928 Truman Ave 101 KyKey West, FL 33040

This exceptional Key West investment opportunity presents a rare blend of residential and commercial real estate. The property comprises three buildings on a 9,998 sq ft lot, featuring five legal rental units totaling 2,684 square feet, currently boasting 100% occupancy. The units offer a combined eight bedrooms and six bathrooms. A 1,320 sq ft storefront is attached, providing significant versatility. This space, with dual entrances, is ideally suited for a variety of commercial uses, or could be converted into additional residential units, expanding rental income potential. The property benefits from ample parking (10 spaces) and is located in a desirable Old Town location, zoned HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med, ensuring flexibility for future development. Built in 1959, the property features six electric meters and five water meters, simplifying utility management. The property is situated in a no-flood zone, offering peace of mind to investors. This mixed-use property offers a compelling investment opportunity in a prime Key West location, with the potential for significant returns. The current rental income is substantial, providing immediate cash flow. This is a truly unique opportunity to acquire a well-located, high-performing asset in a thriving market.