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USAFLKey WestGg Watson Sub (1.0)928 Truman Ave
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$1,580,000

928 Truman Ave, Key West, FL

Real Estate

For Sale

$--,---,---
850
  • Key Facts
  • Description
  • Map

Key Facts

Type Commercial
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $9,598
Days Active 227
Approx. Age 1959
MLS® Number 613025

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number613025
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1959
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral, Ductless
A/CCentral Air, Wall/Window Unit(s)
Heating Fuel

Extras

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