Sold
Closed
325 Duval Street
Key West FL, 33040
$10,000,000
$1,603.85 per sqft
Sold
Closed
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
October 20, 2021
Listed
October 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
Smoke Alarms, Window Treatments, Furnished, Laundry Room, Split Bedroom, Cathedral Ceilings, Drapes/Blinds Incl, Panel, Double Hung Windows
Appliances
Refrigerator, Washer
Floor Description
Wood
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Ceiling Fans(s), Heat Pump, Wall/Window Unit(s)
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
Parking Total
6
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:
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Data last updated on 10/14/2024 at 11:50 PM UTC