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Listed price in listed location currency (USD).
$1,700,000

440

MLS® 619703

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size -
Garage 
Taxes $10,120
Days Active 0
Lot Size 
Approx. Age 1950
MLS® Number 619703

Property Address: 1224 2nd Street, Key West, FL, 33040

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

Description

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

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 Street, Key West, FL

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