237 Atlantic Boulevard, Key Largo, FL 33037 (MLS# 609804)

237 Atlantic Boulevard, Key Largo, FL 33037

$2,100,000

Property Type: Residential Bedrooms: 7 Baths: 4 Square Footage: 3,164 Lot Size (sq. ft.): 9,375 Status: Closed

Current Price: $2,100,000 List Date: 5/01/2024 Last Modified: 4/01/2025

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.

More Information MLS# 609804

Contract Information

Listing Board: Florida Keys As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No Current Price: $2,100,000 Listing Date: 2024-04-30 Sold Price: $2,100,000

Location, Tax & Legal

City: KEY LARGO Off Shore Island: No Mile Marker: 100 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE Alternate Key #: 1553590 Handicap Access: No Parcel #: 00453472-000500 Zoning: IS - Improved Subivision District 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 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 Waterfront: Yes Control Depth: 5 Lot SqFt: 9375 Pool: No Lot Sqft Source: Tax Records Total Units: 3 Acres: 0.22 SqFt Source: Tax Records Rentals Allowed: Yes Min Rental Days: 28 Style: Multi-Units Year Built: 1980 Living Apx SqFt: 3164 Total Bedrooms: 7 Full Baths: 4 Total Baths: 4

Remarks & Misc

Remarks – Consumer: 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. Directions: Turn onto Atlantic Avenue from US-1 and triplex is on your left.

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

Fee Includes

Other: 1

Dockage

Dock Length: 75 Dock: Concrete Seawall: Concrete

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Oven: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Heating

Central: 1

Waterfront

Canal Front: 1

Waterview

Canal View: 1

Floor

Tile: 1

Neighborhood Feature

Community Boat Ramp: 1 Other Area Features: 1

Interior Features

Built-in Cabinets: 1 Granite Counter Top: 1 Smoke Alarms: 1 Split Bedroom: 1

Specialty Rooms

Utility Room: 1

Building Style

Above Flood: Unknown Stories: 2 Stories

Windows/Doors

Single Hung Windows: 1 Sliding Glass Doors: 1

Vehicle Storage

Car(s): 4+ Covered Parking: 1 RV Parking Open: 1 Trailer Storage: 1

Security

No Security: 1

Construction

CBS: 1 Concrete: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Unfurnished: 1

Terms

No Seller Finance: 1

Utilities

Buyer to Verify: 1 Cable Available: 1 Community Swr Plant: 1 FKAA: 1 Municipal Sewer: 1 Sewer Available: 1

Porch/Balcony

Screened P/B: 1 Screened Patio: 1

Title

Title Ins - Buyer: 1

Exterior Features

Storage: 1

Pre-Wired

Cable: 1

Roof

Shingle Roof: 1

Financial Status

Auction: No Bank Owned: No Potential Short Sale: No

Accessibility Feat

None: 1

Shutters

Other: 1

Status Change Info

Sold Date: 2025-04-01 Sold Price: $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

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