The
legal duplex located at
721 Georgia Street in the Meadows Area of
Key West
is an unassuming two story abode waiting for a
new owner. I dug down into my old shoe box and found a photo of the
house taken back in 1965. There was a note on the back which states the
house used be known as 1301 Petronia Street rear. I took a picture from a
similar location so that readers could see how little this home has
changed in fifty years. The fence is taller and more private, the original Bahama
shutters are gone. So too are the wood windows that were replaced with
impact glass. The house is
still located in a very quiet location near Old Town yet not near all
that noise and commotion.
The listing Realtor, not me, describes the property this way:
"Wonderful compact duplex in the Meadows. Each unit is in good condition and
immediately rentable. The first floor 1 BD unit has wood floors, newly painted
interior, washer and dryer, and a large wooden deck at the rear of the house.
The 2nd floor 1 BD unit was owner occupied for many years and has numerous
upgrades. There are tile floors, corian counter tops, dishwasher, washer and
dryer, and a balcony off the rear of the unit. This home would make a great pied
a terre plus income. There are impact rated windows (2010) on both units and 8'
elevation."
It
looks like the duplex was renovated about twenty-five years ago. The
place has been very well maintained since then. The kitchens, baths, and
some of the appliances look their age. Others were replaced. The wall
mounted air conditioners are much newer. The rear decks probably need
replaced and the building deserves a new paint job.
I
borrowed the interior photos from the listing Realtor with her
permission. I didn't take photos when I showed the property as I
did not want to interfere with the showing. I was really "taken" by the
second floor unit where the owner had lived. The furniture comes with
this place if the new buyer wants it. There's a very nice almost
"built-in" sectional in the living room. That space is located up front
just off the second floor entry area. The dining area is to the left.
The bedroom is up front on the south side. The very nice bathroom is
located in the middle and the kitchen is at the rear. We all had a
giggle at 1980s era range.
I agree with the listing
agent's suggestion that this property would make a great pied a terre.
So many buyers are looking for a place they can use and also rent out
for income. This is that place, only here you get annual income without
interruption and if you rent it yourself and don't rely on a property
manager, you won't have to share part of your annual income with a property management company.
All of the
windows and glass doors are impact glass. That means your windstorm
insurance will be very low. The house is located in the 8' flood
elevation so flood insurance will be low. The house has been well
maintained. Fire and liability insurance should also be low.
CLICK HERE to view the Key West mls datasheet and more listing photos. Then please call me,
Gary Thomas,
305-766-2642 to schedule a private showing. I am a buyers agent and a full time Realtor at
Preferred Properties Key West.
