Active

1028-1030 Truman Avenue

Key West FL, 33040

$2,995,000


$746.32 per sqft

Active

4 Beds

8 Baths

4,013 sqft

Multi-family

Built in 2021

Prime Mixed-Use Investment Opportunity in Key West!Built in 2021 to current building codes, this exceptional four-unit commercial and residential compound is a rare find in the heart of Key West. A perfect 1031 Exchange candidate, this versatile property includes two licensed townhouse residences and two licensed commercial units, offering excellent income potential and flexibility.The commercial building, positioned street-side, is a two-story frame structure with high visibility on Truman Avenue. The ground floor offers approximately 1,112 square feet of open commercial space, while the second floor spans approximately 800 square feet and features a 30-foot-wide balcony overlooking Truman Avenue. An ADA-compliant elevator provides easy access to the second floor. Both levels include fully ADA-compliant restrooms, nine-foot-high ceilings, recessed lighting, ceiling fans, central air conditioning, washer and dryer hookups, and are pre-wired and plumbed for refrigerators and sinks. At the rear of the property, the residential portion consists of a two-story, common-wall duplex, with each unit offering approximately 1,015 square feet of living space. Designed for comfort and style, each unit features two bedrooms and two and a half bathrooms, vaulted ceilings in the upstairs bedrooms, spacious island kitchens, tile flooring, and private shaded rear decks. The property is thoughtfully designed with a beautifully landscaped common courtyard that separates the commercial and residential buildings, enhancing privacy and curb appeal. This turnkey mixed-use property presents a rare opportunity to own a high-quality, income-producing asset in one of Key West's most desirable locations. Don't miss out on this exceptional investment! *Note: 3D Tour is only of the 2 residential units.*

613823

MLS ID

February 21, 2025

Listed

February 21, 2025

Updated

Interior Features

Total Stories

2


Bedrooms

4


Total Bathrooms

8


Full Bathrooms

4


Half Bathrooms

4


Interior Features

Cathedral Ceilings, Built-in Cabinets, Smoke Alarms, Glass Doors, Impact Rstnce Window, Impact Rstnce Doors, Sliding Glass Doors


Appliances

Dishwasher, Microwave, Oven, Range, Refrigerator


Floor Description

Tile, Concrete


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Ceiling Fans(s)


Heating

No

Exterior/Building Features

Lot Size

0.11 Acres


Exterior Features

Fencing, Lighting


Roof

Metal Roof


Patio And Porch

Open Porch/Balcony, Deck, Roof Top Deck

School Information

School District

No

Other Property Details

Area Name

02 - Key West


Taxes

$15,854


Tax Frequency

Annually


Association Amenities

None


Garage

No


View

Yes


View Description

No Waterview


County

Monroe


Pool

No


Waterfront Features

None


Utilities

FKAA, Water Separate Meter, Elect Separate Meter, Buyer to Verify, Sewer Available, Municipal Sewer


Zoning

HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med

Listed by Team Spottswood/Vazquez with Truman & Co. (KW)
Listing Contact: 305-395-2360 

The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 2/21/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2025 Florida Keys Board of REALTORS® all rights reserved.

Data last updated on 2/21/2025 at 9:24 PM UTC

 

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