FL > Key West > Gg Watson Sub (1.0)
Key West, FL 33040,928 Truman Avenue #101
Key West, FL 33040,928 Truman Avenue #101
Key West, FL 33040,928 Truman Avenue #101
Key West, FL 33040,928 Truman Avenue #101
Key West, FL 33040,928 Truman Avenue #101
Key West, FL 33040,928 Truman Avenue #101
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Jimmy Lane

Jimmy Lane

+1(305) 766-0585
$ 1,580,000
Est. payment | /mo

8 Beds

5 Baths

1,830 SqFt

Save
$ 1,580,000
Est. payment | /mo
Save

8 Beds

5 Baths

1,830 SqFt

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

Listed by Preferred Properties (KW)

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Jimmy Lane

Jimmy Lane

Broker | License ID: 664783

+1(305) 766-0585

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928 Truman Avenue #101