Are you looking for a small investment property that you could turn into a retirement place in a few years? If so, you might want to consider the new legal duplex just listed at 1106 Pearl Street near Old Town Key West. This property is located one half block south of Bayview Park where a small Christmas village with miniature Conch Houses and Santa's Workshop spontaneously appeared after Thanksgiving.
The listing Realtor describes this duplex this way:
"This sweet duplex offers a 2/1 and a 1/1 plus den. It makes a great rental property but would also work well for an owner/occupier who wants rental income. Each unit has it's own yard space and privacy. Convenient location near HOB school and Bayview Park."I dug into the shoe box and found an old photo of 1106 Pear Street which is shown above. According to the photo, 1106 Pearl Street was actually built in 1906. Compare that to the way the house looks in December 2011 with all the Key West foliage in front.
A new owner could clean up a lot of the palms and maybe brick that driveway and perhaps add a white picket fence. The property is presently a legal duplex. Both units have long term tenants who have been in residence for several years. The house itself has 1252 sq ft of living space and sits on a 40' x 90' (3668 sq ft) lot. The asking price is just $435,000. CLICK HERE to view the Key West Association of Realtors mls data sheet on this property.
If you would like to see this property or any other property in Key West, please call me, Gary Thomas, 305-766-2642. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc.