1224 2nd St, Key West, FL 33040
- Beds
- 4
- Baths
- 4
- Sqft
- 3,000
Sign in to view any offers or make an offer. View property features, location on map, relevant school information and overview from seller's agent.
- 0
- 0
Overview
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.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 4
- Number of bathrooms
- 4
- Square feet
- 3,000
- Lot size (acres)
- 0.16
- Year built
- 1950
Taxes
- Tax Annual Amount (2025)
- $10,119.76
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Florida Keys Board of Realtors MLS MLS®#: 619703 Last checked: …
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2026 Florida Keys Board of REALTORS®, Inc.