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About This Home
This 3-bedroom, 7-bathroom commercial at 402 Appelrouth Lane in Key West, FL is listed for $2,490,000. Built in 1943, on a 0.08 acres lot.
**6%+ Cap Rate Opportunity ** Now offered at $2,490,000, this income producing Old Town property offers strong cash flow and immediate investor appeal. Located just steps from Duval Street, 402 Appelrouth Lane offers a rare investment opportunity in a premier X Flood Zone location.
This mixed use property has income potential from residential and commercial units. With over 5000sqft of interior space this iconic structure showcases tall ceilings, historic architectural character and custom artistic details that give it Old Town Charm. Appelrouth Lane is known for strong foot traffic, established neighboring businesses and a desirable central location. just minutes from restaurants, galleries, shopping and Key West nightlife. Opportunities like this are exceptionally rare.
Key Features
- Built in 1943
- 0.08 acre lot
- 3 stories
Property Details
Amenities
Monthly Cost Estimate
$13,317/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
402 Appelrouth Lane
Key West, FL 33040
Jack Sq Prof Cent (1.0)
Property Details
Flooring
Construction
Views
Cooling
Appliances
Questions & Answers
This 3-bedroom, 7-bathroom commercial at 402 Appelrouth Lane is listed at $2,490,000. The estimated monthly payment is $10,790 based on 20% down at 6.5% interest.
Key features include: Built in 1943, 0.08 acre lot, 3 stories.
This property is listed by Key West Sisters and can be reached at 3057470369 or keywestpropertysisters@gmail.com.
