91865 OVERSEAS HWY, Out of City
$5,950,000 USD
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| Address | 91865 OVERSEAS HWY, Out of City |
| Type of Property | Mixed Use |
| Type of Business | Apartments, Commercial / Residential Income |
| Property Style | Mixed Use |
| Price | $5,950,000 |
| Previous Price | $6,000,000 (108 days ago) |
| Property Status | Active |
| MLS Number | A11924601 |
| Property Size | 21140 |
| Lot Size | 21140 |
| Year Built | 1936 |
| Folio Number | 00555610-000000 |
| Days on Market | 120 |
Detailed Description: Presenting an unparalleled new investment opportunity on the Overseas Highway at Mile Marker 98 in Tavernier FL Keys, featuring 143 ft of direct frontage and offering a truly turn-key cash flow property. This robust mixed-use portfolio includes five fully renovated commercial buildings and ten residential units secured by long-term leases, ensuring immediate revenue stability. The entire property has undergone a comprehensive, full gut-out rehabilitation, showcasing brand new 2024 metal roofs, impact windows and doors, new plumbing, electrical systems, stucco, paint, and high-end pavers, resulting in an unmatched, maintenance-light asset. With a Pro Forma NOI of $495,250, and the owner guaranteeing 100% occupancy at closing, this is a meticulously modernized income machine ready for immediate acquisition by the discerning investor.
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Address Information
| State | Florida |
| City | Out of City |
| County | Monroe County |
| Zip Code | 33070 |
| Address | 91865 OVERSEAS HWY |
| Section | 34 |
| Zip Code (4 Digits) | 2652 |
Financial Information
| Price | $5,950,000 |
| Price per Foot | $0 |
| Previous Price | $6,000,000 |
| Folio Number | 00555610-000000 |
| Tax Amount | $18,000 |
| Possession Information | Funding |
Full Descriptions
| Detailed Description | Presenting an unparalleled new investment opportunity on the Overseas Highway at Mile Marker 98 in Tavernier FL Keys, featuring 143 ft of direct frontage and offering a truly turn-key cash flow property. This robust mixed-use portfolio includes five fully renovated commercial buildings and ten residential units secured by long-term leases, ensuring immediate revenue stability. The entire property has undergone a comprehensive, full gut-out rehabilitation, showcasing brand new 2024 metal roofs, impact windows and doors, new plumbing, electrical systems, stucco, paint, and high-end pavers, resulting in an unmatched, maintenance-light asset. With a Pro Forma NOI of $495,250, and the owner guaranteeing 100% occupancy at closing, this is a meticulously modernized income machine ready for immediate acquisition by the discerning investor. |
| Roof Description | Metal Roof, Other |
| Floor Description | Tile |
| Cooling Description | Wall / Window Unit (s) |
| Parking Description | Free Parking |
Property parameters
| Living Area | 21140 |
| Lot Size | 21140 |
| Total Acreage | 0.000 |
| Maximum Leasable Size | 21140 |
| Year Built | 1936 |
| Type of Property | Mixed Use |
| Type of Business | Apartments, Commercial / Residential Income |
| Style | Mixed Use |
| Listed with | Related ISG Realty, LLC. |