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1104 Truman Ave, Key West, FL 33040

$2,268,000
: 5
BD
: 4
BA
: 3,136
SqFt

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List Price: $2,268,000
Price Change: ▼ $22,000 1791585428
MLS#: 619927
Status: ACTIVE
Island: Key West
County: Monroe
City: Key West
Area: Key West
Subdivision: Gwynn Sub (1.0)
Neighborhood: Old Town-S of Truman
Bedrooms: 5
Bathrooms: 4
Living Area: 3,136
Acres: 0.13
Year Built: 1928
Days on Market: 149

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Property Description

SELLER MOTIVATED! Prime Old Town Key West Location with LOTS of OPTIONS. Generous off-street parking; a rare and valuable feature in Old Town, enhances desirability for business and/or residential occupants. Classic Conch-style construction with covered porches adds to the property's island appeal and long-term value. The property currently consists of four apartments; one 2BR/1BA unit and three 1BR/1BA units, all licensed rentals.. A variety of uses; long-term rentals, monthly vacation rentals, employee housing, or mixed-use potential with possible commercial use on the ground level and residential above. The flexible interior layout offers the potential to be a duplex or reimagined as a spacious single-family residence. Conversion to four condos offers the highest investment return. (Buyer to verify) This is an extremely well-located property with multiple use possibilities in a high-demand market.

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Additional Information

Taxes: $13,790
Furnished: Unfurnished
Appliances: Washer, Dryer, Dishwasher, Refrigerator, Range, Microwave
Exterior Features: Privacy Wall
Roof: Metal
Property Condition: Updated/Remodeled
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Terms: Cash, Conventional