$1,550,000
 $8,321 est/mo Sourced by Back At You

1409 Truman Avenue , KEY WEST, FL 33040

KEY WEST, FL 33040

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Description

This home offers a unique opportunity for flexible living or investment! Currently configured as a single-family residence, it has been approved by the City of Key West to be reverted back to a Multi-family, allowing for up to 4 units. Easily convert the home back to two studios with bath, 1 bedroom 1 bath and a 2 bedroom 1 bath. Welcome to 1409 Truman Avenue, a stunning Key West Eyebrow home that combines historical charm with modern amenities. The spacious layout and design make it easy to transition back to a mult-family configuration of a duplex, triplex or 4 units.. Each potential unit could offer comfortable living spaces, with the square footage allowing for a range of layouts to suit tenants' needs. Based on comparable rentals in the area and the square footage of this property, each unit could command an estimated monthly rent of $3k to 6k monthly, each unit (seasonal variables) providing a lucrative investment opportunity. With the strong rental demand in Key West, this property is perfectly positioned to maximize its potential. Whether you're looking to generate income, create a multi-generational living space, or invest in the vibrant Key West market, this property is a rare find. Contact us for more details and to schedule a showing!

Details

MLS#613108
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1943
Days On Site31
Listing Provided ByTruman & Co. (KW) | Michael Sorah

Features

Bed(s)3
Bath(s) 5 Total
SQ Feet1,932
Units2
ZoningSF - Single Family
Acreage0.07
Water FrontNone
Property ViewNo Waterview

Market Activity 33040

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.

The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

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Listings Checked: 15 seconds ago
StateFL
CountyMonroe
CityKEY WEST
Zip Code33040
Area01 Key West
Community NameBenj Alburys Subd (2.0)
Listing VS Median (in Benj Alburys Subd (2.0))
Price:
$1,550,000
low | high
Med:
$2,395,000
4.516129032258% of Average
SqFt:
1,932
low | high
Med:
1,500
72.360248447205% of Average
$ / SqFt:
$802
low | high
Med:
$1,597
49.016774193548% of Average
On Site:
31
low | high
Med:
76.000000
40.789473684211% of Average
Sourced by Back At You
Listing Updated: February 11, 2025 at 2:29:11 PM PST