Homes for sale - 1409 Truman Avenue, Key West, FL 33040

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Jana Pratt

American Caribbean Real Estate

jana@americancaribbean.com +1(305) 394-4455

$ 1,299,000

Est. payment | -/mo

3 Beds

4 Baths

1,932 SqFt

Save

$ 1,299,000

Est. payment | -/mo

Save

3 Beds

4 Baths

1,932 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-family

Listing Status Active

Purchase Type For Sale

Square Footage 1,932 sqft

Price per Sqft $672

Subdivision Benj Alburys Subd (2.0)

MLS Listing ID 613108

Style Duplex

Bedrooms 3

Full Baths 3

Half Baths 1

Construction Status Frame

HOA Y/N No

Rental Info Yes

Year Built 1943

Annual Tax Amount $5,285

Tax Year 2023

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Multi-family

Property Description

This home offers a unique opportunity for flexible living or investment! Currently configured as a single-family residence, it has been approved by the City of Key West to be reverted back to a Multi-family, allowing for up to 4 units. Easily convert the home back to two studios with bath, 1 bedroom 1 bath and a 2 bedroom 1 bath. Welcome to 1409 Truman Avenue, a stunning Key West Eyebrow home that combines historical charm with modern amenities. The spacious layout and design make it easy to transition back to a mult-family configuration of a duplex, triplex or 4 units.. Each potential unit could offer comfortable living spaces, with the square footage allowing for a range of layouts to suit tenants' needs.Based on comparable rentals in the area and the square footage of this property, each unit could command an estimated monthly rent of $3k to 6k monthly, each unit (seasonal variables) providing a lucrative investment opportunity. With the strong rental demand in Key West, this property is perfectly positioned to maximize its potential.Whether you're looking to generate income, create a multi-generational living space, or invest in the vibrant Key West market, this property is a rare find. Contact us for more details and to schedule a showing!

Location

State FL

County Monroe

Community The Meadows

Area 01 - Key West

Zoning SF - Single Family

Rooms

Other Rooms Laundry Room, Other

Interior

Interior Features Drapes/Blinds Incl, Built-in Cabinets, Whirlpool Bath Tub, Walk-in Closet(s), Storage, Smoke Alarms, Security System, Dade County Pine, Split Bedroom

Heating Central Air, Ceiling Fans(s)

Cooling Central Air, Ceiling Fans(s)

Flooring Tile, Wood

Furnishings Unfurnished

Appliance Washer, Stainless Steel Appliance(s), Wine Cooler, Gas Appliances, Disposal, Oven, Range, Refrigerator, Dishwasher, Dryer

Exterior

Exterior Feature Fencing, Storage, Shed, Privacy Wall/Fence, Fruit Tree(s)

Parking Features Open Parking

Utilities Available FKAA, Propane, Cable Available, Elect Separate Meter, Water Separate Meter, Municipal Sewer

Waterfront Description None

View No Waterview

Roof Type Metal Roof,Other Roof,Combo Roof

Handicap Access No

Porch Open Porch/Balcony, Patio

Private Pool No

Building

Story 2 Stories

Sewer Yes

Construction Status Frame

Others

SqFt Source Tax Records

Security Features On Premises System

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Updated/Remodeled

Pets Allowed Pets Allowed

Listed by Truman & Co. (KW)

1409 Truman Avenue Key West, FL 33040