1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
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1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
1224 2nd Street
For Sale

1224 2nd Street

1224 2nd Street, Key West, FL 33040

$1,700,000
Strong value-add multi-family fourplex investment opportunity with major improvements already completed.The heavy lifting has been done, including a new roof, brand-new windows, and updated concrete throughout, setting the stage for the next owner to bring the project to completion.Once finished and delivered furnished, the property has the potential to generate over $200,000 in annual income across all four units.Additional upside includes the option to condo-convert, with projected rental income of approximately $6,000/month for the lower units and $7,000/month for the upper.An ideal opportunity for an investor looking to step into a project with reduced risk, immediate upside, and strong income potential.A rare chance to step in, complete the project, and capture the upside of a fully optimized, income-producing asset.

4
beds

4
baths

3,000 Sq.Ft. LIVING AREA

7,000 Sq.Ft. lot

Jenna Stauffer

Jenna Stauffer

Features & Amenities

Interior

  • total bedrooms4
  • Total bathrooms4
  • full bathrooms4
  • APPLIANCES Oven

Area & Lot

  • Status For Sale
  • Living Area3,000 Sq.Ft.
  • Total Area3,000 Sq.Ft.
  • Lot Area7,000 Sq.Ft.
  • MLS® ID619703
  • TypeMulti-Family
  • YEAR BUILT1950
  • NeighborhoodKey West
  • Water FrontageNone
  • View DescriptionNo Waterview

Exterior

  • utilitiesBuyer to Verify
  • roofMetal Roof
  • HOA AmenitiesNone

Financial

  • Sales Price$1,700,000
  • Real Estate Tax $10,120/yr
  • Zoning MDR-1 - Medium Desnity Residential
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Schedule a Showing

We would love to show you this beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you this beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 1224 2nd Street, Key West, FL 33040. We are reviewing your request and will be in touch shortly!

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