1104 - 1106 Thompson Street - Key West - Buying Opportunity

 The listing agent on 1104 - 1106 Thompson Street describes this incredible property this way:
"Fantastic Deal And A Great Location! Would Be Perfect For An Investor Or Someone Who Could See The Potential Of This Property. Home Sits On Two Lots. It Is A 3 Bedroom 2 Bathroom 1,000.00 Sqft. Brick Cottage That Needs Tlc." 

I could not agree more. There will be some nay-sayers that will counsel to never buy a house located near a school (which this is) or near a church.  They would be wrong at least in this instance. Read further to find out why I say this.

According to the Monroe County Property Appraiser the existing house is 999 sq ft in size. That figure does not include, in my opinion, the semi-enclosed Florida room that adds another 200 sq ft or more to quality living space. The house itself has three bedrooms and two baths. The house was built in 1954 (59 years ago). A lot of 59 year olds get face lifts. It's time this house got one. A new owner would likely gut the interior and redo the kitchen and baths. If I bought the house I would add wind impact resistant windows and doors to reduce long term wind storm insurance premiums.

The lot is extra large - 94' x 101' or 9397 sq ft.  The lot is located at the corner of Catherine and Thompson Street.The house is located about 20 feet from Thompson and about the same from Catherine. The yard on both sides is densely landscaped with tropical foliage.   

west side yard

gate to west side yard

west side yard from rear of house looking toward Catherine St.

east or front yard includes a ramp to deck off master bedroom

north side or back yard

The lot is obviously in need of some major clearing and pruning.  That's easy. I suggest that a buyer consider the added added value of the mature palms located on this property. I might even add new trees to the back and west sides to add more privacy where I would probably install a pool. The two storey building on the north side is administrative offices for the school.

1104 - 1106 Thompson Street is offered at $449,900. CLICK HERE to view the Key West Association of Realtors mls datasheet and listing photos.  Please contact me, Gary Thomas, 305-766-2642 to schedule a showing or for more information on this unique buying opportunity in Key West. I am a buyers agent and a full time Realtor at Preferred Properties Key West. I think this could make a wonderful Key West tropical haven for the person who wants a tropical forest and no neighbors.