1501 Truman Avenue, Key West, FL 33040 (MLS# 601346)

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

Overview

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 ... (Read more)

Listing Details MLS# 601346

Location, Tax & Legal

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

Contract Information

Listing Board: Key West Association
As is Rght to Inspct: Yes

General Property Description

Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: No
Pool: Yes
Year Built: 1928
Lot SqFt: 4364
Acres: 0.1
Living Apx SqFt: 2214
SqFt Source: Property Data Card
Total Bedrooms: 4
Full Baths: 4
Total Baths: 4
Rentals Allowed: Yes

Status Change Info

Under Contract Date: 2023-03-25
Leased Date: 2023-06-12
Sold Comments: THANK YOU

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

License Info

# of City License: 3
Transient Rntl Licns: Yes

More Information

Building Style

Above Flood: Unknown

Vehicle Storage

Car(s): 2

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

Airbnb01/01/2021-12/31/2021 ›

Airbnb01/01/2022-12/31/2022 ›

VRBO01/01/2021-12/31/2021 ›

VRBO01/01/2022-01/31/2022 ›

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.