1018 Georgia Street, Key West, FL 33040

Listing Snapshot

About This Home

Income producing Duplex in Old Town Key West! The Owner would prefer to hold the financed note for a new owner. Fully renovated offering strong income potential and turnkey condition. Recent upgrades include a new roof, siding, impact windows, updated kitchens and baths, and new flooring in the rear unit. The downstairs features two lockout units--rear unit projected at $2,800/month with large private backyard, and front unit at $2,300/month. Upstairs treetop unit is currently tenant-occupied. Total projected income of approximately $7,700/month ($92,400 annually), reflecting an estimated 9.2% cap rate. Centrally located directly across from Bayview Park, this property offers consistent rental demand and separate electric. X Flood zone with plenty of room for a pool in the backyard.

General Features

Property Type

ResidentialIncome

Sub-type

Duplex

Zoning

HMDR - Historic

Utilities

SewerAvailable,WaterAvailable

Subdivision

Casa Gato (2.0)

Interior Features

Flooring

EngineeredHardwood,Tile,Wood

Heating

WallFurnace

Cooling

CeilingFans,WallWindowUnits

Window Features

StormWindows

Exterior Features

Construction

Frame,WoodSiding

Exterior Features

OutdoorLivingArea,RoomForPool

Roof

Metal

Lot Features

LessThanQuarterAcre

Patio / Porch

Covered,Deck,Patio,Porch

Fencing

Fenced

Pool

No

Waterfront

No

Waterfront Features

None

Community Features

MLS Area

5940 - Other Florida County

Schools

Map

Virtual Tour