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500 22nd Street

Marathon, FL 33050
  • $1,250,000
  • STATUS: Closed
  • ON SITE: 127 Days
  • MLS #: 599200
Sold - 05/17/2022
$1,250,000
SOLD - 05/17/2022
  • 8
    BEDS
  • 0.14
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,780
    SQFT
  • $450
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Ratings & Info

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.

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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 Truman & Co. are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.myplacekeywest.com/homes/124771789
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500 22nd Street Marathon, FL 33050

  • Price: $1,295,000
  • Status: Closed
  • On Site: 127 Days
  • Updated: 34 min ago
  • MLS #: 599200
8
Beds
4
Baths
0
½ Baths
0.14
Acres
2,780
SQFT
$450
$/SQFT
1973
Built
Neighborhood:
R & R Subdivision (48.5)
County:
Monroe
Area:
13 - 7 Mile Bridge To Sombrero Bch Rd E & W
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.
Exterior Features

Above Flood Unknown Construction Concrete Dockage None Land Size Less Than 1/4 Acre Pool YN No Side Ocean Stories 2 Stories Style Multi-Units Vehicle Storage Off Street Parking Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances DryerOvenRangeWasher Cooling Heating Ceiling FansWindow/Wall Unit Floor Tile Floor Furnished Unfurnished Pre Wired Cable Specialty Rooms Utility Room

Property Features

Accessibility Features None Assoc Fee 0.00 Assoc Hoa YN No Assoc Right Of Refusal No City Marathon Control Depth 0 Deed Restrictions No Fee Includes None Flood Zone Ae Listing Board Marathon/Lower Keys Mile Marker 48.50 Min Rental Days 7.00 Off Shore Island No Pets Pets Allowed Public Sewer Hookup Yes Rentals Allowed Yes Security Patrolled Area Species List No Sq Ft Source Property Data Card Tax Exemptions None Tax Year 2021 Taxes 6039.60 Terms CashConventionalNo Seller Finance Title Negotiable Utilities Elect Separate MeterFkaa Zoning Rh - Residential High

Listing courtesy of Mallory Pinto of Ocean Sotheby's International Realty.


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 Truman & Co. are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Truman & Co.
1205 Truman Avenue
Key West FL, 33040