Property ID : 122606
For Sale $4,490,000 - Commercial, Guesthouse, Multi-Unit, Old Town
506 Frances St, an historic 4 unit non-transiently licensed apartment building with 4 ROGO’s is being offered only in conjunction with Historic Knowles House located at 1004 Eaton St–an 8 room fully transient licensed B&B with a 12 seat restaurant in a high-visibility location in the heart of Old Town Key West. Please refer to Knowles House listing for specific guest house information. 506 Frances St currently houses 3 long-term rental units plus the owner’s unit. Gross rental income of $80,400 with owner’s unit rented. 506 Frances St offers a multitude of uses, some with high income potential: vacation rentals would be naturally synergistic with ownership of Knowles House, condominium conversion, single family conversion, employee and/or owner housing, or long-term rentals.
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