Under contract
  • Price cut: $20K (8/20)
    $1,580,000

    928 Truman Ave #101, Key West, FL 33040

    8beds
    1,830sqft
    : 
    Multi Family
    Built in 1959
    -- sqft lot
    $-- Zestimate®
    $863/sqft
    $-- HOA

    What's special

    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.
    268 days
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