Sold

325 Duval Street

Key West FL, 33040

$10,000,000


$1,603.85 per sqft

Sold

14 Beds

12 Baths

6,235 sqft

Commercial

Built in 1933

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

598172

MLS ID

May 14, 2024

Updated

Map

325 Duval Street
Key West FL, 33040

Interior Features

Total Stories

2


Bedrooms

14


Total Bathrooms

12


Full Bathrooms

12


Interior Features

Cathedral Ceilings, Window Treatments, Split Bedroom, Smoke Alarms, Laundry Room, Furnished, Drapes/Blinds Incl, Panel, Double Hung Windows


Appliances

Refrigerator, Washer


Floor Description

Wood


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fans(s), Wall/Window Unit(s), Heat Pump, Central Air


Heating

No

Exterior/Building Features

Lot Size

0.29 Acres


Lot Features

Less Than 1/4 Acre


Roof

Shingle Roof, Tin Roof

School Information

School District

casa325 suites

Other Property Details

Area Name

02 - Key West


Taxes

$29,999


Tax Frequency

Annually


Days on Market

754


Association Amenities

None


Garage

No


Parking

Guest Parking, Off Street Parking


View

Yes


View Description

No Waterview


County

Monroe


Pool

No


Zoning

HRCC - Historic Residential Commercial Core

Listed by Raymond J Capas with Berkshire Hathaway Knight & Gardner
Listing Contact: 305-294-5155 

The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 5/14/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Florida Keys Board of REALTORS® all rights reserved.

Data last updated on 5/14/2024 at 4:41 PM UTC

 

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