Key West, FL 33040

This is a development opportunity featuring a four-unit townhouse complex situated on a heavily landscaped 10,000 sq ft parcel. The complex comprises two side-by-side duplexes, legally subdivided into four individual licensed units. Each unit is 750 sq ft under air, with separate legal descriptions, parcel numbers, insurance policies, and utility meters. Each unit has its own laundry room addition directly off the kitchens with separate exterior screen doors, including four pairs of new washers and dryers. The property has been continually well maintained with painting, new air conditioners and water heaters replaced when needed, and blinds and curtain rods on all windows. All roof screws were replaced and new ones added to code standards. Other valuable amenities are the oversized covered front porches with high open beamed ceilings offering additional square footage and valuable on-site parking for 10 cars. Mature, well-maintained landscaping surrounds the property and separates the units. The only common area is the roof over each duplex, the shared wall between the units, and walkways between and on either side of each of the two duplexes. The property has always operated as a successful rental property. Added value could be realized by installing a lap pool/patio area in the 100' wide backyard as a common use amenity, or by providing a private pool area for each of the rear two units, giving each one half of the large rear yard, greatly increasing their sale value. The property includes four windstorm, flood, fire, and liability policies.