1109 Truman Avenue, Key West, FL 33040 (MLS# 614726)

1109 Truman Avenue, Key West, FL 33040

$1,700,000

Property Type: Commercial Sale Bedrooms: 4 Baths: 6 Square Footage: 4,410 Lot Size (sq. ft.): 4,445 Status: Closed

Current Price: $1,700,000 List Date: 4/21/2025 Last Modified: 10/20/2025

Description

Prime Mixed Use Income Producing property for sale. Building was recently renovated with exterior siding repair and completely repainted. Total of 6 legal units. There are 2 Commercial units on ground floor facing Truman Ave. Both Commercial spaces now occupied by the Seam Shoppe, a long term, stable tenant. On the 2nd floor there are 4 good size apartments. Each apartment has 1bedroom plus loft room and 1 bath. Each has use of large, outdoor deck in back. Each unit has its own storage unit under back deck. Potential Gross rental income totals approx. $15,500/mos. Total of 6 Water and Electric Meters. Large corner lot at Truman Ave. & Pohalski Lane. There is parking in the rear lot for a few cars and a bike rack. Building in good condition and well maintained. Excellent Replacement Property for a Buyer looking to perform a 1031 Exchange. Owner may consider Seller financing to a Qualified Buyer at Seller discretion.

More Information MLS# 614726

Contract Information

Listing Board: Key West Association Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Species List: No Current Price: $1,700,000 Listing Date: 2025-04-21 Sold Price: $1,700,000

Location, Tax & Legal

KW Neighborhood: Old Town-S of Truman City: KEY WEST Mile Marker: 1 Marathon Neighborhood: N/A Side: N/A Flood Zone: 0.2 PCT ANNUAL CHANC Alternate Key #: 8689012 Parcel #: 00021050-000100 Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med Legal: KW PB1-46 PT LOT 3 OF TRACT 6 OR964-434 OR1173-1499/1500C/T OR1462-250/51 OR2038-498 OR2619-150/51 Taxes: 13631.78 Tax Year: 2024 Street #: 1109 Street Name: Truman Street Suffix: Avenue Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Old Town - Unrecord (1.0) County: Monroe Area: 01 - Key West

General Property Description

Realtor.COM Type: Multi-Family Waterfront: No Control Depth: 0 Lot Size: 50' x 68' approx. Lot SqFt: 4445 Business Name: NA Total Units: 6 # Parking Spaces: 4 Off Street Parking: yes # Stories: 2 SqFt Source: Property Data Card Total # Buildings: 1 Building SqFt: 4410 Style: Commercial Living Apx SqFt: 4410 Year Built: 1923 Total Bedrooms: 4 Full Baths: 4 Half Baths: 2 Total Baths: 6

Remarks & Misc

Remarks – Consumer: Prime Mixed Use Income Producing property for sale. Building was recently renovated with exterior siding repair and completely repainted. Total of 6 legal units. There are 2 Commercial units on ground floor facing Truman Ave. Both Commercial spaces now occupied by the Seam Shoppe, a long term, stable tenant. On the 2nd floor there are 4 good size apartments. Each apartment has 1bedroom plus loft room and 1 bath. Each has use of large, outdoor deck in back. Each unit has its own storage unit under back deck. Potential Gross rental income totals approx. $15,500/mos. Total of 6 Water and Electric Meters. Large corner lot at Truman Ave. & Pohalski Lane. There is parking in the rear lot for a few cars and a bike rack. Building in good condition and well maintained. Excellent Replacement Property for a Buyer looking to perform a 1031 Exchange. Owner may consider Seller financing to a Qualified Buyer at Seller discretion. Directions: Corner of Truman Ave. and Pohalski Lane

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

License Info

# of City License: 6 # of County License: 6

Type

Apartment 3 or more: 1 Other Comrcl Style: 1 Retail: 1 Shop/Strip Center: 1

Fee Includes

None: 1

Dockage

None: 1

Accounts & Meters

# Water Meters: 6 # Electric Meters: 6

Cooling

Central Air: 1 Wall/Window Unit(s): 1

Waterfront

None: 1

Electric

Other Electric: 1

Waterview

No Waterview: 1

Floor

Other: 1

Interior Features

Other: 1

Windows/Doors

Other Windows/Doors: 1

Vehicle Storage

Off Street Parking: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Terms

Seller Finance Psble: 1

Utilities

FKAA: 1 Municipal Sewer: 1 Separate Meters: 1

Title

Negotiable: 1

Property Rights

Other/See Remarks: 1

Roof

Metal Roof: 1

Auction Info

Auction: No

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2025-10-20 Sold Price: $1,700,000 Status: Closed

Property Features

Type: Apartment 3 or more; Other Comrcl Style; Retail; Shop/Strip Center Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Central Air; Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer; Separate Meters Interior Features: Other Construction: Frame Electric: Other Electric Floor: Other Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: None Terms: Seller Finance Psble Title: Negotiable Property Rights: Other/See Remarks

Listing Office: RE/MAX Keys Connection (KW)

Last Updated: October - 20 - 2025

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