InnShopper > Inns for Sale > Florida > Key West > Knowles House

Knowles House


Key West, FL   Offered for sale at $3,395,000
 

Historic Knowles House is an 8 room fully transient licensed B&B with a 12 seat restaurant in a high-visibility location in the heart of Old Town Key West. Steps away from the Historic Seaport. Professional management is in place with excellent financials. Listed at an 8.5% cap rate!, Knowles House is a rock solid investment opportunity. Over 20 years in business with strong repeat customers. 4 1/2 Star Trip Advisor rating and AA rated. It was the ancestral home of the prominent Knowles Family for over 100 years. This traditional B&B has a heated pool, jacuzzi, rooftop sundeck set amidst a lush, tropical garden. Each of the rooms is ensuite and professionally decorated. Full gourmet breakfast served and a beer and wine Happy Hour daily.



Property Details
  • 8 Guest Rooms
  • 8 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1865
  • Last Renovated in 1997
  • Opened in 1995
  • Building is 2,438 SQFT
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $3,395,000
  • Occupancy Rate: 88.05% (2015)
  • Average Daily Rate: $225.92 (2015
  • Annual revenue is $655,430
  • Terms: NOI $298,001 (2015) Listed at 8.78% cap rate. Small Lodging properties in Key West have been appraising at app 7.5% cap. Outstanding opportunity with management in place if desired.
  • Prequalify for Inn Financing on this property
Contact Information