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!
MLS# | 613108 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1943 |
Days On Site | 31 |
Listing Provided By | Truman & Co. (KW) | Michael Sorah |
Bed(s) | 3 |
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Bath(s) | 5 Total |
SQ Feet | 1,932 |
Units | 2 |
Zoning | SF - Single Family |
Acreage | 0.07 |
Water Front | None |
Property View | No Waterview |
State | FL |
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County | Monroe |
City | KEY WEST |
Zip Code | 33040 |
Area | 01 Key West |
Community Name | Benj Alburys Subd (2.0) |
Listing VS Median (in Benj Alburys Subd (2.0)) | |
Price: $1,550,000 low | high Med: $2,395,000 SqFt: 1,932 low | high Med: 1,500 $ / SqFt: $802 low | high Med: $1,597 On Site: 31 low | high Med: 76.000000 |