Renovated Six-Unit Apartment
For Sale
Contact for pricing
Pending
640 6th St, Cedar Key, FL 32625
Renovated historic apartment building with long-term rental agreements and tenant-paid utilities.
Property SizeContact for details
Days on Market141
Property Features for 640 6th St
General Information
Standard status
Pending
Property subtype
Land
Net Operating Income
$49,000
Units
Unit Mix
1 x 2BR/2BA, 2 x 2BR/1BA, 2 x 1BR/1BA, 1 x studio
Multifamily Units
6
Additional Details
Gross Income
$59,400
Building Details
Year Renovated
2014
Buildings
1
Listing Agency:
Cedar Key Realty, Inc.
(904) 206-1257
Listed By:
Angela Beckham · License #FL
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 8:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cedar Key Realty, Inc.
Investment Insights
Based on property information with market context.
This historic apartment building contains six rental units and underwent a substantial renovation in 2013–14. Improvements included a 26-gauge metal roof, updated plumbing and electrical systems, central heat and air, interior finishes, floor coverings, cabinetry, and appliances. Each unit is occupied under a long-term rental agreement, and residents pay their own utilities.
The property stands on high ground in downtown Cedar Key, Florida, within the city’s historic district. Its unit mix includes one two-bedroom, two-bath apartment; two two-bedroom, one-bath apartments; two one-bedroom, one-bath apartments; and one studio. The existing configuration provides a range of apartment sizes within a single renovated building.
The property stands on high ground in downtown Cedar Key, Florida, within the city’s historic district. Its unit mix includes one two-bedroom, two-bath apartment; two two-bedroom, one-bath apartments; two one-bedroom, one-bath apartments; and one studio. The existing configuration provides a range of apartment sizes within a single renovated building.
Key Highlights
- Six rental units with long‑term rental agreements
- Renovated in 2013–14 with updated building systems and finishes
- Unit mix includes one 2‑bed, 2‑bath; two 2‑bed, 1‑bath; two 1‑bed, 1‑bath; and one studio
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Explore this area
Business Placement
Demographics for 32625, FL
1,620
Population
1,262
Households
1.3
Avg Household Size
59
Median Age
40%
College-Educated
92%
High-School Grad
94.0 sq mi
ZIP Area
17
Density / Sq Mi
$59,036
Median Household Income
$50,729
Median Earnings
$918
Median Rent
$267,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated historic apartment building with long-term rental agreements and tenant-paid utilities.
Where is this apartment building located?
The property is located at 640 6th St Cedar Key, FL.
What are key features of this property?
This property features: Six rental units with long‑term rental agreements; Renovated in 2013–14 with updated building systems and finishes; Unit mix includes one 2‑bed, 2‑bath; two 2‑bed, 1‑bath; two 1‑bed, 1‑bath; and one studio
