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Key West Great investment opportunity

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Real Estate Agent with Coldwell Banker Schmitt Real Estate Co.
Just Reduced $100,000!!! Great investment opportunity! Work Force Housing! This property consists two buildings with 5 Licensened Rental Units and 2 lockouts, with rental income of $7,860 per month with room for improvement. There are 3 Electric Meters, and 5 Water Meters. The property is located in Old Town in an X zone, so no flood insurance is required. This property will make a great condo conversion or employee housing. Off-street parking. Available to purchase with 1212 Catherine Street, a Single Family 3bed, 1 bath with pool. This can make a great compound! See MLS #106112 1212 Catherine St. which is a 3/1 with a pool! Rents for $2,500 + Utilities per month. Combined price $1,459,000.
Listing #106113 
$997,000 (LP)

Price/SqFt:  310.79
 
1214  Catherine St,  Key West, FL  33040 *     Active 
Beds: 8Baths: 7 (7 0) (FH)Sq Ft: 3208*Lot Sz: 3682sqft*
Key/Island: KeyWstYr: 1933*
 

Comments(2)

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Jim & Maria Hart
Brand Name Real Estate - Charleston, SC
Charleston, SC Real Estate
We LOVE Key West!  Jim was born there, and eventually we'd love to own something there.  This looks like a great investment opportunity.  Hope you find a buyer soon!
Jan 07, 2008 04:07 AM
Carol Zingone
Berkshire Hathaway Home Services Florida Network Realty - Jacksonville Beach, FL
Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
I love Key West, too! Wish I could add this to my portfolio! Good luck!
Jan 07, 2008 08:55 AM