517 Truman Avenue, Key West, FL 33040 (MLS# 119417)

517 Truman Avenue, Key West, FL 33040

$1,800,000

Property Type: Commercial Lot Size (sq. ft.): 4,280 Status: Closed

Current Price: $1,800,000 List Date: 2/20/2014 Last Modified: 9/09/2024

Description

Rare find in Old Town! Mixed-Use Property. Main Building has completed construction of major renovation inside & outside. 4 transient licensed units total, 3 in main building & one in cottage. Main 2 story building has 3 transient licensed units (2 2bd/1ba.apartments & 1 efficiency). One vacant commercial rental space on Truman Ave. Plus Profitable Laundromat Business which is included in sale. Second Building is on Center St. and is a one transient licensed, wood frame cottage (1bd/1ba).Property is in X Flood Zone.Great money-making opportunity to own a vacation rental property with income from a high-demand laundry business. Visible corner location on Truman Ave. between Duval and Simonton St. Surrounded by several Old Town Attractions

More Information MLS# 119417

Contract Information

Listing Board: Key West Association Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No For Sale/Lease: For Sale Current Price: $1,800,000 Listing Date: 2014-02-20 Sold Price: $1,800,000

Location, Tax & Legal

KW Neighborhood: Old Town-S of Truman City: KEY WEST Mile Marker: 0 Side: Median Alternate Key #: 1018228 Bldg Nbr: 0 Taxes: 8506 Tax Year: 2014 Street #: 517 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: Commercial Waterfront: No Lot SqFt: 4280 Business Name: Old Town Laundry # Parking Spaces: 0 # Stories: 0 Building Ht. Ft.: 0 Total # Buildings: 0 Building SqFt: 4460 Style: Commercial Year Built: 1963

Remarks & Misc

Remarks – Consumer: Rare find in Old Town! Mixed-Use Property. Main Building has completed construction of major renovation inside & outside. 4 transient licensed units total, 3 in main building & one in cottage. Main 2 story building has 3 transient licensed units (2 2bd/1ba.apartments & 1 efficiency). One vacant commercial rental space on Truman Ave. Plus Profitable Laundromat Business which is included in sale. Second Building is on Center St. and is a one transient licensed, wood frame cottage (1bd/1ba).Property is in X Flood Zone.Great money-making opportunity to own a vacation rental property with income from a high-demand laundry business. Visible corner location on Truman Ave. between Duval and Simonton St. Surrounded by several Old Town Attractions

Deed Restrictions

Unknown: 1

Association Info

Mandatory Home Owners Asc: No Association Fee $: 0

License Info

# of Transient Licns: 2 Non Trans Rntl Lic: 1

Dockage

None: 1

Property Info

Gross Annual Expense: 0 NOI: 0

Construction

Stucco: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Property Rights

Transient License: 1

Financial Status

Potential Short Sale: No

Status Change Info

Sold Date: 2015-05-05 Sold Price: $1,800,000 Status: Closed

Property Features

Deed Restrictions: Unknown License Info: Non Trans Rntl Lic Dockage: None Utilities: FKAA; Municipal Sewer Construction: Stucco Land Size: Less Than 1/4 Acre Property Rights: Transient License

Listing Office: RE/MAX KEYS CONNECTION

Last Updated: September - 09 - 2024

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