409 2nd St, Cedar Key, FL 32625

Property Description

Own a charming, versatile piece of Florida history in the heart of Downtown Cedar Key. This multi-unit commercial property offers a rare combination of immediate income and potential for utilization of a historic carriage house located on the property. The captivating dwelling located in the heart of the Historic District of Cedar key marvels with a short walk to the park, restaurants, stores and the Cedar Key waterfront. The ground floor is set as commercial income with spacious storefront and an active lease in place, providing a reliable, steady income stream from day one. The upper level with separate entrance towards the rear of the property showcases a beautifully updated 2 bedroom/2 bath residence currently optimized for the vacation rental market in place now. This "Old Florida" gem opens to beautiful wood stairs, large foyer with high ceilings drawing you into the dining room, kitchen and living area located on the main floor with a full bath showcasing a walk-in shower, as well. The space features gorgeous hardwood floors, stackable laundry, and a full kitchen with granite countertops. Large wraparound windows fill the living area with natural light, while the private porch offers guests a front-row seat to the charm of the historic downtown. The upstairs area houses two bedrooms with one bath and a small patio for the view overlooking the back water. Keep in short-term rental or live there year-around. Marvel at the historic carriage house that is adjacent to the main house. It is a standout feature, offering a blank canvas for a third revenue stream. Transform it into a boutique art gallery, a cozy caf, or an additional vacation rental unit to further maximize your return on investment. A new roof on upstairs porch, updated hot water heater and new flooring in upstairs bath with charming updated courtyard is waiting for you! This jewel of a building with income producing available immediately, easy walk to downtown shops, restaurants, park and beach is a wonderful opportunity to own a historic piece of Cedar Key!