Created date: June 6, 2023
Date last updated: September 13, 2023
Park Place Townhomes, 14 units apartment complex on South Stock Island, adjacent to Key West, FL. 11 of the units have a minimum of a year lease, have been renovated, and are currently rented. The other 3 units are in a triplex building that is beyond repair and needs to be torn down and rebuilt. The property faces 3 different streets: 2nd Street, 3rd Ave, and 2nd Terrace. Free and clear with no mortgages or liens. North Stock Island has been annexed by the City of Key West. South Stock Island is still unincorporated Monroe County. Each unit has its own Real Estate Number and could be sold separately if desired. HOA corporation in place transfers to new owner if desired. There are 7 buildings: 1 single family home, 5 duplexes, 1 triplex. Each building has its own transferable LLC. All units are 2 bedrooms, 1 bath, unfurnished. Tenants pays for all utilities, separate meters for water & electric, tenants get their own accounts. Tenants reimburse for sewer and trash pickup. Off street parking. Map pin drop is not accurate as shown.
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