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$1,250,000
Marathon, FL 33050
MLS# 599200
Status: Closed
8 beds | 4 baths | 2780 sqft
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Property Description
Fantastic opportunity for an investor or local business for employee housing! This two story, four unit apartment building is a rarity in Marathon. Offering apartments that are all two bedroom, one bathroom units. They are all currently rented with long-term tenants in place; current rents range from $1,715 - $2,000 per unit. The current market rate rent on these units should be $2,400 + monthly. Separately metered electric for each unit, which tenants pay. There is plenty of parking on-site and a laundry room out back (owner pays utilities for laundry room). If you own a local business and worry about employee retention due to housing, this may be the investment you need to make to secure your longevity.
Details
Maps
Contract Information
Current Price: $1,250,000
Listing Date: 2022-01-12
Listing Board: Marathon/Lower Keys
Sold Price: $1,250,000
As is Rght to Inspct: Yes
Species List: No
Location, Tax & Legal
Street #: 500
Street Name: 22nd
Street Suffix: Street
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
Off Shore Island: No
County: Monroe
Subdivision: R & R Subdivision (48.5)
Mile Marker: 48.5
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
Marathon Neighborhood: Old Town East (25th to Sombrero)
Side: Ocean
Flood Zone: AE
Alternate Key #: 1120014
Parcel #: 00102830-000100
Zoning: RH - Residential High
Deed Restrictions: No
Legal: 9 66 32 KEY VACCA PT GOV LT 2 ADJ AND S OF LT 6 BLK B R AND R SUBD OR176-45 OR476-195 OR476-197 OR552-255C OR586-291 OR6
Taxes: 6039.6
Tax Year: 2021
Pub Sewer HkUp: Yes
General Property Description
Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: No
Pool: No
Year Built: 1973
Total Units: 4
Lot SqFt: 6002
Acres: 0.14
Living Apx SqFt: 2780
SqFt Source: Property Data Card
Total Bedrooms: 8
Full Baths: 4
Total Baths: 4
Rentals Allowed: Yes
Min Rental Days: 7
Remarks & Misc
Remarks – Consumer: Fantastic opportunity for an investor or local business for employee housing! This two story, four unit apartment building is a rarity in Marathon. Offering apartments that are all two bedroom, one bathroom units. They are all currently rented with long-term tenants in place; current rents range from $1,715 - $2,000 per unit. The current market rate rent on these units should be $2,400 + monthly. Separately metered electric for each unit, which tenants pay. There is plenty of parking on-site and a laundry room out back (owner pays utilities for laundry room). If you own a local business and worry about employee retention due to housing, this may be the investment you need to make to secure your longevity.
Directions: Ocean Side, turn on 22nd Street. Apartment building is 3/4 of the way down the street on the left hand side.
Status Change Info
Sold Date: 2022-05-17
Sold Price: $1,250,000
Sold Comments: Thank you David! Glad you got to sell this twice!
Status: Closed
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Building Style
Above Flood: Unknown
Stories: 2 Stories
Financial Status
Standard Sale: Yes
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Off Street Parking
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Utilities: Elect Separate Meter; FKAA
Pre-Wired: Cable
Specialty Rooms: Utility Room
Appliances: Dryer; Oven; Range; Washer
Accessibility Feat: None
Construction: Concrete
Floor: Tile
Pets: Pets Allowed
Security: Patrolled Area
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; No Seller Finance
Title: Negotiable
Listing Office: Ocean Sotheby's International Realty
Last Updated: May - 18 - 2022
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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.