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$3,625,000
Marathon, FL 33050
MLS# 592258
Status: Closed
36 beds | 36 baths | 1200 sqft
1 / 32
Property Description
Turnkey Investor Opportunity! Twelve affordable housing units built in 2018 to current building codes. Each of the 12 units is a 3 bedroom, 3 bath with open floor plan, vinyl plank flooring. Pantry, linen closet and washer/dryer in every unit. Impact doors and windows throughout! Hold and cash flow, or sell individually and manage. RARE chance to purchase this many modern units, in a development that has had very little turnover. Stable steady income producing complex.
Details
Maps
Contract Information
Current Price: $3,625,000
Listing Date: 2020-08-26
Listing Board: Marathon/Lower Keys
Sold Price: $3,625,000
As is Rght to Inspct: Yes
Location, Tax & Legal
Street #: 103-125
Street Name: 41St St Gulf
Street Suffix: Street
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Off Shore Island: No
County: Monroe
Subdivision: Marathon Beach (49.0)
Mile Marker: 49
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
Marathon Neighborhood: Old Town East (25th to Sombrero)
Side: Bay/Gulf
Flood Zone: AE
Handicap Access: No
Alternate Key #: 9104420
Add'l Parcel #1: See Supplement
Add'l Parcel #2: See Supplement
Parcel #: 00337180-000100
Zoning: RH - Residential High
Deed Restrictions: Affordable Housing
Legal: See supplement
Taxes: 2149.7
Tax Year: 2019
Pub Sewer HkUp: Yes
General Property Description
Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: No
Pool: No
Year Built: 2018
Total Units: 12
Lot Size: 9600
Lot SqFt: 800
Living Apx SqFt: 1200
SqFt Source: Property Data Card
Total Bedrooms: 36
Full Baths: 36
Total Baths: 36
Rentals Allowed: With Restrictions
Min Rental Days: 180
Remarks & Misc
Remarks – Consumer: Turnkey Investor Opportunity! Twelve affordable housing units built in 2018 to current building codes. Each of the 12 units is a 3 bedroom, 3 bath with open floor plan, vinyl plank flooring. Pantry, linen closet and washer/dryer in every unit. Impact doors and windows throughout! Hold and cash flow, or sell individually and manage. RARE chance to purchase this many modern units, in a development that has had very little turnover. Stable steady income producing complex.
Directions: Going southbound on US 1 turn right on 41st. Complex is second left driveway.
Status Change Info
Sold Date: 2021-08-12
Sold Price: $3,625,000
Status: Closed
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Building Style
Above Flood: Yes
Stories: 3 Stories
Property Features
Fee Includes: Bldg Exterior Mnt
Tax Exemptions: None
Waterfront: None
Waterview: Bay/Gulf View; No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Building Style: Townhouse
Vehicle Storage: Carport; Guest Parking
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Central Air
Porch/Balcony: No Porch/Balcony
Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Interior Features: Built-in Cabinets; Drapes/Blinds Incl; Pantry; Split Bedroom; Walk-in Closet(s)
Pre-Wired: Cable
Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Washer
Construction: Hardi Board Siding; Modular
Windows/Doors: Impact Rstnce Doors; Impact Rstnce Window
Floor: Vinyl; Wood
Roof: Metal Roof
Neighborhood Feature: Airstrip; Bike Paths
Land Size: 1/4 - 1/2 Acre
Terms: Cash; Conventional
Listing Office: The New Home Spot, Inc.
Last Updated: August - 16 - 2021
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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.