1420 Petronia Street, KEY WEST, Florida 33040 (MLS# 603560)

Duplex in the Meadows known as the Artists House! 2 fully licensed, residential units in this highly desirable Old Town neighborhood. Solid monthly rental property with stable income. Downstairs apartment has 2bd/1ba and upstairs is 1bd/1ba. Potential for monthly Airbnb rentals. Or as a fixer upper, renovation needed to convert to a single-family conversion with income from another apartment. Good size 2,255 sf. lot with back deck & yard with room for pool. There is an existing, unused cistern at rear of property may help qualify for potential pool setback waivers. At the front of the house is a small yard & white picket fence. Existing one off-street parking space. Also there is an additional 5.29' x 74' Hiatus strip of land adjoining property on E side that is recorded and surveyed. Owner has filed an Adverse Possession claim on this Hiatus strip of land. Good size open decks up and down & screened front porch. Two Electric, Water and Sewer accounts. Each apartment has W/D hookups. Hurricane storm panels for windows & doors included. Nice residential neighborhood & Petronia St. is a one way street coming into town. Same owner for nearly 20 years. Survey of property and Hiatus strip & an Elevation Certificate on file.