$1,700,000
Key West, FL 33040
MLS# 614726
Status: Closed
4 beds | 6 baths | 4410 sqft
1 / 67
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.
Details
Maps
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Species List: No
Current Price: $1,700,000
Listing Date: 2025-04-21
Sold Price: $1,700,000
Location, Tax & Legal
KW Neighborhood: Old Town-S of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: N/A
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 8689012
Parcel #: 00021050-000100
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal: KW PB1-46 PT LOT 3 OF TRACT 6 OR964-434 OR1173-1499/1500C/T OR1462-250/51 OR2038-498 OR2619-150/51
Taxes: 13631.78
Tax Year: 2024
Street #: 1109
Street Name: Truman
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unrecord (1.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Multi-Family
Waterfront: No
Control Depth: 0
Lot Size: 50' x 68' approx.
Lot SqFt: 4445
Business Name: NA
Total Units: 6
# Parking Spaces: 4
Off Street Parking: yes
# Stories: 2
SqFt Source: Property Data Card
Total # Buildings: 1
Building SqFt: 4410
Style: Commercial
Living Apx SqFt: 4410
Year Built: 1923
Total Bedrooms: 4
Full Baths: 4
Half Baths: 2
Total Baths: 6
Remarks & Misc
Remarks – Consumer: 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.
Directions: Corner of Truman Ave. and Pohalski Lane
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 6
# of County License: 6
Type
Apartment 3 or more: 1
Other Comrcl Style: 1
Retail: 1
Shop/Strip Center: 1
Fee Includes
None: 1
Dockage
None: 1
Accounts & Meters
# Water Meters: 6
# Electric Meters: 6
Cooling
Central Air: 1
Wall/Window Unit(s): 1
Waterfront
None: 1
Electric
Other Electric: 1
Waterview
No Waterview: 1
Floor
Other: 1
Interior Features
Other: 1
Windows/Doors
Other Windows/Doors: 1
Vehicle Storage
Off Street Parking: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Terms
Seller Finance Psble: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Separate Meters: 1
Title
Negotiable: 1
Property Rights
Other/See Remarks: 1
Roof
Metal Roof: 1
Auction Info
Auction: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2025-10-20
Sold Price: $1,700,000
Status: Closed
Property Features
Type: Apartment 3 or more; Other Comrcl Style; Retail; Shop/Strip Center
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Off Street Parking
Cooling: Central Air; Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer; Separate Meters
Interior Features: Other
Construction: Frame
Electric: Other Electric
Floor: Other
Roof: Metal Roof
Land Size: Less Than 1/4 Acre
Fee Includes: None
Terms: Seller Finance Psble
Title: Negotiable
Property Rights: Other/See Remarks
Listing Office: RE/MAX Keys Connection (KW)
Last Updated: October - 20 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.