901 Grinnell Street, Key West, FL 33040

$2,450,000
Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,360 Lot Size (sq. ft.): 1,624 Status: Closed
Current Price: $2,450,000 List Date: 1/27/2024 Last Modified: 8/25/2024

Description

TRANSIENTLY LICENSED Vacation Rental Home with over $200K in Rental Income. Single family private homes in Old Town with the true Conch House charm, a private, heated pool and a true transient nightly rental license are the Unicorns of our market - you so rarely see them they almost appear as legend. Enter 901 Grinnell Street: a 2 Bedroom, 3 Bathroom single family home with a private pool and a true transient license to operate as a nightly rental with no minimums or additional restrictions. This property is fully outfitted as a luxury vacation rental with a decade of performance history in the top of the market, grossing an average of $200,000+ per year in 2021, 2022, 2023, and on track to achieve the same in 2024 with $85,000+ in rentals already on the books for the calendar year. With constant attention paid at the highest level of management over the past decade, mixed with enormous renovations and attentive upgrades this home is a turnkey vacation rental cash cow perfect for Buyers who also intend to use the home as their own when visiting. Property sold completely turnkey including all furniture, fixtures, electronics, artwork, housewares...walk right in to this high performing rental. Renovations and upgrades include entire top floor, all bathrooms, kitchen, flooring throughout, exterior siding, pool deck, porches...Come see for yourself...

More Information MLS# 608366

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Current Price: $2,450,000 Listing Date: 2024-01-27 Sold Price: $2,450,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Mile Marker: 1 Marathon Neighborhood: N/A Side: Median Flood Zone: 0.2 PCT ANNUAL CHANC Alternate Key #: 1021547 Parcel #: 00020810-000000 Zoning: HHDR - Historic High Density Residential Deed Restrictions: No Legal: KW PT LT 2 SQR 3 TR 6 PP-271 UU193/94 D3-226 H2-21 G7-102 OR505-644 OR593-106 OR605-202 OR653-244 OR843-2012 OR943-1260/ Taxes: 7582.01 Tax Year: 2023 Pub Sewer HkUp: Yes Street #: 901 Street Name: Grinnell Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Old Town - Unrecord (1.0) Area: 01 - Key West

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: No Control Depth: 0 Lot SqFt: 1624 Pool: Yes Lot Sqft Source: Tax Records Total Units: 1 Acres: 0.04 SqFt Source: Seller Rentals Allowed: Yes Style: Single Family Year Built: 1948 Living Apx SqFt: 1360 Total Bedrooms: 2 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: TRANSIENTLY LICENSED Vacation Rental Home with over $200K in Rental Income. Single family private homes in Old Town with the true Conch House charm, a private, heated pool and a true transient nightly rental license are the Unicorns of our market - you so rarely see them they almost appear as legend. Enter 901 Grinnell Street: a 2 Bedroom, 3 Bathroom single family home with a private pool and a true transient license to operate as a nightly rental with no minimums or additional restrictions. This property is fully outfitted as a luxury vacation rental with a decade of performance history in the top of the market, grossing an average of $200,000+ per year in 2021, 2022, 2023, and on track to achieve the same in 2024 with $85,000+ in rentals already on the books for the calendar year. With constant attention paid at the highest level of management over the past decade, mixed with enormous renovations and attentive upgrades this home is a turnkey vacation rental cash cow perfect for Buyers who also intend to use the home as their own when visiting. Property sold completely turnkey including all furniture, fixtures, electronics, artwork, housewares...walk right in to this high performing rental. Renovations and upgrades include entire top floor, all bathrooms, kitchen, flooring throughout, exterior siding, pool deck, porches...Come see for yourself... Directions: Corner of Olivia St and Grinnell St on the Truman side

Status Change Info

Sold Comments: Thank you Joe! Sold Date: 2024-06-10 Sold Price: $2,450,000 Status: Closed

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

License Info

# of City License: 1 Transient Rntl Licns: Yes

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Freezer: 1 Gas Appliances: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1 Ductless: 1

Heating

Hot Water: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Tile: 1 Wood: 1

Interior Features

Dade County Pine: 1 Drapes/Blinds Incl: 1 Sky Light(s): 1 Smoke Alarms: 1

Property Condition

Updated/Remodeled: 1

Building Style

Above Flood: Yes Conch: 1 Stories: 2 Stories

Windows/Doors

French Doors: 1 Single Hung Windows: 1 Wood Windows: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1

Utilities

Buyer to Verify: 1

Porch/Balcony

Deck: 1 Open Porch/Balcony: 1 Roof Top Deck: 1

Exterior Features

Fencing: 1 Outdoor Shower: 1 Privacy Wall/Fence: 1 Water Display: 1

Pool Info

In Ground: 1 Heated: Yes Decked: 1

Pre-Wired

Cable: 1

Roof

Metal Roof: 1

Shutters

Bahama: 1 Panel: 1

GF-Interior Features

Tankless Hot Wtr Htr: 1

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Building Style: Conch Furnished: Furnished Cooling: Ceiling Fans(s); Central Air; Ductless Heating: Hot Water Utilities: Buyer to Verify Interior Features: Dade County Pine; Drapes/Blinds Incl; Sky Light(s); Smoke Alarms Pre-Wired: Cable Appliances: Dishwasher; Dryer; Freezer; Gas Appliances; Microwave; Oven; Range; Refrigerator; Washer Exterior Features: Fencing; Outdoor Shower; Privacy Wall/Fence; Water Display Pool Info: In Ground; Decked Construction: Frame Shutters: Bahama; Panel Floor: Tile; Wood Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre GF-Interior Features: Tankless Hot Wtr Htr

Room Information

Living Room Level: Main Bedroom 1 Level: Second Bedroom 2 Level: Second Kitchen Level: Main Full Bathroom Level: Main Full Bathroom Level: Second Full Bathroom Level: Second
Listing Office: eXp Realty LLC
Last Updated: August - 25 - 2024
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