2330 Staples ave, Key West, FL 33040 — MLS photo

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2330 Staples ave, Key West, FL 33040

Active · SingleFamilyResidence

$899,000

2330 Staples ave, Key West, FL 33040

Beds
1
Baths
1
Living area
— sq ft
$ / sq ft
—
Year built
2000
Lot size
—
HOA fee
—
Annual tax
—

About this property

Discover a rare investment opportunity in the heart of Key West. This spacious corner duplex lot at 2330 Staples St and 1428 6th St offers incredible potential with two separate addresses and alley access for three convenient side entrances. The large lot features a charming, spacious cottage complete with a full kitchen, a bedroom with ample closet space, a stylish bathroom, and an attached garage--perfect for comfortable living or rental income. The second unit has been demolished, providing a blank canvas to rebuild your dream home or expand your investment portfolio. Alternatively, you can choose to demolish the existing cottage and build two brand-new units on this generous lot. Mature landscaping surrounds the property, offering privacy and a serene atmosphere. With two separate ROGOs ready to go and the Staples side of the lot free from flooding, you can start building immediately. Don't miss this unique chance to own a versatile property in a prime Key West location with endless possibilities. Whether you're looking to renovate, rebuild, or develop, this property is your gateway to maximizing value and enjoying the vibrant lifestyle of Key West. Act now and make this exceptional property yours!

Property location

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2330 Staples ave, Key West, FL 33040

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Facts & features

Interior

Bedrooms
1
Bathrooms
1

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2000

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Monroe
MLS listing ID
A11989737
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,759

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$4,262/mo
Down payment
$224,750
Loan amount
$674,250
Annual NOI
$30,032

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.