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500 22Nd Street Ocean , 1-4

Marathon, FL 33050
  • $1,899,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: 609777
UPDATED: 166 min ago
$1,899,000
  • 8
    BEDS
  • 0.14
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,780
    SQFT
  • $683
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Ratings & Info

Description

A unique investment gem optimally positioned in the heart of the Florida Keys. This four-unit apartment building presents a fantastic opportunity for investors or business owners seeking employee housing solutions. Each of the four apartments in this building offers a comfortable living space with two bedrooms and one bathroom. Long-term tenants are currently in place. The separate metering of electricity for each unit is a thoughtful touch, allowing tenants to manage and pay for their own usage, which is a benefit for both the landlord and the tenants alike. Parking is often at a premium in the Keys, but not at this property. There is ample on-site parking available, ensuring that residents and their guests have convenient and secure places to park their vehicles. This is a significant advantage in the region and adds to the attractiveness of the property for prospective tenants. Additionally, the presence of a laundry room out back offers an added layer of convenience for residents. This shared facility means that tenants do not need to leave the comfort of their complex for laundry services, adding to the appeal of the apartments. For local business owners, this property represents a strategic investment in the future of their enterprise. With the challenge of securing affordable housing being a key factor in employee retention, owning this apartment building could be a decisive move to ensure the stability and longevity of your workforce. New owner can apply for affordable housing units and if awarded by the city would be able sell the 4 market rates off which are currently going for approx. 200k each. Inquire for details. By providing your employees with a comfortable and convenient place to live, you can foster loyalty and reduce the turnover that often plagues businesses in high-demand living areas. In summary this investment offers a rare blend of steady income potential and strategic benefits for business owners.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than The Mullins Team | Coldwell Banker Schmitt Real Estate Company are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.lowerkeyshomes.com/homes/149994040
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500 22Nd Street Ocean , 1-4 Marathon, FL 33050

  • Price: $1,899,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 166 min ago
  • MLS #: 609777
8
Beds
4
Baths
0
½ Baths
0.14
Acres
2,780
SQFT
$683
$/SQFT
1973
Built
Neighborhood:
R & R Subdivision (48.5)
County:
Monroe
Area:
13 - 7 Mile Bridge To Sombrero Bch Rd E & W
Property Description
A unique investment gem optimally positioned in the heart of the Florida Keys. This four-unit apartment building presents a fantastic opportunity for investors or business owners seeking employee housing solutions. Each of the four apartments in this building offers a comfortable living space with two bedrooms and one bathroom. Long-term tenants are currently in place. The separate metering of electricity for each unit is a thoughtful touch, allowing tenants to manage and pay for their own usage, which is a benefit for both the landlord and the tenants alike. Parking is often at a premium in the Keys, but not at this property. There is ample on-site parking available, ensuring that residents and their guests have convenient and secure places to park their vehicles. This is a significant advantage in the region and adds to the attractiveness of the property for prospective tenants. Additionally, the presence of a laundry room out back offers an added layer of convenience for residents. This shared facility means that tenants do not need to leave the comfort of their complex for laundry services, adding to the appeal of the apartments. For local business owners, this property represents a strategic investment in the future of their enterprise. With the challenge of securing affordable housing being a key factor in employee retention, owning this apartment building could be a decisive move to ensure the stability and longevity of your workforce. New owner can apply for affordable housing units and if awarded by the city would be able sell the 4 market rates off which are currently going for approx. 200k each. Inquire for details. By providing your employees with a comfortable and convenient place to live, you can foster loyalty and reduce the turnover that often plagues businesses in high-demand living areas. In summary this investment offers a rare blend of steady income potential and strategic benefits for business owners.
Exterior Features

Above Flood No Construction CBS Dockage None Land Size Less Than 1/4 Acre Pool YN No Roof Combo Roof Shutters BahamaPanel Side Ocean Stories 2 Stories Style Multi-Units Vehicle Storage Off Street ParkingOpen Parking Vehicle Storage Cars 4+ Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances MicrowaveRefrigeratorRangeOven Cooling Heating Ceiling Fans(s)Wall/Window Unit(s) Furnished Unfurnished Specialty Rooms Utility Room Windows Doors Single Hung Windows

Property Features

Assoc Fee 0.00 Assoc Hoa YN No Assoc Right Of Refusal No Auction No Bank Owned No Bank Owned Financial Status No City MARATHON Control Depth 0 Deed Restrictions Unknown Fee Includes None Flood Zone AE-7 Listing Board Marathon/Lower Keys Mile Marker 48.50 Min Rental Days 7.00 Pets Pets Allowed Potential Short Sale No Potential Short Sale Financial Status No Public Sewer Hookup Yes Rentals Allowed Yes Species List No Sq Ft Source Property Data Card Tax Exemptions None Tax Year 2023 Taxes 8429.49 Utilities Elect Separate MeterMunicipal SewerFKAA Zoning RH - Residential High

Listing courtesy of Samuel Williams of Coldwell Banker Schmitt Real Estate Co.: (305) 743-5181.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than The Mullins Team | Coldwell Banker Schmitt Real Estate Company are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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The Mullins Team | Coldwell Banker Schmitt Real Estate Company
1201 White Street, Suite 101
Key West FL, 33040