Old Town Multi-Use PropertyLocated on Truman Avenue, this distinctive property features five legal long-term rental apartments, making it ideal for steady income or employee housing.Unit 101, a CBS building, offers the potential for commercial conversion (buyer to verify), provided the residential units remain onsite, creating valuable flexibility.Highlights include:8 bedrooms and 5 bathrooms$11,650 monthly rental incomeLocated in an X flood zoneThis property presents a unique opportunity to combine income-generating apartments with potential commercial space, all in a prime Old Town location. A investment opportunity in the heart of Key West.
For sale
Price cut: $50K (5/22)
$1,600,000
928 Truman Ave #101, Key West, FL 33040
8beds
1,830sqft
Est.:
Multi Family
Built in 1959
-- sqft lot
$-- Zestimate®
$874/sqft
$-- HOA
What's special
- 209 days
- on Zillow |
- 202 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: May 21, 2025 at 11:16pm
Listed by:
Allison Findlay 305-395-0615,
Preferred Properties (KW)
Source: FLKMLS,MLS#: 613024
Originating MLS: Key West Association
Originating MLS: Key West AssociationTravel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Cooling
- Central Air, Ductless, Ceiling Fans(s), Wall/Window Unit(s)
Appliances
- Included: More Appliances, Oven, Refrigerator
Features
- Flooring: Parquet, Concrete, Other, Terrazzo
- Windows: Double Hung Windows, Impact Rstnce Window, Aluminum Frames
Interior area
- Total interior livable area: 1,830 sqft
Property
Features
- Levels: Two
- Stories: 2
- Patio & porch: Open Porch/Balcony, Deck, Patio
- Exterior features: Storage
- Water view: None
- Waterfront features: None, Dockage: None
Lot
- Size: 3,920.4 Square Feet
- Features: Less Than 1/4 Acre
Details
- Additional structures: Workshop, Shed(s)
- Parcel number: 00031070000000
- Zoning: HNC
- Zoning description: (1-3) Hist Nghborhd Comml 1 - 3 Coastal Med
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other Bldg Style
- Property subtype: Multi Family
Materials
- CBS, Combo Construction, Stucco, Concrete
- Roof: Metal,Combo Roof,Concrete
Condition
- Year built: 1959
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Public Sewer
- Utilities for property: Buyer to Verify
Community & HOA
Community
- Security: Other
- Subdivision: GG Watson Sub (1.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key West
Financial & listing details
- Price per square foot: $874/sqft
- Tax assessed value: $1,051,037
- Annual tax amount: $9,425
- Date on market: 1/8/2025
- Listing terms: Cash,Conventional
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