Sold $649,000 - Sold
Transient-licensed Old Town unit is located in a beautiful and historic 5-unit, 2-story conch house on White Street. It is in easy biking distance to everything Key West has to offer. This charming 1 BR/1 BA second floor unit is professionally managed if you wish and can be rented nightly. Excellent stand-alone investment or visit Key West and collect your income stream for the rest of the year. Currently yielding a 6% cash on cash return at list price, the condo has even more investment upside if financed and by increasing the 75% occupancy to KW average as per Smith Travel Research. This perfect little unit has a private sundeck with a hot tub overlooking the pool and gardens and a balcony on White St for people watching. There is beautiful Dade County Pine walls and lots of charm that will keep your guests coming back. Financials including occupancy rate is available upon request.
- Built: 1938
- Sq. Footage: 539
Contact Truman & Co
Whether you are buying or selling, contact us for help in the process. Office: 305-292-2244