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$2,699,000
Key Largo, FL 33037
MLS# 609804
7 beds | 4 baths | 3164 sqft
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Property Description
This waterfront multi-family tri-plex is located in the coveted boating enclave of Port Largo. This property presents a prime opportunity for astute investors seeking to capitalize on its versatile building rights or to leverage its existing rental income potential with long-term tenants. The allure of this investment lies in its potential for future rental income optimization. With two, two-bedroom, one-bathroom units and one three-bedroom, two-bathroom unit, there exists ample room for income diversification. Each unit features an inviting open floor plan, complemented by screened-in porches that afford picturesque vistas of the water. 75 feet of deep-water concrete dockage further enhances its appeal to both investors and tenants alike. Whether one chooses to reside in one unit while leasing out the others or to capitalize on the rental market, the possibilities for maximizing returns are truly limitless in this prime investment offering. An exceptional investment opportunity awaits discerning investors.
Details
Maps
Contract Information
Current Price: $2,699,000
Listing Date: 2024-04-30
Listing Board: Florida Keys
List Price: $2,699,000
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 237
Street Name: Atlantic
Street Suffix: Boulevard
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
Off Shore Island: No
County: Monroe
Subdivision: Port Largo (100.0)
Mile Marker: 100
Area: 27 - Key Largo MM 97-107
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE
Handicap Access: No
Alternate Key #: 1553590
Parcel #: 00453472-000500
Zoning: MF - Multi-Family Attached
Deed Restrictions: Unknown
Legal: LT 237 PORT LARGO SECOND ADDITION KEY LARGO PB6-53 OR589-831 OR792-1075 OR792-1072 OR792-1074 OR798-2274 OR2534-844/45
Taxes: 10689.42
Tax Year: 2023
Pub Sewer HkUp: Yes
General Property Description
Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: Yes
Control Depth: 5
Pool: No
Year Built: 1980
Total Units: 3
Lot SqFt: 9375
Lot Sqft Source: Tax Records
Acres: 0.22
Living Apx SqFt: 3164
SqFt Source: Tax Records
Total Bedrooms: 7
Full Baths: 4
Total Baths: 4
Rentals Allowed: Yes
Remarks & Misc
Remarks – Consumer: This waterfront multi-family tri-plex is located in the coveted boating enclave of Port Largo. This property presents a prime opportunity for astute investors seeking to capitalize on its versatile building rights or to leverage its existing rental income potential with long-term tenants.
The allure of this investment lies in its potential for future rental income optimization. With two, two-bedroom, one-bathroom units and one three-bedroom, two-bathroom unit, there exists ample room for income diversification. Each unit features an inviting open floor plan, complemented by screened-in porches that afford picturesque vistas of the water.
75 feet of deep-water concrete dockage further enhances its appeal to both investors and tenants alike. Whether one chooses to reside in one unit while leasing out the others or to capitalize on the rental market, the possibilities for maximizing returns are truly limitless in this prime investment offering. An exceptional investment opportunity awaits discerning investors.
Directions: Turn onto Atlantic Avenue from US-1 and triplex is on your left.
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
Voluntary Home Owners Asc: Yes
1st Right of Refusal: No
Assoc Approval Req: No
Association Fee $: 275
Assoc/Mnt Fee Per: Yearly
Dockage
Dock Length: 75
Dock: Concrete
Seawall: Concrete
Building Style
Above Flood: Unknown
Stories: 2 Stories
Vehicle Storage
Car(s): 4+
Financial Status
Auction: No
Bank Owned: No
Potential Short Sale: No
Property Features
Fee Includes: Other
Tax Exemptions: None
Waterfront: Canal Front
Waterview: Canal View
Vehicle Storage: Covered Parking; RV Parking Open; Trailer Storage
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Central Air
Heating: Central
Porch/Balcony: Screened P/B; Screened Patio
Utilities: Buyer to Verify; Cable Available; Community Swr Plant; FKAA; Municipal Sewer; Sewer Available
Interior Features: Built-in Cabinets; Granite Counter Top; Smoke Alarms; Split Bedroom
Pre-Wired: Cable
Specialty Rooms: Utility Room
Appliances: Dishwasher; Oven; Refrigerator; Stainless Steel Appliance(s)
Exterior Features: Storage
Accessibility Feat: None
Construction: CBS; Concrete
Windows/Doors: Single Hung Windows; Sliding Glass Doors
Shutters: Other
Floor: Tile
Roof: Shingle Roof
Pets: Pets Allowed
Neighborhood Feature: Community Boat Ramp; Other Area Features
Security: No Security
Land Size: Less Than 1/4 Acre
Terms: No Seller Finance
Title: Title Ins - Buyer
Listing Office: Ocean Sotheby's International Realty
Last Updated: May - 01 - 2024
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