98480 Overseas Highway 1-9, Key Largo, FL 33037

$850,000

Property Type: Commercial Sale Bedrooms: 9 Baths: 9 Square Footage: 4,738 Lot Size (sq. ft.): 11,281 Status: Closed

Current Price: $850,000 List Date: 2/20/2015 Last Modified: 9/10/2024

Overview

Description

INVESTORS ALERT! RESIDENTIAL INCOME. Seller Financing may be possible Commercial property, 9 apartments , 8 leased plus a managers apartment. 3-1 bedroom & 6 efficiencies, on-site laundry facilities, close to central Key Largo w/shops, restaurants, hotels and tourist attractions. Urban Commercial(UC) zoning allows for many uses of this property, see Documents tab for muni code info. 1 hr to MIA.

Supplements: SEE DOCUMENTS TAB FOR APARTMENT DESCRIPTIONS AND RENTS

Listing Details MLS# 566757

Location, Tax & Legal

Street #: 98480
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
Subdivision: Pirates Cove (Key Largo) (98.5)
County: Monroe
Area: 27 - Key Largo MM 97-107
Unit #: 1-9
City: KEY LARGO
Off Shore Island: No
Mile Marker: 98.5
Side: Bay/Gulf
Flood Zone: X
Alternate Key #: 1609226
Parcel #: 00493060-000000
Zoning: UC - Urban Commercial District
Legal: BK 1 LTS 6 & 7 PIRATES COVE-KEY LARGO PB3-18 OR421-577 OR477-751-752 OR488-724 CASE NO 80-130-CP-23 OR821-275Q/C OR821-2
Taxes: 10036.32
Tax Year: 2013

Contract Information

Listing Board: Florida Keys
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Species List: No

General Property Description

Realtor.COM Type: Commercial
Style: Residential Income
Lot SqFt: 11281
Waterfront: No
# Stories: 2
Building Ht. Ft.: Yes
Building SqFt: 4738
SqFt Source: Property Data Card
Living Apx SqFt: 4738
Total Units: 9
Year Built: 1972
Total Bedrooms: 9
Full Baths: 9
Total Baths: 9
Control Depth: 0

Status Change Info

Under Contract Date: 2015-10-14
Sold Date: 2015-10-22

Association Info

Mandatory Home Owners Asc: No

Property Info

# Kitchens: 9
# Efficiencies: 6
# Refrigerators: 9
# Range/Ovens: 9
# Washers: Yes
# Dryers: Yes
1 Bed/Bath: 3

More Information

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: INVESTORS ALERT! RESIDENTIAL INCOME. Seller Financing may be possible Commercial property, 9 apartments , 8 leased plus a managers apartment. 3-1 bedroom & 6 efficiencies, on-site laundry facilities, close to central Key Largo w/shops, restaurants, hotels and tourist attractions. Urban Commercial(UC) zoning allows for many uses of this property, see Documents tab for muni code info. 1 hr to MIA.
Directions: US-1 to mile marker 98.5 , Bay Side . There is a back entry from Tortuga Drive, west and parallel to US-1.

Type

Apartment 3 or more: Yes
Other Comrcl Style: Yes
Retail: Yes
Other Services: Yes

Fee Includes

None: Yes

Dockage

Other Dockage: Yes

Appliances

Range: Yes
Refrigerator: Yes

Cooling

Wall/Window Unit(s): Yes

Waterfront

None: Yes

Electric

220 Volt: Yes

Waterview

No Waterview: Yes

Vehicle Storage

Guest Parking: Yes
Assigned Parking: Yes

Construction

CBS: Yes

Land Size

1/4 - 1/2 Acre: Yes

Terms

Seller Finance Psble: Yes

Utilities

FKAA: Yes
Separate Meters: Yes

Miscellaneous

High Visibility: Yes
Highway Frontage: Yes
Residence on Premise: Yes

Roof

Concrete Roof: Yes

Tenant Paid

Electric: Yes
Water: Yes

Property Features

Type: Apartment 3 or more; Other Comrcl Style; Retail; Other Services Waterfront: None Waterview: No Waterview Dockage: Other Dockage Vehicle Storage: Assigned Parking; Guest Parking Cooling: Wall/Window Unit(s) Utilities: FKAA; Separate Meters Appliances: Range; Refrigerator Miscellaneous: High Visibility; Highway Frontage; Residence on Premise Construction: CBS Electric: 220 Volt Roof: Concrete Roof Land Size: 1/4 - 1/2 Acre Fee Includes: None Terms: Seller Finance Psble Tenant Paid: Electric; Water

Documents

Municiple Code -Urban Commercial ›

Apartment Description and Rents ›

Listing Office: Coldwell Banker Schmitt Key Largo

Last Updated: September - 10 - 2024

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.

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