Located in Key West's Casa Marina historic district on a quiet one-way street and just 2 blocks from the beach, 1304 Elizabeth Street presents an exceptional renovation project and investment opportunity.Nestled in the highly coveted X flood zone, and shaded by a majestic mango tree, this property currently offers two buildings and three separate units. The downstairs unit includes 2 bedrooms/2 baths, while the upstairs unit features 3 bedrooms/1 bath, and the cottage has 1 bedroom/1 bath. Whether utilized as a primary residence with additional guest accommodations, long-term rental units, or exclusive vacation retreats, the versatile HRO zoning status makes this property poised to fulfill a variety of investment objectives. For an even larger compound, you might also consider purchasing the neighboring property that is currently for sale.Key West offers a vibrant island atmosphere, amazing restaurants, live music, theaters, and boutique shopping which is all within walking distance.Schedule a viewing today, and soon you can embark on making your Key West investment dreams come true..