1010 Grinnell in Key West FL. 4 unit compound one block off of Truman Avenue. Unit A, B and C are connected. A is closest to the street. C is farthest from the street. Unit D is a commercial store front. Unit A, B and C will be sold together and are bank owned properties. Unit D is not in default.
Don's Place bar is on the corner. The Mac Store is on another corner. A Bike Shop is on another corner. A laundry mat and little take out restaurant are on the 4th corner. 1010 Grinnell is 5 blocks from Duval Street, a quick bike ride to the beaches and 5 blocks to Horace O Bryant middle school.
1010 Grinnell Street, Key West, FL 33040
Flood Zone is X500
Built in 1943
4 electric and 4 water meters
Garage for 1 truck or car.
V crimp metal roof
HDMR High Density Mixed Residential
Zoned Mixed Use with 3 Residential Units and 1 Commercial Unit
Master File AK 9080074
Condominium Association has been dissolved
Estimated cost to form an Home Owners Association (HOA) $500
No building permits for Unit A, Unit B or Unit C (all residential units) have ever been pulled with the City of Key West Building Department. Unit D, the commercial store front, has had 2 building permits pulled for demolition of 20 feet of a concrete block wall.
Unit A Front Door (closest to the street)
Estimated annual insurance $7,000 if an owner lives in one unit. Approximately $8,500 annually if the owner rents all 3 units.
** Unit C is Affordable Housing Deed Restricted for 25 Years from December 23, 2003 ** The grid to see the maximum income and sale price are on the city of Key West web site. Unit C is at "100%" of the median income so the maximum income of a tenant (single occupancy) would be $55,300. For double occupancy of the unit the maximum income is $63,200. The maximum sale price of the unit is currently $221,200. The maximum rent would be $1,580 per month. The tenant's employer(s) would need to provide income and employment verification annually. The tenant would need to provide the Housing Authority a copy of the lease and provide a copy of tax returns annually.
633 square feet
Small private outdoor living area
Alternate Key (AK) 9080079
Real Estate Number (RE) 00031100-000101
Legal Description: Unit A Grinnell Street Condo OR2241-683 OR2454-1327/28
UNIT B (vacant)
Estimated Rent: $1,360
573 square feet
Private out door living area. Larger than Unit A.
Alternate Key (AK) 9080083
Real Estate Number (RE) 00031100-000102
Legal Description: Unit B Grinnell Street Condo OR 2241-713 OR 2454-1325/26
2010 assessed tax value $170,662
UNIT C ** Deed Restricted Affordable Housing **
The purchaser must have an income that falls within Monroe County Affordable Housing Guidelines and must rent at prices within the Monroe County Affordable Housing Guidelines. Tenant rents and ownership income restriction are addressed in the last 2 pages of the Declaration of Condominium and the Land Development Regulations by the City of Key West section 122-1466. The condo docs are located in book 2052 on page 171 of the Monroe County Clerk of the Court.
510 square feet
No private outdoor living area
Alternate Key (AK) 9080087
Real Estate Number (RE) 00031100-000103
Legal Description: Unit C Grinnell Street Condo OR2241-737 OR2454-1329/30
1010 Grinnell Street Key West FL Pool View