USAFLKey WestSunshine Sub Plat 3 (3.0)1224 2Nd St
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$1,700,000

For Sale

4 months ago

1224 2Nd St, Key West, FL

House

MLS® 619703

4 Bed

4 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size -
Garage 
Taxes $10,120
Days Active 116
Lot Size 0.16 Acres
Approx. Age 1950
MLS® Number 619703

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® Number619703
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1950
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 1, 2026List Date
$1,700,000List Price
  • Commute

Commute

Starting Address
Destination Address
1224 2Nd St, Key West, FL

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