Scott Forman, P.A. REALTOR 305-923-9884 scott@RoyalPalmsRealty.com Royal Palms Realty
1501
Truman Avenue,
KEY WEST,
Florida
FL
33040
Sold For: $3,595,000
Listing ID 601346
Status Closed
Bedrooms 4
Full Baths 4
Total Baths 4
Partial Baths 0
SqFt 2,214
Acres 0.100
Year Built 1928
Property 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.
Primary Features
County:
Monroe
Half Baths:
0
Property Sub Type:
Multi-family
Property Type:
Residential
Subdivision:
The Meadows (1.0)
Year Built:
1928
Zoning:
HMDR - Historic Medium Density Residential
Interior
Appliances:
Dishwasher, Dryer, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s), Washer
Appliances: Other:
Bedroom 1 Length:
Bedroom 1 Width:
Bedroom 2 Length:
Bedroom 2 Width:
Bedroom 3 Length:
Bedroom 3 Width:
Bedroom 4 Length:
Bedroom 4 Width:
Cooling/Heating:
Wall/Window Unit(s)
Dining Room Length:
Dining Room Width:
Family Room Length:
Family Room Width:
Floor:
Floor Number:
Full Bath Length:
Full Bath Width:
Furnished:
Negotiable
Green Features: Interior Features:
Guest/Servant Quarters:
Half Bath Length:
Half Bath Width:
Interior Features:
Dade County Pine, Granite Counter Top
Kitchen Length:
Kitchen Width:
Living Room Length:
Living Room Width:
Other Room Length:
Other Room Width:
Specialty Rooms:
SqFt Source:
Property Data Card
Stories:
External
Above Flood:
Unknown
Building Style:
A-Frame, Other Bldg Style
Construction:
Frame, Other
Control Depth:
0
Dock:
Dock Length:
Dockage:
None
Documented Septic Tank:
Exterior Features:
Fixed Bridge Height:
Flood Zone:
AE
Green Features: Building Materials:
Green Features: Exterior Features:
Green Features: Utilities:
Land Size:
Less Than 1/4 Acre
Lot Size:
Lot SqFt:
4364
Neighborhood Feature:
Off Shore Island:
no
Pool:
yes
Pool Info:
In Ground
Pool Info: Dimensions:
Pool Info: Heated:
Pool Info: Other:
Pool Info: Other Material:
Pool Info: Other Surroundings:
Porch/Balcony:
Deck, Open Porch/Balcony
Pub Sewer Hook Up:
yes
Roof:
Seawall:
Security:
Shutters:
Side:
right
Stilt Column Height:
Style:
Multi-Units
Total Units:
0
Vehicle Storage:
Assigned Parking
Vehicle Storage: Car(s):
2
Waterfront:
no
Waterfront Type:
None
Waterview:
No Waterview
Windows/Doors:
Location
Area:
01 - Key West
Building Number:
Key/Island:
Key West
KW Neighborhood:
Old Town-N of Truman
Marathon Neighborhood:
N/A
Mile Marker:
1
Parcel Number:
00024250-000000
Additional
Accessibility Features:
Association Approval Required:
Condo Unit/Complex:
Days On Market:
281
FEMA List:
Handicap Access:
Pet Restrictions:
Pets:
Other See Remarks
Pre-Wired:
Pre-Wired: Other:
Property Condition:
Updated/Remodeled
Remarks:
Utilities:
FKAA
Voluntary Home Owners Association:
Financial
1st Right of Refusal:
no
As Is/Right To Inspect:
yes
Association Fee:
0
Association/Maintenance Fee Frequency:
Bank Owned:
Contingent:
Contingent Remarks:
Deed Restrictions:
Unknown
Dock Permit:
Fee Includes:
None
Financial Status: Auction:
Financial Status: Bank Owned:
Financial Status: Potential Short Sale:
Financial Status: Standard Sale:
HOA:
no
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
License Info:
License Info: Transient Rental License:
Yes
Maintenance Fee:
Min Rental Days:
Number of City License:
3
Number of County License:
Number of Transient License:
Potential Short Sale:
Property Rights:
Rentals Allowed:
Yes
Tax Exemptions:
None
Tax Year:
2021
Taxes:
9098.53
Terms:
Zoning Info
©2024 Florida Keys MLS, Inc. The data relating to real estate for sale on this web site comes in part from the Florida Keys Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Information is deemed reliable but not guaranteed. Data last updated: Thursday, April 18th, 2024 at 06:38:28 AM.
Contact
Royal Palms Realty
933 Fleming Street
Key West, FL 33040
Phone: (305) 923-9884
Fax: (305) 768-6228
scott@royalpalmsrealty.com
Data services provided by IDX Broker
