1501 Truman Avenue

Key West, FL 33040 / The Meadows (1.0)

MLS ID# 601346 Closed
Multi-Units

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Closed $3,595,000

4 beds

4 baths

******** Garage

2214 sqft

0.1 acres

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• Description
• Location, Tax & Legal
• General Property Description
• Details

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 piece of paradise. 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 r... show more

Location, Tax & Legal

• Street # 1501
• Street Name Truman
• Street Suffix Avenue
• Key/Island Key West
• City KEY WEST
• State/Province FL
• Zip Code 33040
• Off Shore Island No
• County Monroe
• Subdivision The Meadows (1.0)
• Mile Marker 1
• Area 01 - Key West
• KW Neighborhood Old Town-N of Truman
• 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

General Property Description

• Realtor.COM Type Multi-family
• Style Multi-Units
• Waterfront No
• Control Depth 0
• Pool Yes
• Year Built 1928
• Total Units 0
• Lot SqFt 4364
• Acres 0.1
• Living Apx SqFt 2214
• SqFt Source Property Data Card
• Total Bedrooms 4
• Full Baths 4
• Half Baths 0
• Total Baths 4
• Rentals Allowed Yes

Details

• Association Info

  No Mandatory Home Owners Asc, No 1st Right of Refusal, Association Fee $:0

• Fee Includes

  None

• Tax Exemptions

  None

• License Info

  # of City License:3, Transient Rntl Licns

• Waterfront

  None

• Waterview

  No Waterview

• Dockage

  None

• Property Condition

  Updated/Remodeled

• Building Style

  A-Frame, Above Flood:Unknown, Other Bldg Style

• Vehicle Storage

  Car(s):2, Assigned Parking

• Furnished

  Negotiable

• Cooling

  Wall/Window Unit(s)

• Porch/Balcony

  Deck, Open Porch/Balcony

• 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

• Land Size

  Less Than 1/4 Acre

• Show

  24 Hour Notice