1011 Truman Avenue is a versatile Old Town opportunity that can easily live like a spacious single-family residence while offering great flexibility for guests or multi-generational living. Currently configured as three legal units with one covered off-street parking space and located in the desirable X-Flood Zone, the property features a 795 sq. ft. ground-floor space with an industrial feel and half bath that could be reimagined as additional living, entertaining, or hobby space, plus a 416 sq. ft. one-bedroom with full bath and kitchenette hookups--ideal for an efficiency or guest suite. Upstairs, a stunning 720 sq. ft. one-bedroom, one-bath loft feels like a private primary retreat with open living and dining areas, a partitioned bedroom, beautiful master bath, full kitchen, and a private covered patio. Together, the spaces create a unique opportunity to design a large Old Town Key West residence with flexible layouts for guests, extended family, or live/work use.