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 inco...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.
View MoreCourtesy of
Agency Name: Ocean Sotheby's International Realty
Agency Phone: (305) 294-1117
Agent Name: Jenna Stauffer
Presented by
Agent Name: Anna Cila
Agent Phone: 631.704.6999
Agency Title: Illustrated Properties
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1224 2nd Street, Key West, FL 33040.
Email 1224 2nd Street, Key West, FL 33040
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