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1 Bowen Drive, Key Largo, FL 33037

$1,630,000
Property Type: Residential Bedrooms: 8 Baths: 10 Square Footage: 4,412 Lot Size (sq. ft.): 9,342 Status: Closed
Current Price: $1,630,000 List Date: 3/20/2023 Last Modified: 9/06/2024

Overview

Description

MOTIVATED SELLER—-TREMENDOUS INVESTMENT OPPORTUNITY WITH THIS WELL MAINTAINED MIXED-USE BUILDING...A GREAT ADDITION to YOUR PORTFOLIO... Gross Annual Rental Income $106K. Signage along highly traveled US1 provides prime exposure for businesses-YOUR TENANTS WILL LOVE IT. Common parking lot with ample space to accommodate businesses, residents & guests. Convenient location to Key Largo amenities and activities. Eight fully occupied residential units along with the 2 storefronts. This is a fully operational income producing property while still offering room for value added enhancements...An IDEAL INVESTMENT! Bring all offers! Please DO NOT disturb tenants. LA must accompany

Listing Details MLS# 600208

Location, Tax & Legal

Street #
Yes
Street Name
Bowen
Street Suffix
Drive
Key/Island
Key Largo
State/Province
FL
Zip Code
33037
County
Monroe
Subdivision
Bowens Addn Riviera Village (105.0)
Area
27 - Key Largo MM 97-107
City
KEY LARGO
Mile Marker
105
Marathon Neighborhood
N/A
Side
Bay/Gulf
Flood Zone
0.2 PCT ANNUAL CHANC
Alternate Key #
1632376
Parcel #
00513060-000000
Zoning
RO - Residential/Office
Deed Restrictions
Unknown
Legal
BK 14 LT 1 BOWENS ADDN TO RIVIERA VILLAGE KEY LARGO PB2-107 AND ADJ PORTION OF STATE RD 5 G57-181 OR368-894/95 OR776-596
Taxes
7546.27
Tax Year
2021
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Florida Keys
As is Rght to Inspct
Yes
Potential Short Sale
No
Bank Owned
No

General Property Description

Realtor.COM Type
Multi-family
Style
Multi-Units
Waterfront
No
Pool
No
Year Built
1959
Total Units
10
Lot SqFt
9342
Acres
0.21
Living Apx SqFt
4412
SqFt Source
Tax Records
Total Bedrooms
8
Full Baths
8
Half Baths
2
Total Baths
10
Rentals Allowed
Yes
Control Depth
0

Status Change Info

Sold Date
2023-09-06

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No
Association Fee $
0

Building Style

Above Flood
Unknown
Stories
2 Stories

More Information

Appliances

Other
Buyer to verify

Financial Status

Bank Owned
No
Potential Short Sale
No

Remarks & Misc

Remarks – Consumer
MOTIVATED SELLER—-TREMENDOUS INVESTMENT OPPORTUNITY WITH THIS WELL MAINTAINED MIXED-USE BUILDING...A GREAT ADDITION to YOUR PORTFOLIO... Gross Annual Rental Income $106K. Signage along highly traveled US1 provides prime exposure for businesses-YOUR TENANTS WILL LOVE IT. Common parking lot with ample space to accommodate businesses, residents & guests. Convenient location to Key Largo amenities and activities. Eight fully occupied residential units along with the 2 storefronts. This is a fully operational income producing property while still offering room for value added enhancements...An IDEAL INVESTMENT! Bring all offers! Please DO NOT disturb tenants. LA must accompany
Directions
Directly across Key Largo Public School on US1

Fee Includes

None
Yes

Dockage

None
Yes

Tax Exemptions

None
Yes

Pets

Pets Allowed
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Construction

CBS
Yes

Land Size

Less Than 1/4 Acre
Yes

Utilities

Buyer to Verify
Yes
FKAA
Yes
Municipal Sewer
Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Utilities: Buyer to Verify; FKAA; Municipal Sewer Construction: CBS Pets: Pets Allowed Land Size: Less Than 1/4 Acre
Listing Office: Paradise Florida Keys Real Estate, a Luxury Brand
Last Updated: September - 06 - 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.