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Commercial Real Estate in Key West & the Florida Keys by RE/MAXCommercial Real Estate in Key West & the Florida Keys by RE/MAX

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3 Types of Rental Property Investments for New Investors

3 Types of Rental Property Investments for New InvestorsFor those who are looking for their first rental property investment, diversity in the market only serves to confuse them. There are just too many variables to the equation that leads to a successful investment. New investors can make better choices by discovering the best types of property investments in the rental market.

Single-Family Units

These homes are especially attractive to young families. A recent report by Forbes showed that single-family homebuilding rose 11 percent in December 2019, the highest ever since 2007, which was before the economic crisis.

To be more profitable, pick homes that have sound structure but require a bit of renovation. These homes will be priced much lower than the current market rate. This is to provide you with a protective cushion in case the market value takes a dive. Once renovated, this type of home can bring you steady income for years to come, provided you pick an established neighborhood that provides values to the renters.

Single-Tenant Triple-Net Properties

This type of property is perfect for investors who don’t have the time to actively manage the property. Basically, you’ll lease out your property to a single tenant. Most of the time, the tenant will be a company and they will be responsible for all expenses related to the property. The typical lease terms are from 10 to 25 years, renewable. If you have KFC, FedEx, or Ford as tenants, you’ve hit the jackpot.

Condos & Apartments

For those with more ample funds to invest, condos & apartments are synonymous with security and prosperity. These types of properties are often in their best conditions with little management required, and they attract well-behaved highly-educated tenants/vacation-renters, which is a landlord’s dream come true.

Knowing which types of rental properties yield the best result helps investors make better investment choices in the real estate market. If you plan to purchase on a mortgage, do careful calculations before you commit to ensure you don’t get caught in a cash shortage in the process.

Key West Investment Condos

Beautiful Lighthouse & Marina Views overlooking the Gulf of Mexico, one of the nicest Condominium Complexes in Marathon. Spacious 3 bedroom 2 bath with a split floor plan, sold furnished  Large balcony with gorgeous views. Spacious Kitchen. Tiled floors with carpeting in the bedrooms, Tennis Courts, separate  storage area. assigned parking  Gated entrance. Owners of units get a discount at the adjoining Faro Blanco Resort for dining, Hotel,Marina, & have Pool privilege's $619,000 Active

Marathon, Florida

3 Beds 2 Baths 1,650 SqFt

2 bedrooms, 1 bathroom condo at Key West By The Sea. Open floor plan with views of the pool. This property went through the Airport Noise Improvement Project in April 2020 and has all new sound proof windows and doors. Ductless units in both bedrooms and the living room. The property is well maintained by the association. Key West by the Sea offers 2 large swimming pools, 2 tennis courts and coin laundry rooms. Smather's Beach is across the street which is popular with sunbathers and watersports enthusiasts. Smather's is a main promenade with a wide paved sidewalk perfect for for biking, rollerblading, running or walking. Take an evening stroll down the beach after a hard day of work or a swim on your day off. Buyer/New owner may not rent for the first year of ownership. After 1 year Take an evening stroll down the beach after a hard day of work or a swim on your day off. Buyer/New owner may not rent for the first year of ownership. After 1 year there is 2 month minimum rental. $495,000 Active

2601 Roosevelt Boulevard S 218C KEY WEST, Florida

2 Beds 1 Baths 980 SqFt

Penthouse Corner unit! Pristine condition. Privacy, No rentals, enclosed Garage with Boat lift on 200 ft wide canal on Deep water dockage and Cocoplum Beach is just down the street. Tennis courts, pool, the entire building including elevator, fencing, grounds, building exterior everything has been upgraded in last 3 years. Impact windows and sliders, wine cooler, Granite Kitchen, screened in porch, corner unit has larger views, and so much Natural light. $610,000 Active

130 Coco Plum Drive 401 MARATHON, Florida

2 Beds 2 Baths 1,360 SqFt

Are You Looking for Commercial Property in the Florida Keys?

Use our site to search commercial real estate in Key West and all of the Florida Keys. Unlike the “big name” sites out there, our site is directly connected to our local MLS and is updated with new properties every HOUR. By creating a Property Manager account you can stay on top of the newest businesses that go up on the market and get Price Change alerts so you can stay ahead of other buyers and beat them to the best deals!

In the meantime, check out these 1-click searches:

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Newest Key West Commercial Properties on the Market

Offered for sale is Vaca Cove a 7 unit vacation rental property located in Marathon, FL.  The property is comprised of 7 stilted waterfront homes, dockage accommodating up to 40' boats per home, resort sized pool, fishing dock/kayak launch and built in 2016.  Each home is 1,740 Sq. Ft., 4 bedroom, 3 bath, open floor plan living area, large laundry, water front porches with open water views, private spas and covered parking.  This is an active vacation rental property with established management and increasing numbers.  Please do not go to property unscheduled.  Call for more information. $6,900,000 Active

12555 Overseas Highway A MARATHON, Florida

28 Beds 21 Baths 12,180 SqFt

The BB & T building is a centrally located landmark in one of the best areas in Key West. A prestigious location for this expansive second floor condominium executive office suite. Ideally suited for any professional office; medical, attorney, accountant, investment, real estate and or continued insurance enterprise. This tastefully decorated and expansive office suite offers many desirable features: More than 1900 sq. ft., 2-private balconies facing east and west, kitchen, reception, multiple private offices, bull-pen, conference and ample storage. Common area baths located immediately adjacent to the suite. Utilities included. $5,500 Active

1010 Kennedy Drive 203 KEY WEST, Florida

1,912 SqFt

The BB & T building is a centrally located landmark in one of the best areas in Key West.  A prestigious location for this expansive second floor condominium executive office suite. Ideally suited for any professional office; medical, attorney, accountant, investment, real estate and or continued insurance enterprise.   This tastefully decorated and expansive office suite offers many desirable features:  More than 1900 sq. ft., 2-private balconies facing east and west, kitchen, reception, multiple private offices, bull-pen, conference and ample storage.  Common area baths located immediately adjacent  to the suite.  The CAM monthly fee includes the utilities; insurance, building maintenance and 24 hour security.  Seller financing available.  Office furnishings negotiable. $585,000 Active

1010 Kennedy Drive 203 KEY WEST, Florida

1,912 SqFt

3600 sq. feet of CBS Twin Tee Construction WAREHOUSE with 17' interior height Insulated and Air conditioned.  3 Overhead doors. Ample Asphalt  Parking Cabinet Shop, Window Shop, Endless possibilities ******* COULD BE SUBDIVIDED *********Additionally available 1000 sq. feet of office space plus upstairs apartment.  Pricing will depend on size of space that is  leased. $26 Active

Key Largo, Florida

1 Beds 3 Baths

View All

Posted in: Buying Commercial Real Estate, Condos, Investing, Rentals, Renting Commercial Real Estate Tagged: condo investment, Investing, investing in condos, investment rental property, Investor Tips, Rental Properties, rental property, vacation rentals

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Key West, FL 33040

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98880 Overseas Hwy.
Key Largo, FL 33037

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