189 Casa Ct Dr, Tavernier, FL 33070
This exceptional 2-unit apartment building, constructed in 2006, presents a lucrative investment opportunity in the desirable Key Largo, Florida area. Located at 189 Casa Court Dr, Tavernier, FL 33070, this two-story property boasts a prime bayside location, offering residents stunning views and easy access to local amenities. Each unit features two bedrooms and one bathroom, recently upgraded with modern kitchens and bathrooms. The property includes ample living space, both indoors and out, with patios and screened porches providing additional outdoor enjoyment. Residents benefit from convenient access to restaurants, schools, shopping centers, and the airport, with Miami also within reach. The property also offers generous parking, including a carport, and a sizable side lawn suitable for RV or boat storage. Currently, each unit rents for $2900 per month, leaving room for potential rent increases with further upgrades. The large backyard presents the possibility of adding a pool, further enhancing the property's appeal. Short-term rentals are permitted, with a minimum stay of 28 days. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a highly sought-after location. Mile marker 94 off US1 at Adobe Casa Ct. Last property on the left at the end of the street. Asking price: $1,300,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.