Huge Lot zoned multi family in desirable Key West.

[Desmond J. Hinds]

Plans AND Permits have already been approved with drawings by Monroe County. Plans are approved to build One( 3 story DUPLEX with 3 bedrooms/ 2 bathrooms units each with 1,250 Sq ft on each side and a carport underneath).
Located one block away from the water. Would do pretty well as an AirBnB or Short term rental. Estimated to bring in a minimum of $40k per month ($20k per month each unit). Each unit can be rented for about $600 per night in off season, in season each unit can be rented for about $1,000 per night. Starting 2023 Monroe county is no longer issuing any new permits for new buildings so this is a great opportunity since these permits and plans have already been approved.

$1.15M