$2,000,000
Key West, FL 33040
MLS# 116035
Status: Closed
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Property Description
Centrally located,100 steps from Duval is this turnkey B&B with a positive cash flow. When the current owners purchased the property, they embarked on a mission to turn it into a gem. For the last 3 yrs. this has been in the top ten on Trip Advisor B&B Key West list. There are a total of 7 units, one of which is a 2/2 suite, upper decks front and back, great poolside area and side breakfast area. Average annual occupancy in 2011 was 88%. Repeat and personal Referral reservations represent more than 31% of all Bookings. There is still upside potential for room rates. In addition to room revenues there are commissions from bicycle rentals and sport activity. Great opportunity for a couple to live and work in Paradise.
Details
Maps
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
For Sale/Lease: For Sale
Current Price: $2,000,000
Listing Date: 2012-02-02
Sold Price: $2,000,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 0
Side: Median
Alternate Key #: 1018317
Bldg Nbr: 0
Taxes: 12985.97
Tax Year: 2011
Street #: 420
Street Name: Olivia
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Lot SqFt: 3317
Business Name: Seascape Tropical In
# Parking Spaces: 0
# Stories: 0
Building Ht. Ft.: 0
Total # Buildings: 0
Building SqFt: 3921
Style: Commercial
Year Built: 1934
Remarks & Misc
Remarks – Consumer: Centrally located,100 steps from Duval is this turnkey B&B with a positive cash flow. When the current owners purchased the property, they embarked on a mission to turn it into a gem. For the last 3 yrs. this has been in the top ten on Trip Advisor B&B Key West list. There are a total of 7 units, one of which is a 2/2 suite, upper decks front and back, great poolside area and side breakfast area. Average annual occupancy in 2011 was 88%. Repeat and personal Referral reservations represent more than 31% of all Bookings. There is still upside potential for room rates. In addition to room revenues there are commissions from bicycle rentals and sport activity. Great opportunity for a couple to live and work in Paradise.
Deed Restrictions
Unknown: 1
Association Info
Mandatory Home Owners Asc: No
Association Fee $: 0
License Info
# of Transient Licns: 3
Type
Other Services: 1
Dockage
None: 1
Property Info
Gross Annual Expense: 0
NOI: 0
Cooling
Wall/Window Unit(s): 1
Electric
Circuit Breakers: 1
Floor
Carpet: 1
Tile: 1
Wood: 1
Interior Features
Laundry Room: 1
Windows/Doors
Double Hung Windows: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Title
Oth Title Ins L.O.: 1
Property Rights
Transient License: 1
Miscellaneous
Manager on Premises: 1
Pool: 1
Storage: 1
Roof
Metal Roof: 1
Financial Status
Potential Short Sale: No
Status Change Info
Sold Date: 2012-11-16
Sold Price: $2,000,000
Status: Closed
Property Features
Deed Restrictions: Unknown
Type: Other Services
Dockage: None
Cooling: Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer
Interior Features: Laundry Room
Miscellaneous: Manager on Premises; Pool; Storage
Construction: Frame
Electric: Circuit Breakers
Floor: Carpet; Tile; Wood
Roof: Metal Roof
Land Size: Less Than 1/4 Acre
Title: Oth Title Ins L.O.
Property Rights: Transient License
Listing Office: Preferred Properties (KW)
Last Updated: September - 09 - 2024
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.