1501 Truman Avenue, Key West, FL 33040
$3,595,000
Property Type:
Residential
Bedrooms:
4
Baths:
4
Square Footage:
2,214
Lot Size (sq. ft.):
4,364
Status:
Closed
Current Price:
$3,595,000
List Date:
1/12/2023
Last Modified:
8/26/2024
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 3
transient 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.
More Information MLS# 601346
Contract Information
Listing Board: Key West Association
As is Rght to Inspct: Yes
Current Price: $3,595,000
Listing Date: 2022-06-09
Sold Price: $3,595,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Off Shore Island: No
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE
Alternate Key #: 1025046
Parcel #: 00024250-000000
Zoning: HMDR - Historic Medium Density Residential
Deed Restrictions: Unknown
Legal: KW BENJ ALBURYS SUBD DIAGRAM I-389 PT LOTS 8-9 SQR 3 TR 7 E1-128 OR662-774 OR703-83/84 OR959-993/94 OR1006-283/84 OR1038
Taxes: 9098.53
Tax Year: 2021
Pub Sewer HkUp: Yes
Street #: 1501
Street Name: Truman
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: The Meadows (1.0)
Area: 01 - Key West
General Property Description
Realtor.COM Type: Multi-family
Waterfront: No
Control Depth: 0
Lot SqFt: 4364
Pool: Yes
Total Units: 0
Acres: 0.1
SqFt Source: Property Data Card
Rentals Allowed: Yes
Style: Multi-Units
Year Built: 1928
Living Apx SqFt: 2214
Total Bedrooms: 4
Full Baths: 4
Total Baths: 4
Remarks & Misc
Remarks – Consumer: 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 3
transient 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.
Status Change Info
Sold Comments: THANK YOU
Sold Date: 2023-06-12
Sold Price: $3,595,000
Status: Closed
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
License Info
# of City License: 3
Transient Rntl Licns: Yes
Fee Includes
None: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Oven: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Pets
Other See Remarks: 1
Cooling
Wall/Window Unit(s): 1
Waterfront
None: 1
Waterview
No Waterview: 1
Interior Features
Dade County Pine: 1
Granite Counter Top: 1
Property Condition
Updated/Remodeled: 1
Building Style
A-Frame: 1
Above Flood: Unknown
Other Bldg Style: 1
Vehicle Storage
Car(s): 2
Assigned Parking: 1
Construction
Frame: 1
Other: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Negotiable: 1
Utilities
FKAA: 1
Porch/Balcony
Deck: 1
Open Porch/Balcony: 1
Pool Info
In Ground: 1
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Building Style: A-Frame; Other Bldg Style
Vehicle Storage: Assigned Parking
Furnished: Negotiable
Cooling: Wall/Window Unit(s)
Utilities: FKAA
Interior Features: Dade County Pine; Granite Counter Top
Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer
Pool Info: In Ground
Construction: Frame; Other
Pets: Other See Remarks
Land Size: Less Than 1/4 Acre
Documents
P&L 2021 ›
Listing Office:
Key West Luxury Real Estate Inc (KW)
Last Updated: August - 26 - 2024
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.