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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
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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 | $164,877 |
Land Assessment | $886,160 | Total Assessment | $1,051,037 |
PROPERTY TAXES
Parcel Number
00031070-000000
Land Assessment
$886,160
Improvements Assessment
$164,877
Total Assessment
$1,051,037
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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