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1004 Eaton Street, Key West, FL

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1004 Eaton Street

Key West, FL 33040-6925

Property Type:Hospitality Number of Rooms:8 Status:Existing Year Built:1933
Stories:2 Building Size:2,438 SF Land Area:.25 AC (10,890 SF)
For Sale Price:$3,250,000 Price/Room:$406,250 Cap Rate:7.74 %


Sale Notes:
Historic Knowles House is an 8 room fully transient licensed B&B with a 12 seat restaurant in a high-visibility location in the heart of Old Town Key West. Steps away from the Historic Seaport. Professional management is in place with excellent financials. LISTED at an 7.74% cap rate based on 2015 and 2016 avg NOI , Knowles House is a rock solid investment opportunity. Over 20 years in business with strong repeat customers. 4 1/2 Star Trip Advisor rating and AA rated. It was the ancestral home of the prominent Knowles Family for over 100 years. This traditional B&B has a heated pool, jacuzzi, rooftop sundeck set amidst a lush, tropical garden. Each of the rooms is ensuite and professionally decorated. Full gourmet breakfast served and a beer and wine Happy Hour daily.

In the heart of Old Town Key West at 1004 Eaton St., between Grinnell and Francis Streets is a short 2 blocks to the Ferry Terminal and the Key West Historic Seaport with its bars and restaurants, entertainment and marina which houses the charter fishing, snorkeling, sunset cruises, and scuba diving vessels. Also only 5 short blocks to world famous Duval St. with its shops, bars, shopping and entertainment. The nightly Mallory Square Sunset Celebration is also mere blocks away. Leave your auto at home, no need to rent a car, just walk or bike and enjoy the island!

Truman & Co.
Keith Bland
(305) 292-2244

Kent Ducote
(305) 292-2244 x115

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