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506 Frances Street, Key West, FL

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506 Frances Street

Key West, FL 33040-7199

Property Type:Multi-Family Number of Units:12 Status:Existing Year Built:-
Stories:2 Building Size:5,109 SF Land Area:-
For Sale Price:$4,595,000 Price/Unit:$382,916.67 Cap Rate:- GRM:-

Portfolio:This property is for sale as part of a portfolio of 2 properties.

Sale Notes:
506 Frances St, an historic 4 unit non-transiently licensed apartment building with 4 ROGO's is being offered only in conjunction with Historic Knowles House located at 1004 Eaton St--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. Please refer to Knowles House listing for specific guest house information. 506 Frances St currently houses 3 long-term rental units plus the owner's unit. Gross rental income of $80,400 with owner's unit rented. 506 Frances St offers a multitude of uses, some with high income potential: vacation rentals would be naturally synergistic with ownership of Knowles House, condominium conversion, single family conversion, employee and/or owner housing, or long-term rentals. 506 Frances St (a 4-unit non-transient apartment building) is being offered only in conjunction with 1004 Eaton St (Knowles House an 8-unit transient licensed guest house). Knowles House may be purchased separately; 506 Frances may NOT be purchased separately. See listing on Knowles House for specifics. Confidentiality Agreement is available on LoopNet; please complete and sign in order to receive financ
From White St, go west on Eaton St. Destination is 3 blocks west on the left.

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

Kent Ducote
(305) 292-2244

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