:
    • Wood
    • Interior Features:
    • Cathedral Ceilings, Drapes/Blinds Incl, Furnished, Laundry Room, Smoke Alarms, Split Bedroom, Window Treatments
    • Leasable Square Feet:
    • 2640.00
    • Miscellaneous Features:
    • Lobby, Patio, Pool, Utility Building
    • Square Footage Source:
    • Property Data Card
    • Stories:
    • 2.0
    • Style:
    • Commercial
    • Total # Of Buildings:
    • 2
    • Total Building Square Footage:
    • 6235
    • Type Of Roof:
    • Shingle Roof, Tin Roof
    • Year Built:
    • 1933

    Business

    • Business Description:
    • Casa325 Suites
    • Year Established:
    • 1989-12-31

    Land

    • Conforms To Zoning:
    • Hrcc - Historic Residential Commercial Core
    • Federal Flood Zone:
    • 0.2 Pct Annual Chanc
    • Lot Size:
    • Less Than 1/4 Acre
    • Lot Square Footage:
    • 12725.00

    Listing

    • Days On Market:
    • 469
    • For Sale Or Lease?:
    • For Sale

    Money

    • Property Taxes:
    • $29,998
    • Tax Year:
    • 2020

    Structures

    • Parking Description:
    • Guest Parking, Off Street Parking
    • Parking Spaces:
    • 6

    Systems

    • Appliances:
    • Refrigerator, Washer
    • Electricity:
    • Circuit Breakers
    • Heating And Air:
    • Ceiling Fans(s), Central Air, Heat Pump, Wall/Window Unit(s)
    • Utilities:
    • Fkaa, Municipal Sewer

    Water

    • Water View Description:
    • No Waterview

    Source

    • Listing Provided By Berkshire Hathaway Knight & Gardner

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    NOTES

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