517 Truman Avenue, Key West, FL 33040 (MLS# 595924)

517 Truman Avenue, Key West, FL 33040

$3,100,000

Property Type: Commercial Bedrooms: 6 Baths: 6 Square Footage: 3,916 Lot Size (sq. ft.): 4,280 Status: Closed

Current Price: $3,100,000 List Date: 5/04/2021 Last Modified: 9/09/2024

Description

Prime Investment property downtown Key West in good condition. Currently 6 units total, each mostly renovated. Total of 4 Transient Licensed units and 2 Commercial Units. Main building is two story CBS plus wood frame Cottage on Center St. There is a lease to the Coffee/Sandwich shop on Truman Ave. Also, a completely renovated Restaurant on the corner is partially equipped with a hood and is Vacant and ready for occupancy. There are 3 transient units in the main building; one transient unit on the ground floor plus two units on the 2nd floor each large 2bd/1ba units with Central AC. In addition there is a private transient 1bd/1ba cottage in the rear of the property. Buildings renovated in 2014/15 and sit in an X Flood Zone. Two off street parking spots and nearby street parking

More Information MLS# 595924

Contract Information

Listing Board: Key West Association Limited Representation: No Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Current Price: $3,100,000 Listing Date: 2021-05-03 Sold Price: $3,100,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Off Shore Island: No Mile Marker: 1 Marathon Neighborhood: N/A Side: Median Flood Zone: X Alternate Key #: 1018228 Parcel #: 00017770-000000 Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl Legal: KW PT LOT 4 SQR 8 TR 4 OR304-10 OR401-724/725 OR525-802/803 OR803-292/293 OR808-420 OR818-2026 CASE #79-834-CA-04 OR1480 Taxes: 12868.48 Tax Year: 2020 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 Control Depth: 0 Lot Size: 40 x 107 Lot SqFt: 4280 Total Units: 6 # Parking Spaces: 2 Off Street Parking: 2 # Stories: 2 Total # Buildings: 2 Building SqFt: 4465 Style: Commercial Living Apx SqFt: 3916 Year Built: 1963 Total Bedrooms: 6 Full Baths: 4 Half Baths: 2 Total Baths: 6

Remarks & Misc

Remarks – Consumer: Prime Investment property downtown Key West in good condition. Currently 6 units total, each mostly renovated. Total of 4 Transient Licensed units and 2 Commercial Units. Main building is two story CBS plus wood frame Cottage on Center St. There is a lease to the Coffee/Sandwich shop on Truman Ave. Also, a completely renovated Restaurant on the corner is partially equipped with a hood and is Vacant and ready for occupancy. There are 3 transient units in the main building; one transient unit on the ground floor plus two units on the 2nd floor each large 2bd/1ba units with Central AC. In addition there is a private transient 1bd/1ba cottage in the rear of the property. Buildings renovated in 2014/15 and sit in an X Flood Zone. Two off street parking spots and nearby street parking

Association Info

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

Type

Other Services: 1

Fee Includes

Other: 1

Dockage

None: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Construction

Stucco: 1

Land Size

Less Than 1/4 Acre: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Sold Date: 2021-11-29 Sold Price: $3,100,000 Status: Closed

Property Features

Type: Other Services Waterfront: None Waterview: No Waterview Dockage: None Utilities: FKAA; Municipal Sewer Construction: Stucco Land Size: Less Than 1/4 Acre Fee Includes: Other

Listing Office: RE/MAX Keys Connection (KW)

Last Updated: September - 09 - 2024

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