928 Truman LLC | 928 Truman Ave
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928 Truman LLC 928 Truman Ave
5 Unit Apartment Building $1,700,000 ($340,000/Unit) 6.62% Cap Rate Key West, FL 33040
INVESTMENT HIGHLIGHTS
- Prime Old Town Key West Multi-Family
- Fully Fenced
- 2 Structures 5 units
EXECUTIVE SUMMARY
*Prime Old Town Multi-Use Property*
This versatile property features (5) five legal long-term apartments, perfect for employee housing or generating steady rental income. The CBS building, Unit 101, may be converted to commercial use, provided the five residential units remain on-site. Located within a transient receivership zone (buyer to verify), the property offers significant flexibility for both commercial and residential purposes. With its prime location and a mix of income-producing apartments and potential office space, this property presents an excellent investment opportunity in the heart of Key West. Monthly income ($11,650)
This versatile property features (5) five legal long-term apartments, perfect for employee housing or generating steady rental income. The CBS building, Unit 101, may be converted to commercial use, provided the five residential units remain on-site. Located within a transient receivership zone (buyer to verify), the property offers significant flexibility for both commercial and residential purposes. With its prime location and a mix of income-producing apartments and potential office space, this property presents an excellent investment opportunity in the heart of Key West. Monthly income ($11,650)
PROPERTY FACTS
| Price | $1,700,000 | Property Subtype | Apartment |
| Price Per Unit | $340,000 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 3,800 SF |
| Cap Rate | 6.62% | Average Occupancy | 100% |
| Sale Condition | Build to Suit | No. Stories | 2 |
| No. Units | 5 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1.05/1,000 SF |
| Price | $1,700,000 |
| Price Per Unit | $340,000 |
| Sale Type | Investment |
| Cap Rate | 6.62% |
| Sale Condition | Build to Suit |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.09 AC |
| Building Size | 3,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.05/1,000 SF |
UNIT AMENITIES
- Balcony
- Ceiling Fans
- Kitchen
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $2,050 | 378 |
| 3+1 | 2 | $3,000 | 642 - 751 |
| Studios | 1 | $1,550 | - |
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Walk Score®
Walker's Paradise (91)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 00031070-000000 | Improvements Assessment | $169,649 |
| Land Assessment | $886,160 | Total Assessment | $1,055,809 |
PROPERTY TAXES
Parcel Number
00031070-000000
Land Assessment
$886,160
Improvements Assessment
$169,649
Total Assessment
$1,055,809
ZONING
| Zoning Code | HNC (1-3) (Hist Nghborhd Comml 1-3 Coastal Med) |
| HNC (1-3) (Hist Nghborhd Comml 1-3 Coastal Med) |
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928 Truman LLC | 928 Truman Ave
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