$2,100,000
Key Largo, FL 33037
MLS# 609804
Status: Closed
7 beds | 4 baths | 3164 sqft
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Property Description
INVESTORS! 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: $2,100,000
Listing Date: 2024-04-30
Listing Board: Florida Keys
Leased Price Monthly: $2,100,000
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
County: Monroe
Subdivision: Port Largo (100.0)
Area: 27 - Key Largo MM 97-107
General Property Description
Realtor.COM Type: Residential - Single 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
Min Rental Days: 28
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
Status Change Info
Under Contract Date: 2025-01-28
Leased Date: 2025-04-01
Leased Price Monthly: $2,100,000
Status: Closed
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
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
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: April - 01 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.