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Lorie Leal

lorie@lorieleal.com +1(305) 942-6044

Listed by Jenna Vega Blackwell Berkshire Hathaway HomeServices Knight & Gardner Realty

$ 3,750,000

Est. payment | -/mo

4 Beds

4 Baths

2,214 SqFt

Save

$ 3,750,000

Est. payment | -/mo

Save

4 Beds

4 Baths

2,214 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,214 sqft

Price per Sqft $1,693

Subdivision The Meadows (1.0)

MLS Listing ID 621522

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 1928

Annual Tax Amount $21,730

Tax Year 2025

Lot Size 4,364 Sqft

Acres 0.1

Lot Dimensions 49 X 88

Property Sub-Type Commercial

Land Area 2214

Property Description

Exceptional Key West Investment Opportunity with 3 Transient Licenses. The property consists of four private one bedrooms, one bath units, each featuring its own kitchen, living area, bedroom, and full bathroom. Most importantly, three of the four units benefit from transient rental licenses allowing nightly rentals, an increasingly rare and valuable asset in the Key West market. The fourth unit is currently rented monthly. Guests enjoy a shared private courtyard with a swimming pool, creating an inviting tropical setting and a desirable amenity for vacation renters. The property also offers three parking spaces, an added convenience in Key West. Renovated in 2018, the units blend classic Key West character with modern updates. Features include Dade County pine, engineered wood flooring, granite countertops, updated kitchen cabinetry and appliances, along with updated plumbing and electrical systems. Each unit is designed to operate independently, making the property well suited for continued use as an income producing investment.

Location

State FL

County Monroe

Area 01 - Key West

Zoning HMDR - Historic Medium Density Residential

Interior

Interior Features Smoke Alarms, Furnished

Cooling Wall/Window Unit(s)

Flooring Tile, Combo, Laminate

Window Features Wood Windows,Shutters

Appliance Dryer, Washer, Refrigerator

Exterior

Parking Features Guest, Off Street

Utilities Available FKAA

Waterfront Description None

Roof Type Metal Roof

Garage No

Building

Story 2

Level or Stories 2

Others

HOA Fee Include None

Tax ID 00024250-000000

Miscellaneous Pool

1501 Truman AVE Key West, FL 33040

Lorie Leal

Key Details

Location

Interior

Exterior

Building

Others

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1501 Truman AVE