928 Truman LLC
5 Unit Apartment Building | $1,950,000 ($390,000/Unit) | Key West, FL 33040
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,950,000
- Property Type
-
Multifamily
- Square Feet
- 3,800 SF
Listing Contacts
Allison Findlay
Verified Profile
- Property Info
Property Overview
Investment opportunity in the heart of Old Town Key West, Florida – a strategically positioned Multi-Family Property. Comprising two buildings hosting five legal units, offering a unique proposition for savvy investors.
Building 1, CBS features a spacious 3BR/1BA unit strategically situated for optimal visibility along Truman Ave.
Building 2 consists of four well-designed units:
Unit A: 1BR/1BA
Unit B: 1BR/1BA
Unit C: 3BR/1BA
Unit D: Studio with a bath on the second level.
Despite the absence of formal leases, the property maintains its rental income, demonstrating its viability. With a monthly revenue of $11,650, this investment opportunity aligns with the goals of both property investors and those seeking employee housing solutions.
For a comprehensive financial overview, a P&L is available upon request. Additionally, consider including 922 Truman Ave in this compelling sale, enhancing the scope and value of this investment.
Invest confidently in this strategically positioned and income-generating Multi-Family Property in Old Town Key West, catering to the needs of both investors and those seeking employee housing solutions within the vibrant community.
Investment Highlights:
The city recognizes 5 non-transient units.
ELECTRIC METERS - 5 WATER METERS - 4
Total Bedrooms:8
Full Baths:5
Total Baths:5
928_101: $3100
928-A: $2300
928-B: $1800
928-C: $2900
928-D: $1550
Total Monthly $11,650
Building 1, CBS features a spacious 3BR/1BA unit strategically situated for optimal visibility along Truman Ave.
Building 2 consists of four well-designed units:
Unit A: 1BR/1BA
Unit B: 1BR/1BA
Unit C: 3BR/1BA
Unit D: Studio with a bath on the second level.
Despite the absence of formal leases, the property maintains its rental income, demonstrating its viability. With a monthly revenue of $11,650, this investment opportunity aligns with the goals of both property investors and those seeking employee housing solutions.
For a comprehensive financial overview, a P&L is available upon request. Additionally, consider including 922 Truman Ave in this compelling sale, enhancing the scope and value of this investment.
Invest confidently in this strategically positioned and income-generating Multi-Family Property in Old Town Key West, catering to the needs of both investors and those seeking employee housing solutions within the vibrant community.
Investment Highlights:
The city recognizes 5 non-transient units.
ELECTRIC METERS - 5 WATER METERS - 4
Total Bedrooms:8
Full Baths:5
Total Baths:5
928_101: $3100
928-A: $2300
928-B: $1800
928-C: $2900
928-D: $1550
Total Monthly $11,650
Property Details
- Year Built
- 1959
- Stories
- 2
- Lot Size (sq. ft)
- 3,920 SF
- Units
- 5
Highlights
- Prime Old Town Key West Multi-Family
- 2 Structures 5 units
- Fully Fenced
Nearby Properties
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