Zoocasa Realty Inc., Brokerage

USAFLKey WestSunshine Sub Plat 3 (3.0)1224 2Nd St

1224 2Nd St, Key West, FL

Name: 1224 2Nd St, For Sale in Key West - Zoocasa
Brand: Ocean Sotheby's International Realty
SKU: 621893
Price: 1700000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,700,000

850

MLS® 621893

Overview

Key Facts

Type Multi Family

Levels Residential

Size 3000 sqft

Garage

Taxes $10,120

Days Active 12

Lot Size 0.16 Acres

Approx. Age 1950

Avg. Price Per Sqft $566

MLS® Number 621893

Property Address: 1224 2nd St, Key West, FL, 33040-3702

Average square foot calculated using Size range provided by listing agent.

Description

Strong value-add multifamily fourplex investment opportunity with major capital improvements already completed. The property offers four two-bedroom residences totaling approximately 3, 000 square feet, with each unit comprising approximately 750 square feet. The lower level includes two residences, while the upper level features two additional residences with approximately 960 square feet of combined balcony space. Major improvements include a new standing-seam metal roof, new impact-resistant windows and doors throughout, and completed concrete, stucco, and exterior work. The property is ready for the next owner to complete the remaining work and execute their preferred investment strategy. Once completed and delivered furnished, the property is projected to have the potential to generate more than $200, 000 in annual gross rental income across all four units. Additional potential may include condominium conversion, subject to all applicable approvals and requirements. A compelling opportunity to complete, stabilize, and maximize a well-positioned Key West income-producing asset.

MLS® Number621893

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1950

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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eXp Realty holds real estate brokerage licenses in multiple states. Zoocasa (Canada), Inc. holds real estate brokerage licenses in multiple provinces. For information on licenses please contact us at [email protected]

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