500 22nd Street $1,295,000

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    500 22nd Street Marathon, FL 33050

    • 8 Beds
    • 4 Baths
    • 2,780 sq. ft.
    • Multi-Family
    • MLS# 599200
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    Views: 0 Days On Site: 5

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    Property Details

    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.

    • General Features
      • Acreage 0.14
      • Square Footage 2,780
      • Style Multi-Units
      • As Is Right to Inspect Yes
      • Fee Includes None
      • Key Island Marathon
      • Off Shore Island No
      • Pets Pets Allowed
      • Subdivision R & R Subdivision (48.5)
      • Rentals Allowed Yes
      • Taxes $6,039
      • Tax Exemptions None
      • Tax Year 2021
      • Terms No Seller Finance
      • Deed Restrictions No
    • Building Features
      • Accessibility Feat None
      • Appliances Dryer, Oven, Range, Washer
      • Cooling Heating Ceiling Fans, Window/Wall Unit
      • Floor Tile Floor
      • Furnished Unfurnished
      • Stories 2 Stories
    • Room Features
      • Specialty Rooms Utility Room
    • Property Features
      • Garage/Parking Off Street Parking
      • Pool No
      • Pre-Wired Cable
      • Dockage None
      • Security Patrolled Area
      • Side Ocean
      • Water View No Waterview
      • Waterfront Property No
      • Waterfront Type None
      • Utilities Elect Separate Meter, FKAA
      • Pub Sewer HkUp Yes
      • Zoning RH - Residential High

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    Neighborhood

    33050 (Marathon) Demographics

    49 Median Age
    199 Population Density (per sq. mile)
    39% College Educated
    $57,537 Estimated Median Income
    2,320 Estimated Total Home Owners
    1,795 Estimated Total Renters
    56% / 44% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    9,443 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $877,000 Median Sales Price
    31 Homes Sold
    40 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,295,000
        1/14/2022 5:34:00 PM New in Database Source: Multiple Listing Service New Value: $1,295,000

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        Listing information is provided in part by the Internet Data Exchange (IDX) program of the Florida Keys Board of REALTORS®, Inc. The information on this website 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. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2022 Florida Keys Board of REALTORS®, Inc. All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.