91865 Overseas Hwy , for Sale & Rent

91865 Overseas Hwy for Sale & Rent

Price $6,500,000.00

• Lot size 21140
• Year Build 1936
• Waterfront
• Zip 33070
• Style
• Parking Description Free Parking
• Pool Yes
• Status Active

Description

TURN KEY INVESTMENT! This property is situated in a prime location on the Overseas Hwy between Plantation Key and Key Largo. 10 Residential units are fully occupied and fully equipped, featuring new A/C units, interior updates, and fully furnished. These residential units are fully leased at market rate. In addition, the property offers 5 commercial buildings fully leased to long-term tenants with $500k gross income with the potential to raise rents to $550k once leases expire! 100% OCCUPANCY! Property has undergone comprehensive renovations, and full gut-out rehab, resulting in an unmatched living, working, and retail experience. The property showcases brand new 2024 metal roofs, impact windows and doors, brand new pavers, brand new plumbing and electrical, new stucco and paint.

Seller financing negotiable terms. please call listing agent to receive income and expense sheet.

BK A LTS 1-5 AND 36-37 TAVERNIER NO 2 PB2-8 KEY LARGO AND PT DISCLAIMED ALLEY (RES NO 11-1968) E6-162 OR405-1100 OR456-15/16 OR679-208 OR760

Corner Lot

TURN KEY INVESTMENT! This property is situated in a prime location on the Overseas Hwy between Plantation Key and Key Largo. 10 Residential units are fully occupied and fully equipped, featuring new A/C units, interior updates, and fully furnished. These residential units are fully leased at market rate. In addition, the property offers 5 commercial buildings fully leased to long-term tenants with $500k gross income with the potential to raise rents to $550k once leases expire! 100% OCCUPANCY! Property has undergone comprehensive renovations, and full gut-out rehab, resulting in an unmatched living, working, and retail experience. The property showcases brand new 2024 metal roofs, impact windows and doors, brand new pavers, brand new plumbing and electrical, new stucco and paint.

List A O R:A-Miami Association of REALTORS,Latitude:25.075111541183,Cooling Y N:1,Lease Term:4 To 6 Year Lease,Annual Lease,Long Term Lease,List Price:6500000,Listing Id:A11733844,Longitude:-80.592235217707,Mls Status:Active,Year Built:1936,Inclusions:Building & Land,Leases,License, Furniture/Fixtures,Leases,Postal Code:33070,Street Name:Overseas Hwy,Tenant Pays:1:Fire Liability Insurance,2:Inside Insurance,3:Sales Tax,4:Sewer,5:Water,Coordinates:1:25.075111541183,Photos Count:21,Business Type:1:Shopping Center,Days On Market:1,Listing Terms:1:Conventional/Refinance,2:Owner Will Carry,Lot Size Units:Square Feet,M I A M I R E_ Area:98 Florida Keys,On Market Date:2025-01-28,Parcel Number:00555610-000000,Property Type:Commercial Sale,Street Number:91865,Public Remarks:TURN KEY INVESTMENT! This property is situated in a prime location on the Overseas Hwy between Plantation Key and Key Largo. 10 Residential units are fully occupied and fully equipped, featuring new A/C units, interior updates, and fully furnished. These residential units are fully leased at market rate. In addition, the property offers 5 commercial buildings fully leased to long-term tenants with $500k gross income with the potential to raise rents to $550k once leases expire! 100% OCCUPANCY! Property has undergone comprehensive renovations, and full gut-out rehab, resulting in an unmatched living, working, and retail experience. The property showcases brand new 2024 metal roofs, impact windows and doors, brand new pavers, brand new plumbing and electrical, new stucco and paint.,Structure Type:1:Retail,2:Shopping Center,County Or Parish:Monroe County,List Office Name:Related ISG Realty, LLC.,Private Remarks:Seller financing negotiable terms. please call listing agent to receive income and expense sheet.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2652,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:18000,Unparsed Address:91865 Overseas Hwy, FL 33070,Listing Agreement:Exclusive Right To Sell,Building Area Total:10169,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:21140,Original List Price:6500000,Documents Available:1:Rent Rolls,I D X Participation Y N:1,Syndication Remarks:TURN KEY INVESTMENT! This property is situated in a prime location on the Overseas Hwy between Plantation Key and Key Largo. 10 Residential units are fully occupied and fully equipped, featuring new A/C units, interior updates, and fully furnished. These residential units are fully leased at market rate. In addition, the property offers 5 commercial buildings fully leased to long-term tenants with $500k gross income with the potential to raise rents to $550k once leases expire! 100% OCCUPANCY! Property has undergone comprehensive renovations, and full gut-out rehab, resulting in an unmatched living, working, and retail experience. The property showcases brand new 2024 metal roofs, impact windows and doors, brand new pavers, brand new plumbing and electrical, new stucco and paint.,Listing Contract Date:2025-01-28,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Call Listing Agent,Street Number Numeric:91865,Tax Legal Description:BK A LTS 1-5 AND 36-37 TAVERNIER NO 2 PB2-8 KEY LARGO AND PT DISCLAIMED ALLEY (RES NO 11-1968) E6-162 OR405-1100 OR456-15/16 OR679-208 OR760,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:TURN KEY INVESTMENT! This property is situated in a prime location on the Overseas Hwy. All new interior and exterior. 100% OCCUPANCY!!,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2025-01-28,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,