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1109 Truman Avenue

Key West, FL 33040
  • $1,700,000
  • STATUS: Closed
  • ON SITE: 201 Days
  • MLS #: 614726
Sold - 10/20/2025
$1,700,000
SOLD - 10/20/2025
  • 4
    BEDS
  • 0.1
    ACRES
  • 4
    BATHS
  • 2
    1/2 BATHS
  • 4,410
    SQFT
  • $385
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1923
County:

School Ratings & Info

Description

Prime Mixed Use Income Producing property for sale. Building was recently renovated with exterior siding repair and completely repainted. Total of 6 legal units. There are 2 Commercial units on ground floor facing Truman Ave. Both Commercial spaces now occupied by the Seam Shoppe, a long term, stable tenant. On the 2nd floor there are 4 good size apartments. Each apartment has 1bedroom plus loft room and 1 bath. Each has use of large, outdoor deck in back. Each unit has its own storage unit under back deck. Potential Gross rental income totals approx. $15,500/mos.Total of 6 Water and Electric Meters. Large corner lot at Truman Ave. & Pohalski Lane. There is parking in the rear lot for a few cars and a bike rack.Building in good condition and well maintained.Excellent Replacement Property for a Buyer looking to perform a 1031 Exchange.Owner may consider Seller financing to a Qualified Buyer at Seller discretion.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Bascom Grooms Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.realtorkeywestfl.com/homes/162793608
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1109 Truman Avenue Key West, FL 33040

  • Price: $2,150,000
  • Status: Closed
  • On Site: 201 Days
  • Updated: 42 min ago
  • MLS #: 614726
4
Beds
4
Baths
2
½ Baths
0.1
Acres
4,410
SQFT
$385
$/SQFT
1923
Built
Neighborhood:
Old Town-S Of Truman
County:
Monroe
Area:
01 - Key West
Property Description
Prime Mixed Use Income Producing property for sale. Building was recently renovated with exterior siding repair and completely repainted. Total of 6 legal units. There are 2 Commercial units on ground floor facing Truman Ave. Both Commercial spaces now occupied by the Seam Shoppe, a long term, stable tenant. On the 2nd floor there are 4 good size apartments. Each apartment has 1bedroom plus loft room and 1 bath. Each has use of large, outdoor deck in back. Each unit has its own storage unit under back deck. Potential Gross rental income totals approx. $15,500/mos.Total of 6 Water and Electric Meters. Large corner lot at Truman Ave. & Pohalski Lane. There is parking in the rear lot for a few cars and a bike rack.Building in good condition and well maintained.Excellent Replacement Property for a Buyer looking to perform a 1031 Exchange.Owner may consider Seller financing to a Qualified Buyer at Seller discretion.
Exterior Features

Construction Frame Dockage None Land Size Less Than 1/4 Acre Lot Size 50' x 68' approx. Off Street Parking yes Parking Spaces 4 Roof Metal Roof Side N/A Style Commercial Vehicle Storage Off Street Parking Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances Other YES Cooling Heating Central AirWall/Window Unit(s) Floor Other Interior Features Other Net Leasable Area 4410.00 Windows Doors Other Windows/Doors

Property Features

Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No Business Name NA City KEY WEST Commercial Type Apartment 3 or moreRetailOther Comrcl StyleShop/Strip Center Control Depth 0 Electric Other Electric Electric Meters 6 Fee Includes None Fema List No Flood Zone 0.2 PCT ANNUAL CHANC Key West Neighborhood Old Town-S of Truman Legal KW PB1-46 PT LOT 3 OF TRACT 6 OR964-434 OR1173-1499/1500C/T OR1462-250/51 OR2038-498 OR2619-150/51 Listing Board Key West Association Mile Marker 1.00 Potential Short Sale No Potential Short Sale Financial Status No Property Rights Other/See Remarks Property Type Multi-Family Sq Ft Source Property Data Card Tax Year 2024 Taxes 13631.78 Terms Seller Finance Psble Title Negotiable Total Units 6.00 Utilities FKAASeparate MetersMunicipal Sewer Water Meters 6 Zoning HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med

Listing courtesy of Curtis Skomp, Ccim of RE/MAX Keys Connection (KW): (305) 296-1400.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Bascom Grooms Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Bascom Grooms Real Estate
1110 Truman Ave
Key West FL, 33040