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Property Description

Prime Mixed-Use Investment Opportunity in Key West!Built in 2021 to current building codes, this exceptional four-unit commercial and residential compound is a rare find in the heart of Key West. A perfect 1031 Exchange candidate, this versatile property includes two licensed townhouse residences and two licensed commercial units, offering excellent income potential and flexibility.The commercial building, positioned street-side, is a two-story frame structure with high visibility on Truman Avenue. The ground floor offers approximately 1,112 square feet of open commercial space, while the second floor spans approximately 800 square feet and features a 30-foot-wide balcony overlooking Truman Avenue. An ADA-compliant elevator provides easy access to the second floor. Both levels include fully ADA-compliant restrooms, nine-foot-high ceilings, recessed lighting, ceiling fans, central air conditioning, washer and dryer hookups, and are pre-wired and plumbed for refrigerators and sinks. At the rear of the property, the residential portion consists of a two-story, common-wall duplex, with each unit offering approximately 1,015 square feet of living space. Designed for comfort and style, each unit features two bedrooms and two and a half bathrooms, vaulted ceilings in the upstairs bedrooms, spacious island kitchens, tile flooring, and private shaded rear decks. The property is thoughtfully designed with a beautifully landscaped common courtyard that separates the commercial and residential buildings, enhancing privacy and curb appeal. This turnkey mixed-use property presents a rare opportunity to own a high-quality, income-producing asset in one of Key West's most desirable locations. Don't miss out on this exceptional investment! *Note: 3D Tour is only of the 2 residential units.*

Overview

Property Status
For Sale
Lot Size
5,000 Sq.Ft.
MLS ID
613823
Property Type
Multi-Family
Year Built
2021

Features & Amenities

Neighborhood
Old Town
Water Frontage
None
View Description
No Waterview
Stories
2
Utilites
FKAA, Water Separate Meter, Elect Separate Meter, Buyer to Verify, Sewer Available, Municipal Sewer
Roof
Metal Roof
Air Conditioning
Central Air, Ceiling Fans(s)
HOA Amenities
None
Other Exterior Features
Fencing, Lighting
Sales Price
$2,495,000
Real Estate Tax
$15,854/yr
Zoning
HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med

Downloads

1028-1030 Truman Avenue

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

Enter a valid email

Thank you

for your interest in 1028-1030 Truman Avenue, Key West, FL 33040

back to page

Property Description

Prime Mixed-Use Investment Opportunity in Key West!Built in 2021 to current building codes, this exceptional four-unit commercial and residential compound is a rare find in the heart of Key West. A perfect 1031 Exchange candidate, this versatile property includes two licensed townhouse residences and two licensed commercial units, offering excellent income potential and flexibility.The commercial building, positioned street-side, is a two-story frame structure with high visibility on Truman Avenue. The ground floor offers approximately 1,112 square feet of open commercial space, while the second floor spans approximately 800 square feet and features a 30-foot-wide balcony overlooking Truman Avenue. An ADA-compliant elevator provides easy access to the second floor. Both levels include fully ADA-compliant restrooms, nine-foot-high ceilings, recessed lighting, ceiling fans, central air conditioning, washer and dryer hookups, and are pre-wired and plumbed for refrigerators and sinks. At the rear of the property, the residential portion consists of a two-story, common-wall duplex, with each unit offering approximately 1,015 square feet of living space. Designed for comfort and style, each unit features two bedrooms and two and a half bathrooms, vaulted ceilings in the upstairs bedrooms, spacious island kitchens, tile flooring, and private shaded rear decks. The property is thoughtfully designed with a beautifully landscaped common courtyard that separates the commercial and residential buildings, enhancing privacy and curb appeal. This turnkey mixed-use property presents a rare opportunity to own a high-quality, income-producing asset in one of Key West's most desirable locations. Don't miss out on this exceptional investment! *Note: 3D Tour is only of the 2 residential units.*

Overview

Property Status
For Sale
Lot Size
5,000 Sq.Ft.
MLS ID
613823
Property Type
Multi-Family
Year Built
2021

Features & Amenities

Neighborhood
Old Town
Water Frontage
None
View Description
No Waterview
Stories
2
Utilites
FKAA, Water Separate Meter, Elect Separate Meter, Buyer to Verify, Sewer Available, Municipal Sewer
Roof
Metal Roof
Air Conditioning
Central Air, Ceiling Fans(s)
HOA Amenities
None
Other Exterior Features
Fencing, Lighting
Sales Price
$2,495,000
Real Estate Tax
$15,854/yr
Zoning
HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med

Downloads

1028-1030 Truman Avenue

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

Enter a valid email

Thank you

for your interest in 1028-1030 Truman Avenue, Key West, FL 33040

back to page
1028-1030 Truman Avenue
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1028-1030 Truman Avenue

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