325 Duval St Rear
Key West, FL 33040
$13,600,000
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14 Beds
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12 Baths
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6,235 SqFt
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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
- 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
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Listing Provided By Berkshire Hathaway Knight & Gardner
