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$1,800,000
517 Truman Avenue
Key West, FL 33040
MLS# 119417
Status: Closed



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Property Description
Rare find in Old Town! Mixed-Use Property. Main Building has completed construction of major renovation inside & outside. 4 transient licensed units total, 3 in main building & one in cottage. Main 2 story building has 3 transient licensed units (2 2bd/1ba.apartments & 1 efficiency). One vacant commercial rental space on Truman Ave. Plus Profitable Laundromat Business which is included in sale. Second Building is on Center St. and is a one transient licensed, wood frame cottage (1bd/1ba).Property is in X Flood Zone.Great money-making opportunity to own a vacation rental property with income from a high-demand laundry business. Visible corner location on Truman Ave. between Duval and Simonton St. Surrounded by several Old Town Attractions

Details
Maps
Contract Information
Current Price: $1,800,000
Listing Date: 2014-02-20
Listing Board: Key West Association
Leased Price Monthly: $1,800,000
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Location, Tax & Legal
Street #: 517
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: Commercial
Style: Commercial
Lot SqFt: 4280
Waterfront: No
Business Name: Old Town Laundry
Building SqFt: 4460
Year Built: 1963
Association Info
Mandatory Home Owners Asc: No
License Info
# of Transient Licns: 2
Financial Status
Potential Short Sale: No
Status Change Info
Under Contract Date: 2015-05-01
Leased Date: 2015-05-05
Leased Price Monthly: $1,800,000
Status: Closed
Property Features
Deed Restrictions: Unknown
License Info: Non Trans Rntl Lic
Dockage: None
Utilities: FKAA; Municipal Sewer
Construction: Stucco
Land Size: Less Than 1/4 Acre
Property Rights: Transient License

Listing Office: RE/MAX KEYS CONNECTION

Last Updated: September - 09 - 2024

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.