207 Russell StIslamorada, FL 33036

Property Details for 207 Russell St

Year built

1963

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a charming two-unit property nestled on a tranquil dead-end street in Islamorada, Florida. Situated on a generous 8,100 square foot lot in the desirable Upper Matecumbe Key area, this property offers a unique blend of comfort and income potential. The property comprises two distinct houses: a one-bedroom, one-bathroom frame house and a remodeled two-bedroom, one-bathroom concrete block structure. The concrete block house, updated within the last few years, boasts a consistent history of long-term rentals, providing a reliable income stream. Its proximity to a Publix supermarket adds to its convenience and desirability. This property presents a fantastic chance to live in one unit while generating rental income from the other, allowing you to enjoy the idyllic lifestyle of Islamorada while building equity. The single-story buildings were constructed in 1963, offering a solid foundation for future growth and potential appreciation. The location, just one block from Publix, ensures easy access to shopping and amenities. This is an ideal opportunity for those seeking a blend of residential living and investment potential in a highly sought-after Florida Keys location. The asking price is $1,150,000.

Location Insight

City

Islamorada

County

Monroe

State

Florida

Latitude

24.934

Longitude

-80.6188

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