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 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.
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