4 Beds
4 Baths
3,000 SqFt
4 Beds
4 Baths
3,000 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $566
Subdivision Sunshine Sub Plat 3 (3.0)
MLS Listing ID 619703
Style Above Flood,Other Bldg Style
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1950
Annual Tax Amount $10,119
Tax Year 2025
Lot Size 7,000 Sqft
Acres 0.16
Lot Dimensions 70 X 100
Property Sub-Type Multi-Units
Land Area 3000
Property Description
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
State FL
County Monroe
Area 03 - Key West
Zoning MDR-1 - Medium Desnity Residential
Interior
Appliance Oven
Exterior
Utilities Available Buyer To Verify
Waterfront Description None
Roof Type Metal Roof
Garage No
Building
Architectural Style Above Flood, Other Bldg Style
Others
HOA Fee Include None
Tax ID 00051450-000000
Pets Allowed Yes