571 8th Street, KEY COLONY, FL

$2,349,000

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5

Beds

4

Baths

2,218

Square feet

About 571 8th Street

Check out the updated photos! The current DOM is reflective of pre-remodeling days. This 7 night weekly rental is an investors dream with rental projections at 70% of $184,800 and/or 60% at $158,400. This full duplex has been completely renovated with brand new kitchens, appliances, bathrooms, flooring and impact windows and sliders. The exterior of this 8,250 sq ft property will really shine, featuring a 75 ft concrete seawall with steel bumpers, 5k davits and a fish cleaning station. For easy canal access it has swim ladders and stairs from the dock. With a fenced-in yard, huge side yard with double swing gates for secured trailer storage, tiki, pool, and large exterior gathering space. Each floor has an interior washer and dryer, and the units are separately metered. The property provides ample parking for vehicles, trailers, toys, plus a one-car garage equipped with an impact garage door and enough room to accommodate a large motorhome with plenty of room to turn around. The duplex could be divided and sold separately, providing an investment or co-owning opportunity. You could buy half and a family member or friend could buy half.

Features of 571 8th Street

MLS® # 606381
Price $2,349,000
Bedrooms 5
Bathrooms 4.00
Full Baths 4
Square Footage 2,218
Acres 0.00
Year Built 1970
Type Residential
Sub-Type Duplex
Style Ground Level
Status Active

Community Information

Address 571 8th Street
Area 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
Subdivision Key Colony Beach (53.5)
City KEY COLONY
County Monroe
State FL
Zip Code 33051

Amenities

Amenities Beach, Clubhouse, Bike Paths
Utilities Elect Separate Meter, Municipal Sewer, FKAA, Water Separate Meter
Parking Spaces 4
Parking Off Street Parking, Open Parking, Guest Parking, Garage, Attached, RV Parking Open, Trailer Storage, Covered Parking
View Canal View
Is Waterfront Yes
Waterfront Canal Front
Has Pool Yes
Pool In Ground, Fiberglass

Interior

Appliances Dishwasher, Refrigerator, Range, Oven, Microwave
Cooling Ceiling Fans, Central A/C
Fireplace No
Stories 2 Stories

Exterior

Exterior Features Chickee Hut, Storage
Lot Description Less Than 1/4 Acre
Windows Sliding Glass Doors, Single Hung Windows, Impact Rstnce Window
Roof Metal Roof
Construction CBS

Additional Information

Date Listed August 21st, 2023
Days on Market 86
Zoning R-2A - Key Colony Two Family
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentSamuel Williams
OfficeColdwell Banker Schmitt Real Estate Co.

Listing Map

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