$969,000

2503 Fogarty Avenue

Key West FL, 33040

Description

The Perfect Key West Investment Retreat. This Keys home is an incredible investment opportunity with historical gross annual rental income of $88,200 and potential CAP rate of 7% - a return you will not find often!! This is currently a multi-family home with two separate meters, two full kitchens, but with many options for income and personal use...perfect for customizing to your unique goals and personal plans for your Keys homeownership. Perfect opportunities for both long-term (annual) rental, monthly vacation rental, and owner occupation amongst the three units. The property includes a sunny private pool, a vast, fully-fenced yard with mature landscaping. Plenty of available parking out front and ample space throughout the fully fenced property for your improvements.

Details

MLS#590892
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1943
Days On Site50

Features

Bed(s)5
Bath(s)3fb
SQ Feet1,900
PoolYes
Story(s)1 Story
Acreage0.11
Water FrontNone

Market Activity 33040

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Area Information

StateFL
CountyMonroe
CityKey West
Zip Code33040
AreaKey West
SubareaMidtown East
Community NameKey West Realty Cos Sub (3.0)
Listing VS Median (in Key West Realty Cos Sub (3.0))
Price:
$969,000
low | high
Med:
$699,000
77.863777089783% of Average
SqFt:
1,900
low | high
Med:
1,000
97.368421052632% of Average
$ / SqFt:
$510
low | high
Med:
$699
12.941176470588% of Average
On Site:
50
low | high
Med:
52
96.153846153846% of Average
Listing Updated: 07/03/2020
Alexis Kennedy O'Donnell LogoMLS Number: 590892
Listing Provided By:
Alexis Kennedy O'Donnell  of  Last Key Realty Inc (KW)