Grand Guest House $3,395,000

The Grand Guesthouse is Key West's best lodging investment opportunity with outstanding financials and consistent year-over-year growth. Where in the current marketplace can one find proven and consistent returns in excess of a 7.5% cap rate? Includes 2 buildings with 10 rentable units and a 2-bedroom unit as on-site manager's residence. Front building is an 1885 historic bungalow; circa 1952 rear building houses 4-1 bedroom suites. Charming and well-maintained, the Grand Guesthouse attracts new and return visitors whilst maintaining excellent occupancy and ADR. Green Lodging Property, recipient of the Superior Small Lodging's White Glove award & Cert. of Exc. from Trip Adviser. Signed confidentiality agreement required. Contact Keith Bland or Kent Ducote for more information keith or kent @dougmayberry.com

Details

  • Built in 1885
  • MLS #118719
  • 10 Guest Rooms
  • 10 Guest Bathrooms
  • Lot size: 4675 acres
  • 6 Parking Spots
  • Has owner's quarters
  • $3,395,000

Listing Agent

Kent Ducote, Doug Mayberry Real Estate
1075 Duval Street Suite C23
Key West, FL 33040

Phone: 3053945818
email: kent@dougmayberry.com

Location

1116 Grinnell Street Key West, FL 33040

Photos (click to enlarge)

Gorgeous, historic 1885 Wood Frame Building with 2 bedroom owner's/manager's apartment

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