912 Pohalski St - Multi-Family FOR SALE


Key West, FL 33040
$2,250,000 USD
305-304-0084
912 Pohalski St, Key West, FL for Sale
$2,250,000 USD
Multi-Family - FOR SALE
1/54
null | Request Cap Rate

912 Pohalski St
Key West, FL 33040


HIGHLIGHTS

  • Six legal apartments with six off-street parking spaces
  • Tenants have easy access to their unit and their parking space
  • Former X Flood zone - property is high and dry
  • Each unit is separately metered for water and electricity - low owner expenses
  • Great for a long-term investor, 1031 Exchange property or employee housing

OVERVIEW

Six Legal Rental Units offering a total of 10 bedrooms and 6 bathrooms Strong Income-Producing Property with current gross rents of $14,500 per month ($174,000 annually) Separate Utility Meters for each apartment, helping keep owner expenses low Six Off-Street Parking Spaces — a highly desirable and scarce feature in Key West Diverse unit mix: Three 1BR/1BA units Two 2BR/1BA units One 3BR/1BA unit 3,876 SF Building on a 3,598 SF lot Lot spans from Pohalski Street to Havana Lane, providing convenient tenant access and parking Located in a high-and-dry area within a BFE flood zone (formerly X zone) Limited operating expenses enhance cash flow potential Long-term family ownership with established rental history Excellent opportunity for: Buy-and-hold investors 1031 Exchange buyers Workforce/employee housing operators Multi-family portfolio expansion Rare opportunity to acquire a fully leased six-unit multifamily property in Key West Investor Appeal: Stable income, separate utilities, off-street parking, and a desirable Key West location make this a compelling multifamily investment with both cash-flow and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$800 USD /SF

# OF UNITS

6

PRICE/UNIT

$375,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Apartment Building

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,427 SF

ZONING

HMDR

APN/PARCEL ID

00021110-000000

ASK ABOUT THIS PROPERTY

Curtis A. Skomp, CCIMLoopnet LeadMore Info
305-304-0084

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Curtis A. Skomp, CCIMLoopnet LeadMore Info
305-304-0084

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.