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907 Truman Avenue, Key West, FL 33040

$4,000,000
Property Type: Commercial Bedrooms: 11 Baths: 12.1 Square Footage: 5,010 Lot Size (sq. ft.): 8,347 Status: Closed
Current Price: $4,000,000 List Date: 7/25/2015 Last Modified: 9/09/2024

Overview

Description

Azul Key West, a meticulously maintained boutique hotel with tropical modern interiors and décor. Sparkling pool in courtyard offer guests serenity while being only 3 blocks from Duval Street. 3 buildings, 11 guest rooms, 12.5 bathrooms and 10 transient licenses. Excellent staff, restaurant license, strong financials, a fantastic turn-key investment opportunity.

Supplements: Please do not disturb the business or employees.

Listing Details MLS# 567427

Location, Tax & Legal

Street #
907
Street Name
Truman
Street Suffix
Avenue
Key/Island
Key West
State/Province
FL
Zip Code
33040
Subdivision
Old Town - Unlisted (1.0)
County
Monroe
Area
02 - Key West
KW Neighborhood
Old Town-N of Truman
City
KEY WEST
Off Shore Island
No
Mile Marker
1
Side
Median
Flood Zone
X ZONE
Alternate Key #
1022411
Parcel #
00021660-000000
Zoning
HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal
KW LOT 12 SQR 4 TR 6 H2-352 OR1174-1806D/C OR1175-896(LG) OR1175-897AFF OR1194-628-C OR1313-584/585 OR2208-1837/38
Taxes
23495.34
Tax Year
2014

Contract Information

Listing Board
Florida Keys
Limited Representation
No
As is Rght to Inspct
Yes
For Sale/Lease
For Sale
Potential Short Sale
No
Bank Owned
No
Species List
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
8347
Waterfront
No
Business Name
Azul Key West
Year Established
2006-05-01
# Parking Spaces
8
Off Street Parking
Yes
# Stories
3
Total # Buildings
3
Building SqFt
3599
Living Apx SqFt
5010
Total Units
11
Year Built
1903
Total Bedrooms
11
Full Baths
12
Half Baths
Yes
Total Baths
12.1
Control Depth
0

Status Change Info

Sold Date
2016-02-24

License Info

# of City License
10
# of Transient Licns
10

Association Info

Mandatory Home Owners Asc
No

More Information

Property Info

# Kitchens
Yes
# Refrigerators
Yes
# Range/Ovens
Yes
# Washers
2
# Dryers
2
# Dishwashers
2

Vehicle Storage

Car(s)
4+
Garage
Yes
Guest Parking
Yes
Common Parking
Yes
Off Street Parking
Yes

Financial Status

Bank Owned
No
Potential Short Sale
No

Remarks & Misc

Remarks – Consumer
Azul Key West, a meticulously maintained boutique hotel with tropical modern interiors and décor. Sparkling pool in courtyard offer guests serenity while being only 3 blocks from Duval Street. 3 buildings, 11 guest rooms, 12.5 bathrooms and 10 transient licenses. Excellent staff, restaurant license, strong financials, a fantastic turn-key investment opportunity.
Directions
On Truman Avenue between Margaret and Packer Streets.

Deed Restrictions

No
Yes

Type

Hotel/Motel
Yes

Fee Includes

None
Yes

Dockage

None
Yes

Accounts & Meters

# Water Meters
Yes
# Electric Meters
3

Appliances

Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Cooling

Ceiling Fans(s)
Yes
Wall/Window Unit(s)
Yes

Waterfront

None
Yes

Electric

Circuit Breakers
Yes

Waterview

No Waterview
Yes

Floor

Laminate
Yes
Wood
Yes
Other
Yes

Interior Features

Drapes/Blinds Incl
Yes
Entrance Foyer
Yes
Furnished
Yes
Laundry Room
Yes
Smoke Alarms
Yes
Window Treatments
Yes

Windows/Doors

French Doors
Yes
Sash/Screen Window
Yes

Construction

Frame
Yes

Land Size

Less Than 1/4 Acre
Yes

Terms

Buyer Obtain Finance
Yes
Owner Consider 2nd
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Title

Title Ins - Buyer
Yes

Property Rights

Transient License
Yes

Miscellaneous

Fencing
Yes
High Traffc Location
Yes
High Visibility
Yes
Lobby
Yes
Patio
Yes
Storage
Yes

Roof

Metal Roof
Yes

Shutters

Panel
Yes

Property Features

Deed Restrictions: No Type: Hotel/Motel Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Garage; Common Parking; Guest Parking; Off Street Parking Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Interior Features: Drapes/Blinds Incl; Entrance Foyer; Furnished; Laundry Room; Smoke Alarms; Window Treatments Appliances: Dishwasher; Disposal; Dryer; Range; Refrigerator; Washer Miscellaneous: Fencing; High Traffc Location; High Visibility; Lobby; Patio; Storage Construction: Frame Electric: Circuit Breakers Shutters: Panel Floor: Laminate; Wood; Other Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: None Terms: Buyer Obtain Finance; Owner Consider 2nd Title: Title Ins - Buyer Property Rights: Transient License
Listing Office: Shoreline Properties
Last Updated: September - 09 - 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.