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

Ste-101 - 928 Truman Ave, Key West, FL

Real Estate

For Sale

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

Key Facts

Type Multi Family
Levels Residential
Size 1830 sqft
Garage No
Taxes $9,425
Days Active 227
Lot Size 
Approx. Age 1959
Avg. Price Per Sqft $863
MLS® Number 613024

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® Number613024
Laundry Level
Central VacNo
FireplaceNo
Acreage0.09
Exterior
GarageNo
Approx. Age1959
Basement
Driveway
Garage Spaces
Heat
A/CCentral A/C, Ductless A/C, Ceiling Fans, Window/Wall Unit
Heating Fuel

Extras

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