237 Atlantic Boulevard, Key Largo, FL 33037

$2,599,000 Asking Price

4 beds
3 baths
3,164  sqft
Built in 1980

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.

Features & Amenities

Interior

General:
Split Bedroom,Built-in Cabinets,Smoke Alarms,Granite Counter Top
Flooring:
Tile
A/C:
Central Air,Ceiling Fans(s)
Disability Feature:
None

Exterior

General:
Storage
Pool:
None

Construction

Roofing:
Shingle Roof

Location

County:
Monroe

Lot

Zoning:
IS - Improved Subivision District, 1553590, 00453472-000500

Utilities

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

This listing courtesy of:
Ocean Sotheby's International Realty, Walters Luxury Group Gloria, Rachel and Michaela Walters

About Key Largo, FL

Housing

Number of Units
10,929
Median Home Value
$591,491
Median Rent
$1,509

21.98% of housing units are renter occupied.

40.97% are vacant.

Commute

Car
80.75%
Public Transportation
1.24%
Walk to Work
2.68%
Work from Home
14.45%
Other
0.02%

The median travel time to work is 26 minutes.

People

Population
13,673
Median Age
51.90
Median Household Size
2.43

Education

High School
24.92%
Associate’s Degree
7.51%
Bachelor’s Degree
19.79%
Graduate Degree
16.52%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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