Price Change History: +18.76% ($300,000) 1 Price Change : Last Change 92 Days Ago
500 22Nd Street Ocean #1-4, FL - MARATHON
8 Beds, 4 Baths (full), Multi-Units
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.
Listing Summary for 500 22nd Street Ocean #1-4
Price:
$1,899,000
Bedrooms:
8
Bathrooms:
4
Half Baths:
n/a
Square Footage:
2,780
Lot Sq. Ft.:
n/a
Year Built:
1973
Property Type:
Multi-family
Sub-Type:
Multi-Units
MLS® #:
609777
Status:
Active
Address:
500 22nd Street Ocean #1-4#1-4
City:
Marathon
State:
FL
Zip:
33050
County:
Monroe
Key:
Marathon
Side of Island:
Ocean
Community:
R & R Subdivisiondivision
Mile Marker:
48.50
Tax Year:
2023
Date Listed:
04-29-2024
Additional Information
Is Waterfront:
No
Waterfront Type:
None
View
No Waterview
Has Pool:
No
Pool Info:
n/a
Short Sale:
No
Foreclosure:
No
Pets:
Pets Allowed
Docakge Type:
None
Dockage Length:
n/a
Dockage Seawall:
n/a
Dockage Construction:
n/a
Security:
n/a
Building Construction:
CBS
Similar Listings For Sale to 500 22nd Street Ocean #1-4
R & R Subdivisiondivision Marathon Real Estate For Sale
The information being provided by the Florida Keys MLS is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. The MLS data provided for the property above (609777) is provided courtesy of (Coldwell Banker Schmitt Real Estate Co.). Data last updated on 11-26-2024.
