$1,899,000
 $10,194 forsale estimated payment Sourced by Back At You

500 22nd Street Ocean, 1-4 , MARATHON, FL 33050

MARATHON, FL 33050

Sharewithfriend

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.

Details

Mls609777
Listing TypeFor Sale
StyleAttachd
Suite Number1
SubtypeResale
StatusActive
Year1973
Days On Site218
Listing Provided ByColdwell Banker Schmitt Real Estate Co. | Samuel Davis Williams

Features

Beds8
Baths 4 Total
Sq Feet2,780
ZoningRH - Residential High
Acreage0.14
Water FrontNone
Property ViewNo Waterview

Market Activity 33050

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.

The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

Realtor Mls Logo PNG Vector (EPS) Free Download

Request A Showing

Request A Showing

Loading Form
Listings Checked: 1 minute ago
StateFL
CountyMonroe
CityMARATHON
Zip Code33050
Area13 7 Mile Bridge to Sombrero Bch Rd E & W
Community NameR & R Subdivision (48.5)
Listing VS Median (in R & R Subdivision (48.5))
Price:
$1,899,000
low | high
Med:
$1,897,000
50.105318588731% of Average
SqFt:
2,780
low | high
Med:
2,490
60.431654676259% of Average
$ / SqFt:
$683
low | high
Med:
$772
36.951266216669% of Average
On Site:
218
low | high
Med:
398.500000
54.705144291092% of Average
Sourced by Back At You
Listing Updated: December 1, 2024 at 5:37:20 AM PST