$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
Current Price: $2,000,000
Listing Date: 2012-02-02
Listing Board: Key West Association
Leased Price Monthly: $2,000,000
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Location, Tax & Legal
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
Style: Commercial
Lot SqFt: 3317
Waterfront: No
Business Name: Seascape Tropical In
Building SqFt: 3921
Year Built: 1934
Association Info
Mandatory Home Owners Asc: No
License Info
# of Transient Licns: 3
Financial Status
Potential Short Sale: No
Status Change Info
Under Contract Date: 2012-11-15
Leased Date: 2012-11-16
Leased Price Monthly: $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
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