$1899000 Price Analysis    ♡   Marathon, FL 33050 8 bed 4 bath 2780 SqFt ($683/SqFt) 6002SqFt lot. Built 1973 Listed 2024-04-29, Taxes $6697 | Ⓧ USDA Ineligible due to price & location near Marathon |
A unique investment gem optimally positioned in the heart of the Florida Ke ys.
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. Brand new owner can apply for affordable housing units and if awarded by the city wuld 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.
Presented by Sam Williams at
Coldwell Banker Schmitt Real Estate Co.
Property MLS #609777 from Marathon
Full Bathrooms: 4
Microwave
Oven
Range
Furnished Description: Unfurnished
Window Features: Single Hung Windows
Lot Size Square Feet: 6002
Garage Description: Open Parking, Off Street Parking
Calculated Total Monthly Association Fees: 0
Pet Description: Pets Allowed
Source Listing Status: Active
County: Monroe
Directions: Ocean Side, turn on 22nd Street. Apartment building is 3/4 of the way down the street on the left hand side.
Tax Year: 2023
Source Property Type: Multi-family
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
Source Neighborhood: R & R Subdivision (48.5)
Parcel Number: 00102830-000100
Subdivision: R & R Subdivision (48.5)
Zoning: RH - Residential High
Property Subtype: Multi-Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $461267 | $6697 |
| 2021 | $310947 + $108387 $419334 | $6039 |
| 2020 | $311027 + $86962 $397989 | $5743 |
| 2019 | $319643 + $79970 $399613 | $5744 |
| 2018 | $326112 + $79970 $406082 | $5630 |
| 2017 | $330636 + $72588 $403224 | $5487 |
| 2016 | $287445 + $72792 $360237 | $5240 |
| 2015 | $292673 + $27849 $320522 | $4959 |
| 2014 | $unknown + $unknown $309545 | $4985 |
| 2013 | $unknown + $unknown $281405 | $4756 |
| 2012 | $unknown + $unknown $255823 | $4395 |
| 2011 | $unknown + $unknown $237795 | $5946 |
| 2010 | $unknown + $unknown $332946 | $6938 |
| 2009 | $unknown + $unknown $310489 | $6435 |
| 2008 | $unknown + $unknown $503281 | $5371 |
| 2007 | $unknown + $unknown $469116 | $4799 |
$1899000
Marathon
Listed 2024-04-29
$1599000
Marathon
Sold 2022-05-17
$1250000
Marathon
Listing removed 2020-07-22
$480000
Marathon
Listing removed 2020-07-16
$480000
FloridaKeys
Sold 2011-10-21
$289000
Public Record
Sold 2003-11-13
$500000
Public Record
Listing removed 2002-12-07
$480000
FloridaKeys
Listing removed 2002-12-07
$480000
Marathon
Listed 2002-06-07
$480000
FloridaKeys
Listed 2002-06-07
$480000
Marathon
Sold 2000-08-16
$175000
Public Record
Sold 1990-02-07
$173000
Public Record
Sold 1990-01-01
$173000
Public Record
Sold 1988-05-02
$135000
Public Record
Sold 1983-10-01
$108000
Public Record
Year Built: 1973
Construction Materials: CBS
Living Area Source: Property Data Card
Property Age: 51
Roof: Combo Roof
Levels or Stories: 2
Elect Separate Meter
Municipal Sewer
Map directions Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.