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1028-1030 Truman Avenue
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PRICED AT ONLY: $2,995,000

Address: 1028-1030 Truman Avenue, KEY WEST, FL 33040

Description

Prime Mixed Use Investment Opportunity in Key West!Built in 2021 to current building codes, this exceptional four unit commercial and residential compound is a rare find in the heart of Key West. A perfect 1031 Exchange candidate, this versatile property includes two licensed townhouse residences and two licensed commercial units, offering excellent income potential and flexibility.The commercial building, positioned street side, is a two story frame structure with high visibility on Truman Avenue. The ground floor offers approximately 1,112 square feet of open commercial space, while the second floor spans approximately 800 square feet and features a 30 foot wide balcony overlooking Truman Avenue. An ADA compliant elevator provides easy access to the second floor. Both levels include fully ADA compliant restrooms, nine foot high ceilings, recessed lighting, ceiling fans, central air conditioning, washer and dryer hookups, and are pre wired and plumbed for refrigerators and sinks. At the rear of the property, the residential portion consists of a two story, common wall duplex, with each unit offering approximately 1,015 square feet of living space. Designed for comfort and style, each unit features two bedrooms and two and a half bathrooms, vaulted ceilings in the upstairs bedrooms, spacious island kitchens, tile flooring, and private shaded rear decks. The property is thoughtfully designed with a beautifully landscaped common courtyard that separates the commercial and residential buildings, enhancing privacy and curb appeal. This turnkey mixed use property presents a rare opportunity to own a high quality, income producing asset in one of Key West's most desirable locations. Don't miss out on this exceptional investment! *Note: 3D Tour is only of the 2 residential units.*

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More Like This
  • MLS#: 613823 ( Multi-Family )
  • Street Address: 1028-1030 Truman Avenue
  • Viewed: 35
  • Price: $2,995,000
  • Price sqft: $746
  • Waterfront: No
  • Waterfront Type: None
  • Year Built: 2021
  • Bldg sqft: 4013
  • Bedrooms: 4
  • Total Baths: 8
  • Full Baths: 4
  • 1/2 Baths: 4
  • Days On Market: 217

Description

Prime Mixed Use Investment Opportunity in Key West!Built in 2021 to current building codes, this exceptional four unit commercial and residential compound is a rare find in the heart of Key West. A perfect 1031 Exchange candidate, this versatile property includes two licensed townhouse residences and two licensed commercial units, offering excellent income potential and flexibility.The commercial building, positioned street side, is a two story frame structure with high visibility on Truman Avenue. The ground floor offers approximately 1,112 square feet of open commercial space, while the second floor spans approximately 800 square feet and features a 30 foot wide balcony overlooking Truman Avenue. An ADA compliant elevator provides easy access to the second floor. Both levels include fully ADA compliant restrooms, nine foot high ceilings, recessed lighting, ceiling fans, central air conditioning, washer and dryer hookups, and are pre wired and plumbed for refrigerators and sinks. At the rear of the property, the residential portion consists of a two story, common wall duplex, with each unit offering approximately 1,015 square feet of living space. Designed for comfort and style, each unit features two bedrooms and two and a half bathrooms, vaulted ceilings in the upstairs bedrooms, spacious island kitchens, tile flooring, and private shaded rear decks. The property is thoughtfully designed with a beautifully landscaped common courtyard that separates the commercial and residential buildings, enhancing privacy and curb appeal. This turnkey mixed use property presents a rare opportunity to own a high quality, income producing asset in one of Key West's most desirable locations. Don't miss out on this exceptional investment! *Note: 3D Tour is only of the 2 residential units.*
Request More Information
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Features
Building and Construction
  • Construction: Frame, Stucco
  • Exterior Features: Fencing, Lighting
  • Floor: Tile, Concrete
  • Porchbalcony: Open Porch/Balcony, Deck, Roof Top Deck
  • Roof: Metal Roof
  • Sqft Source: Property Data Card
  • Total Number Of Units: 4.00
Property Information
  • Property Condition: New Construction
  • Property Group Id: 19990816212109142258000000
Eco-Communities
  • Water View: No Waterview
Utilities
  • Cooling: Central Air, Ceiling Fans(s)
  • Kw Neighborhood: Old Town-S of Truman
  • Pets: Pets Allowed
  • Pub Sewer Hkup: Yes
  • Utilities: FKAA, Water Separate Meter, Elect Separate Meter, Buyer to Verify, Sewer Available, Municipal Sewer
  • Windowsdoors: Glass Doors, Impact Rstnce Window, Impact Rstnce Doors, Sliding Glass Doors
Finance and Tax Information
  • Association Info Association Fee: 0.00
  • Fee Includes: None
  • Tax Year: 2024
Rental Information
  • Min Rental Days: 30.00
  • Rentals Allowed: With Restrictions
Other Features
  • Alternate Key Num: 1034045
  • Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator
  • As Is Rght To Inspct: Yes
  • Association Info 1st Right Of Refusal: No
  • Association Info Mandatory Home Owners Asc: No
  • Deed Restrictions: Unknown
  • Dockage: None
  • Flood Zone: X Flood Zone
  • Interior Features: Cathedral Ceilings, Built-in Cabinets, Smoke Alarms
  • Legal Description: KW GWYNN SUB PT OF TR 13 G61-385/86 OR754-1705/06 OR865-1402C/T OR1418-343/44 OR2620-2290/91 OR2889-2495/96
  • Limitd Reprsntation: No
  • Mile Marker: 1.00
  • Parcel Num: 00033280-000000
  • Side: Median
  • Style: Multi-Units
  • Views: 35
  • Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Nearby Subdivisions
Benj Alburys Subd (2.0)   D T Sweenys Dia (1.0)   Gg Watson Sub (1.0)   Gwynn Sub (1.0)   Key West Investment Co Sub (1.   Key West Realty Cos Sub (3.0)   Macros Subd (2.0)   Maloney Sub (5.0)   Maloney Sub Subdivision (5.0)   Moffats Sub (2.0)   Old Town - Unlisted (1.0)   Old Town - Unrecord (1.0)   Pearlman Heights (4.0)   Prog Land Imp Co Diag (2.0)   Sunshine Sub Plat 3 (3.0)   Tropical Bldt & Investment Co    Truman Ave Condo (1.0)   W C Maloney Diagram (2.0)   Webb Realty Co Sub (1.0)  
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