1409 Truman Ave - Residential Income FOR SALE


Key West, FL 33040
$1,299,000 USD
305-771-1514
1409 Truman Ave, Key West, FL for Sale
$1,299,000 USD
Residential Income - FOR SALE
1/41
null | 12.17% Cap Rate

1409 Truman Ave
Key West, FL 33040


HIGHLIGHTS

  • Across from Bayview park and amenities
  • 15min. walk, 6 min. bike ride, 4 min. car ride to Duval St.
  • Centrally located in Key West.

OVERVIEW

This home offers a unique opportunity for flexible living or investment! Currently configured as a single-family residence, it has been approved by the City of Key West to be reverted back to a Multi-family, allowing for up 2 units. Easily convert the home back to a duplex. Welcome to 1409 Truman Avenue, a stunning Key West Eyebrow home that combines historical charm with modern amenities. The spacious layout and design make it easy to transition back to a mult-family configuration of a duplex. Each potential unit could offer comfortable living spaces, with the square footage allowing for a range of layouts to suit tenants' needs. Based on comparable rentals in the area and the square footage of this property, each unit could command an estimated monthly rent of $3k to 6k monthly, each unit (seasonal variables) providing a lucrative investment opportunity. With the strong rental demand in Key West, this property is perfectly positioned to maximize its potential. Whether you're looking to generate income, create a multi-generational living space, or invest in the vibrant Key West market, this property is a rare find. Contact us for more details and to schedule a showing. Contact information to verify reverting back to a multifamily approved per the city KW. Benjamin Gagnon City Planner II (305) 809-3884 benjamin.gagnon@cityofkeywest-fl.gov

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$672 USD /SF

CAP RATE

12.17%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1943

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,223 SF

ZONING

SFR

APN/PARCEL ID

00024320-000000

ASK ABOUT THIS PROPERTY

Michael SorahTruman & Co.More Info
305-771-1514

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Michael SorahTruman & Co.More Info
305-771-1514

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.