10/28/2024
Investment Opportunity from The Watkins Group + Key West Investment Club!
We’re excited to present a premium investment property with the potential for an estimated 6-7% ROI, depending on annual NOI, purchase price, and expenses. Please note that the figures used are preliminary and may vary.
This property underwent a complete renovation in 2021, featuring modern finishes, a new roof installed in 2018, and updated plumbing and electrical systems.
With a proven track record of less than 1% vacancy, we’ve conservatively factored in a 2% rate for our analysis. The current owners do not have wind insurance, but we’ve obtained a base-level quote from Citizens for your reference. Remember that this estimate may vary with additional deductions from the insurer.
Historically, the homeowners have successfully rented their units for $4,500/month to Coast Guard personnel and travel nurses. The property also has 28-day Key West licenses, allowing monthly rentals. During peak season, rental offers can range from $10,000 to $13,000.
The Key West Investment Club is ready to connect you with high-value tenants willing to pay premium rents. While this opportunity may seem too good to be true, we assure you it’s real. Don’t miss out—contact us for more details!
*This property is not currently listed for sale, but the seller is open to offers. Reach out today if you’re interested!*