1018 Georgia Street, Key West, FL 33040
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  • MLS#: R11168914 ( Residential Income )
  • Street Address: 1018 Georgia Street
  • Viewed: 33
  • Price: $1,100,000
  • Price sqft: $362
  • Waterfront: No
  • Year Built: 1942
  • Bldg sqft: 3042
  • Total Baths: 3
  • Days On Market: 10
  • Additional Information
  • Geolocation: 25 / -82
  • County: Monroe
  • City: Key West
  • Zipcode: 33040
  • Subdivision: Casa Gato (2.0)
  • High School: Key West
  • Provided by: Coldwell Banker Schmitt RE Co
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  • Description
    Income producing Duplex in Old Town Key West! Fully renovated offering strong income potential and turnkey condition. Recent upgrades include a new roof, siding, impact windows, updated kitchens and baths, and new flooring in the rear unit. The downstairs features two lockout units rear unit projected at $2,800/month with large private backyard, and front unit at $2,300/month. Upstairs treetop unit is currently tenant occupied. Total projected income of approximately $7,800/month ($93,600 annually), reflecting an estimated 8.5% cap rate. Centrally located directly across from Bayview Park, this property offers consistent rental demand and separate electric. X Flood zone with plenty of room for a pool in the backyard.
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Features
Building and Construction
  • Fencing: Fenced
  • Flooring: Tile, Wood
  • Other Structures: Shed(s)
  • Roof: Metal
Land Information
  • Lot Features: Room for Pool
School Information
  • High School: Key West
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Electric: Three Phase
  • Heating: Window/Wall
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
Amenities
  • Association Amenities: Baseball/Softball Field, Basketball Court, Park, Playground, Sidewalks, Tennis Court(s)
Finance and Tax Information
  • Tax Year: 2025
Rental Information
  • Tenant Pays: Electricity, Water
Other Features
  • Legal Description: KW PT OF TR 14 G12-259
  • Parcel Number: 00033870000000
  • Views: 33
  • Zoning Code: HMDR - Historic