928 Truman Avenue #101 Contingent Save Request In-Person Tour Request Virtual Tour
Key West,FL 33040
Key Details
Property Type Multi-Family
Sub Type Multi-family
Listing Status Contingent
Purchase Type For Sale
Square Footage 1,830 sqft
Price per Sqft $863
Subdivision Gg Watson Sub (1.0)
MLS Listing ID 613024
Style Multi-Units
Bedrooms 8
Full Baths 5
Construction Status CBS,Combo Construction,Stucco,Concrete
HOA Y/N No
Rental Info Yes
Year Built 1959
Annual Tax Amount $9,425
Tax Year 2023
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Multi-family
Property Description
Old Town Multi-Use PropertyLocated on Truman Avenue, this versatile property offers both reliable income and future potential. Currently comprised of five legal long-term rental apartments, it's an excellent option for investors seeking steady cash flow or employee housing.Unit 101, a CBS structure, also offers potential for commercial conversion (buyer to verify), while the remaining apartments continue generating income.Property Highlights:8 Bedrooms / 5 Bathrooms$11,650 Monthly Rental IncomeNet Income: $112,461.46 (includes management fees)7.12% Cap Rate at $1.58MLocated in an X Flood ZoneThis is currently the lowest-priced multi-unit property in Old Town with 5 legal units in an X flood zone, making it a standout opportunity. Blend dependable rental income with strong investment returns.
Location
State FL
County Monroe
Community Old Town-S Of Truman
Area 02 - Key West
Zoning HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Rooms
Other Rooms Workshop
Interior
Heating Central Air,Ductless,Ceiling Fans(s),Wall/Window Unit(s)
Cooling Central Air,Ductless,Ceiling Fans(s),Wall/Window Unit(s)
Flooring Parquet,Concrete,Other,Terrazzo
Furnishings Unfurnished
Appliance More Appliances,Oven,Refrigerator
Exterior
Exterior Feature Shed,Storage
Utilities Available Buyer to Verify,Elect Separate Meter
Waterfront Description None
View No Waterview
Roof Type Metal Roof,Combo Roof,Concrete Roof
Porch Open Porch/Balcony,Deck,Patio
Private Pool No
Building
Story 2 Stories
Sewer Yes
Construction Status CBS,Combo Construction,Stucco,Concrete
Others
SqFt Source Property Data Card
Security Features Other
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Pets Allowed Pets Allowed