237 Atlantic Blvd, Key Largo, FL 33037

$2,100,000
7
BD
4
BA
3,164
SqFt

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Sold Price
$2,100,000
List Price
$2,599,000
Closing Date
Apr 01, 2025
MLS#
609804
Status
CLOSED
Island
Key Largo
County
Monroe
City
Key Largo
Area
Key Largo MM 97-107
Subdivision
Port Largo (100.0)
Neighborhood
27 - Key Largo MM 97-107
Bedrooms
7
Bathrooms
4
Living Area
3,164
Acres
0.22
Year Built
1980
Days on Market
335

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.

Additional Information

Hoa Fee
$275
Taxes
$10,689
Interior Features
Custom Cabinets, Granite Counters
Appliances
Dishwasher, Refrigerator, Oven, Stainless Steel Appliance(s)
Exterior Features
Storage
Roof
Shingle
Waterfront
Yes
Control Depth
5
Zoning
IS - Improved Subivision District

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Listing Courtesy Of Ocean Sotheby's International Realty, Contact: 305-712-8888

Selling Office: .