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1501 Truman Avenue

Key West, FL 33040
  • $3,795,000
  • STATUS: Active
  • ON SITE: 243 Days
  • MLS #: 601346
UPDATED: 55 min ago
$3,795,000
  • 4
    BEDS
  • 0.1
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,214
    SQFT
  • $1,714
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

Description

This is a fantastic investment opportunity in the sought-after and quiet neighborhood The Meadows in Key West. With a gross income close to $800,000.00 generated in the last 2 years, this property has proven to be a reliable source of revenue. The real draw is the 3transient licenses which allow for daily and nightly rentals, making it a prime location in one of the most desirable destination in the country. The shared indoor courtyard with a swimming pool adds to the appeal for guests. The property is a multiplex with 4 units each boasting a kitchen, living room, bedroom and bathroom. The 4th unit is rented at 3k a month on a yearly lease and the income is included in the total revenue.Recently renovated in 2018, the units feature dade county pine, engineered wood flooring, granite countertops, new kitchen cabinets, new appliances, new plumbing and new electrical making it move in ready for guests.Contact us today to schedule a viewing and take the first step towards owning a piece of paradise.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Caroline Bauer | Key West Sales, LLC are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keywestsales.com/homes/129697218
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1501 Truman Avenue Key West, FL 33040

  • Price: $3,795,000
  • Status: Active
  • On Site: 243 Days
  • Updated: 55 min ago
  • MLS #: 601346
4
Beds
4
Baths
0
½ Baths
0.1
Acres
2,214
SQFT
$1,714
$/SQFT
1928
Built
Neighborhood:
Old Town-N Of Truman
County:
Monroe
Area:
01 - Key West
Property Description
This is a fantastic investment opportunity in the sought-after and quiet neighborhood The Meadows in Key West. With a gross income close to $800,000.00 generated in the last 2 years, this property has proven to be a reliable source of revenue. The real draw is the 3transient licenses which allow for daily and nightly rentals, making it a prime location in one of the most desirable destination in the country. The shared indoor courtyard with a swimming pool adds to the appeal for guests. The property is a multiplex with 4 units each boasting a kitchen, living room, bedroom and bathroom. The 4th unit is rented at 3k a month on a yearly lease and the income is included in the total revenue.Recently renovated in 2018, the units feature dade county pine, engineered wood flooring, granite countertops, new kitchen cabinets, new appliances, new plumbing and new electrical making it move in ready for guests.Contact us today to schedule a viewing and take the first step towards owning a piece of paradise.
Exterior Features

Above Flood Unknown Building Style A-FrameOther Bldg Style Construction FrameOther Dockage None Land Size Less Than 1/4 Acre Pool Info In Ground Pool YN Yes Porch Balcony DeckOpen Porch/Balcony Side Bay/Gulf Style Multi-Units Vehicle Storage Assigned Parking Vehicle Storage Cars 2 Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances DishwasherDryerMicrowaveOvenRefrigeratorStainless Steel Appliance(S)Washer Cooling Heating Wall/Window Unit(S) Furnished Negotiable Interior Features Dade County PineGranite Counter Top

Property Features

Assoc Fee 0.00 Assoc Hoa YN No Assoc Right Of Refusal No City Key West Condition Updated/Remodeled Control Depth 0 Deed Restrictions Unknown Fee Includes None Flood Zone Ae Key West Neighborhood Old Town-N Of Truman Listing Board Key West Association Mile Marker 1.00 Off Shore Island No Pets Other See Remarks Public Sewer Hookup Yes Rentals Allowed Yes Sq Ft Source Property Data Card Tax Exemptions None Tax Year 2021 Taxes 9098.53 Transient License Yes Utilities Fkaa Zoning Hmdr - Historic Medium Density Residential

Listing courtesy of Dan Serban of Key West Luxury Real Estate Inc (Kw): (305) 849-8683.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Caroline Bauer | Key West Sales, LLC are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Caroline Bauer | Key West Sales, LLC
22 Allamanda Avenue
Key West FL, 33040