1018 Georgia Street, Key West, FL 33040

• 3 beds |
• 2 baths |
• 1,452 sqft

Property Description

Investors Alert! Legal Duplex in Old Town Key West. This property just had an Extreme Makeover. new roof, new siding, new kitchens, new bathrooms., new sub flooring in the back apartment, new impact windows . An opportunity to own a rental Property in Kew West with great income flow. With all the upgrades the rent will be increased. Downstairs lock out units; the back unit will rent for $2500 with a back yard exposure. The front unit rent for $2200. Projected income will be estimating $7800. per month. Never a problem renting in the past. Upstairs tenant in place. The yearly income $93,600 bring a 6.5 cap rate. Located across the street form Bay View Park. An Exceptional location and Opportunity. @ separate meters for electric and water. tenants pay their own utilities. All units will be ready to show from December 8th onwards. Updated photos and floorplan to follow ASAP.

Listing Status:

Active

Listing Office:

Coldwell Banker Schmitt Key Largo : (305) 451-4422

Listing Agent:

Diana Lynn Fiddes : (305) 393-0721

MLS ID:

617248

Interior

• General: Built-in Cabinets
• Flooring: Wood
• A/C: Wall/Window Unit(s)Ceiling Fans(s)
• Disability Feature: None

Exterior

• Pool: None

Construction

• Roofing: Metal Roof

Location

• County: Monroe

Lot

• Zoning: HMDR - Historic Medium Density Residential103477100033870-000000

Utilities

• Utilities: FKAA

This listing courtesy of Diana Lynn Fiddes, Coldwell Banker Schmitt Key Largo