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21429660
21429640

91865 Overseas Hwy, Tavernier, FL 33070

TS
3276888, FL
Related ISG Realty
Listed by Related ISG Realty
$5,950,000
490 days on market
Updated 171 days ago

THE TAVERNIER HOTEL

Details
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Shopping Center
Square Footage 21,140
Net Rentable (SqFt) 10,150
Units 15
Cap Rate 8.32%
NOI $495,250
Occupancy 100%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 7.38%
Pro-Forma NOI $439,250
Class B
Year Renovated 2024
Buildings 5
Stories 2
Lot Size (SqFt) 21,140
Parking Spaces 30 spaces
Parking Per SqFt 1.42
Investment Type Stabilized

Retail & Residential | 8.32% CAP | 100% OCCUPANCY

Marketing description


Presenting an unparalleled new investment opportunity on the Overseas Highway at Mile Marker 91 in Tavernier FL Keys, featuring 143 feet 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.

CALL SHANI MAIMONI LISTING AGENT FOR QUESTIONS

Investment highlights

  • 2025 METAL ROOFS

  • NEW PAVERS

  • COMPLETE GUT OUT FOR ALL UNITS

  • NEN STUCCO AND PAINT

  • IMPACT WINDOWS AND DOORS THROUGHOUT

  • NEW ELECTRICAL AND PLUMBING

Listing Contacts

TS
3276888, FL
Related ISG Realty
Listed by Related ISG Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$495,250.00
$41,270.83/mo

Valuation Metrics

0
DSCR
8.32%
Cap Rate
8.32%
ROI

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Additional Information

Name
Shani Maimoni
License
3521821
Brokerage
RelatedISG
Brokerage Phone
7863273923
Title
Broker of Record
Brokerage Address
FL
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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