500 22nd Street, Marathon, FL 33050

$1,295,000
8
BD
4
BA
2,780
SqFt
List Price
$1,295,000
MLS#
599200
Style
Multi-Units
Status
ACTIVE
Island
Marathon
County
Monroe
City
Marathon
Area
13 - 7 Mile Bridge to Sombrero Bch Rd E & W
Subdivision
R & R Subdivision (48.5)
Bedrooms
8
Bathrooms
4
Living Area
2,780
Acres
0.14
Year Built
1973

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.

Additional Information

Taxes
$6,039
Construction
Concrete
Flooring
Tile Floor
Furnished
Unfurnished
Appliances
Dryer, Oven, Range, Washer
Heating and Air
Ceiling Fans, Window/Wall Unit
Pets
Pets Allowed
Parking Description
Off Street Parking
Waterview Description
No Waterview
Waterfront Description
None
Side
Ocean
Zoning
RH - Residential High
Flood Zone
AE
Mile Marker
48.5
Min Rental Days
7
Terms
Cash, Conventional, No Seller Finance

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Ocean Sotheby's International Realty.