905 Grinnell Street

Key West, FL 33040

$2,500,000
Price
8
Beds
4
Baths
3,383 Sq. Ft.
$739 / Sq. Ft.
3,383
Sq. Ft.
$739
per Sq. Ft.

Description

BIG TIME INVESTMENT OPPORTUNITY in the heart of the Historic District of Key West. Originally built as a former church, this 4 unit active rental property offers 3,383 square feet of living space, featuring 8 bedrooms and 4 bathrooms, and currently generates $10,908.50 in monthly rental income. (See below for a breakdown of beds and baths per unit) With versatile possibilities, it has the potential for improvement and the possibility of condominium conversion. Each unit is large and spacious by Key...BIG TIME INVESTMENT OPPORTUNITY in the heart of the Historic District of Key West. Originally built as a former church, this 4 unit active rental property offers 3,383 square feet of living space, featuring 8 bedrooms and 4 bathrooms, and currently generates $10,908.50 in monthly rental income. (See below for a breakdown of beds and baths per unit) With versatile possibilities, it has the potential for improvement and the possibility of condominium conversion. Each unit is large and spacious by Key West standards and includes high ceilings. The building is of concrete block construction and is currently undergoing exterior repairs to address some concrete spalling. Off street parking for three cars, a rarity for Old Town, Key West. This property is located in one of the most desirable neighborhoods and is just a short walk to World famous Duval street, the island's best restaurants, shopping and more! Unit breakdown: (A) 3BD/1BA leased for $3,039.50 per month (B) STUDIO/1BA leased for $2,369 per month (C) 2BD/1BA leased for $2,700 per month (D) 2BD/1BA leased for $2,800 per month
  1. Listed by Team Kaufelt • Truman & Co. (KW)

Property Details for 905 Grinnell Street

Waterfront
None
Waterfront
No
Zoning
HHDR - Historic High Density Residential
Subdivision
Old Town - Unlisted (1.0)
Vehicle Storage
Off Street Parking
LISTING UPDATED: 10/14/2024 09:07 AM

Property Details for 905 Grinnell Street

StatusActive
MLS #611809
Days on Market33
Taxes$13,207 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Multi-Units
Year Built1959
Lot Size0.13 AC / 5,737 SF
CountyMonroe County

Building Information for 905 Grinnell Street

Stories-Residences4Year Built1959Building Size-Lot Size0.13 AC / 5,737 SF

Property Information for 905 Grinnell Street

Summary
Location and General Information
  • Waterview: No Waterview
  • Area: 02 - Key West
  • Absolute Longitude: 81.793699
  • Control Depth: 0
  • Off Shore Island: No
  • Listing Board: Key West Association
  • Side: Median
  • KW Neighborhood: Old Town-N of Truman
  • Mile Marker: 1.0
  • Marathon Neighborhood: N/A
  • Key/Island: Key West
Owner
  • Owner Name: See public records
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: No
  • Association Info: 1st Right of Refusal: No
  • Fee Includes: None
  • Tax Year: 2023
  • Tax Exemptions: None
Property
Lot Information
  • Acres: 0.13
  • Parcel #: 00020860-000000
  • Land Size: Less Than 1/4 Acre
  • License Info: Non Trans Rntl Lic
Property and Assessments
  • Legal: KW PT LOT 4 AND PT LOT 2 SQR 3 TR 6 OR4-281/83 OR4-284/85 OR600-754/55 OR701-406 OR760-988 OR810-258/59 OR760-988 OR1063
  • MLS Approved: Y
  • Bank Owned: No
  • Limited Representation: No
  • SqFt Source: Property Data Card
  • Flood Zone: X-500
  • Rentals Allowed: With Restrictions
  • Deed Restrictions: Unknown
  • Picture Count: 19
  • Document Count: 3
  • Building Style: Above Flood: Unknown
  • Title: Negotiable
Utilities
  • Utilities: FKAA, Elect Separate Meter, Water Separate Meter, Buyer to Verify, Sewer Available, Municipal Sewer
  • Pub Sewer HkUp: Yes
  • Pool: No
  • Porch/Balcony: Deck, Patio
Interior and Exterior Features
Interior Features
  • Floor: Tile
  • Appliances: Washer, Microwave, Oven, Refrigerator, Dryer
Exterior Features
  • Roof: Metal Roof
  • Construction: CBS
  • Dockage: None
  • Windows/Doors: French Doors, Other Windows/Doors

Property History for 905 Grinnell Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 905 Grinnell Street

Taxable ValueLand$1,246,312Additions$511,704Total$1,758,016
Tax Record2023$13,207 ($1,101 / month)
Home Facts
Baths4Total Finished SqFt3,383 SqFtAbove Grade Finished SqFt3,383 SqFtStories1Lot Size5,730 SqFtStyleMulti-Family Dwelling (2-4)Year Built1959Year Renovated2013CountyMONROEAPN00020860-000000

Schools near 905 Grinnell Street

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

Monroe Virtual Instruction Program
PublicK 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.

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905 Grinnell Street is a multi-family home for sale in Key West, FL 33040. This property was listed for sale on October 14, 2024 by Truman & Co. (KW), it's currently listed at $2,500,000. It has been on the market for a total of 33 days and was last sold on February 6, 2014. This listing's school district is Monroe. Nearby schools include Horace O'bryant School, Monroe Virtual Instruction Program and May Sands Montessori School. 905 Grinnell Street is a 8-bed, 4-bath, 3,383 sqft multi-family home built in 1959.

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 Truman & Co. (KW)

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.