1824 Fogarty Avenue

Key West, FL 33040

$1,995,000
Price
6
Beds
6
Baths
1
1/2 Bath
2,398 Sq. Ft.
$832 / Sq. Ft.
2,398
Sq. Ft.
$832
per Sq. Ft.

Description

Discover a unique investment opportunity in the heart of Key West with this exceptional 4-unit multifamily property. The owner's unit is a 3/3.5, and the three cottages are all 1/1. Centrally located and close to all the action. This tropical enclave spans nearly 9,500 square feet and includes four legal units, a pool and tiki bar. There's plenty of space to expand any of the cottages, or use as off-street parking. The property currently generates over $75,000 annually in rental income without including...Discover a unique investment opportunity in the heart of Key West with this exceptional 4-unit multifamily property. The owner's unit is a 3/3.5, and the three cottages are all 1/1. Centrally located and close to all the action. This tropical enclave spans nearly 9,500 square feet and includes four legal units, a pool and tiki bar. There's plenty of space to expand any of the cottages, or use as off-street parking. The property currently generates over $75,000 annually in rental income without including the main unit which the owner resides in. Enjoy the tropical lifestyle with ample outdoor space, all while living in one of the units and renting out the others. Ideally located close to local attractions, vibrant nightlife, and stunning beaches, this property offers both a lucrative investment and a unique living arrangement. Don't miss out--contact us today to explore this rare gem!
  1. Listed by Brett Tyler Smith • Dreamwater Key Properties

Property Details for 1824 Fogarty Avenue

Waterfront
None
Waterfront
No
Zoning
SF - Single Family
Subdivision
Key West Investment Co Sub (1.0)
Building Style
Conch
Vehicle Storage
Off Street Parking
Pets
Pets Allowed
LISTING UPDATED: 09/12/2024 11:09 AM

Property Details for 1824 Fogarty Avenue

StatusActive
MLS #611437
Days on Market15
Taxes$10,478 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Multi-Units
Year Built1950
Lot Size0.22 AC / 9,483 SF
CountyMonroe County

Building Information for 1824 Fogarty Avenue

Stories-Residences4Year Built1950Building Size-Lot Size0.22 AC / 9,483 SF

Property Information for 1824 Fogarty Avenue

Summary
Location and General Information
  • Waterview: No Waterview
  • Area: 02 - Key West
  • Control Depth: 0
  • Off Shore Island: Yes
  • Listing Board: Key West Association
  • Side: Median
  • KW Neighborhood: Midtown West
  • Mile Marker: 1.0
  • Marathon Neighborhood: N/A
  • Accessibility Feat: Parking
  • Key/Island: Key West
Owner
  • Owner Name: Estate of Jessica Clark
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: No
  • Association Info: 1st Right of Refusal: No
  • Fee Includes: None
  • Furnished: Unfurnished
  • Tax Year: 2023
  • Tax Exemptions: None
Property
Lot Information
  • SqFt Remarks: Buyer to Verify
  • Land Size: More than 1 Lot
Property and Assessments
  • MLS Approved: Y
  • Limited Representation: No
  • SqFt Source: Property Data Card
  • Flood Zone: AE
  • Rentals Allowed: With Restrictions
  • Deed Restrictions: No
  • Picture Count: 26
  • Document Count: 0
  • Building Style: Above Flood: No
  • Title: Negotiable
Utilities
  • Utilities: Municipal Sewer, Cable Available
  • Pub Sewer HkUp: Yes
  • Pool: Yes
  • Pool Info: In Ground
  • Porch/Balcony: Open Porch/Balcony, Deck
Interior and Exterior Features
Interior Features
  • Appliances: Washer, Microwave, Oven, Range, Refrigerator, Dryer
Exterior Features
  • Construction: Frame
  • Dockage: None
  • Exterior Features: Bar, Water Display, Storage, Shed, Privacy Wall/Fence, Fencing, Chickee Hut

Property History for 1824 Fogarty Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1824 Fogarty Avenue

Taxable ValueLand$595,438Additions$392,755Total$988,193
Tax Record2023$9,663 ($805 / month)
Home Facts
Baths4Total Finished SqFt1,306 SqFtAbove Grade Finished SqFt1,306 SqFtStories1Lot Size9,483 SqFtStyleMulti-Family Dwelling (2-4)Year Built1950Year Renovated1995CountyMONROEAPN00049560-000000

Schools near 1824 Fogarty Avenue

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 8
Charter - 9 to 12
Charter - PK to 8
Public - 6 to 12
Rating
School
Distance
Horace O'bryant School
PublicPK to 8

Somerset Island Prep
Charter9 to 12

May Sands Montessori School
CharterPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1824 Fogarty Avenue is a multi-family home for sale in Key West, FL 33040. This property was listed for sale on September 11, 2024 by Dreamwater Key Properties, it's currently listed at $1,995,000. This listing's school district is Monroe. Nearby schools include Horace O'bryant School, Somerset Island Prep and May Sands Montessori School. 1824 Fogarty Avenue is a 6-bed, 6.5-bath, 2,398 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Dreamwater Key Properties

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.