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
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
- 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
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
- Control Depth
- 0
- Total Units
- 0
Status Change Info
- Sold Date
- 2023-06-12
- Sold Comments
- THANK YOU
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
More Information
Building Style
- Above Flood
- Unknown
- A-Frame
- Yes
- Other Bldg Style
- Yes
Vehicle Storage
- Car(s)
- 2
- Assigned Parking
- Yes
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.
Fee Includes
- None
- Yes
Dockage
- None
- Yes
Tax Exemptions
- None
- Yes
Appliances
- Dishwasher
- Yes
- Dryer
- Yes
- Microwave
- Yes
- Oven
- Yes
- Refrigerator
- Yes
- Stainless Steel Appliance(s)
- Yes
- Washer
- Yes
Pets
- Other See Remarks
- Yes
Cooling
- Wall/Window Unit(s)
- Yes
Waterfront
- None
- Yes
Waterview
- No Waterview
- Yes
Interior Features
- Dade County Pine
- Yes
- Granite Counter Top
- Yes
Property Condition
- Updated/Remodeled
- Yes
Construction
- Frame
- Yes
- Other
- Yes
Land Size
- Less Than 1/4 Acre
- Yes
Furnished
- Negotiable
- Yes
Utilities
- FKAA
- Yes
Porch/Balcony
- Deck
- Yes
- Open Porch/Balcony
- Yes
Pool Info
- In Ground
- Yes
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.