10833 2nd Avenue Gulf Avenue,MARATHON, FL 33050
MARATHON, FL 33050
Description
LETTER OF DETERMINATION WITH 3 RIGHTS | SELLER FINANCING | INCOME-PRODUCING TRIPLEX IN MARATHON Building rights are the scarcest asset in the Florida Keys, and this property comes with a Letter of Determination confirming 3 rights. That makes it an opportunity to hold, improve, or reposition a triplex in the Middle Keys with the entitlements already documented. Seller financing is available: $500,000 down over a 5-year term at a competitive rate, a real advantage in today's rate environment. The Property: Three fully renovated units, all currently leased: Unit 1: 2BR/1BA, spacious layout, modern open-concept interior Unit 2: 2BR/1BA, fully renovated Unit 3: Efficiency with a well-equipped kitchenette, ideal for a single tenant or short-term renter Tenants are on flexible month-to-month leases, which gives a buyer immediate cash flow and room to change course later. Ample on-site parking keeps the property easy to manage. Location: In the heart of Marathon, minutes from shops, restaurants, and everything the Middle Keys lifestyle offers. Who It's For: Investors building a rental portfolio, or an owner-occupant who wants to live in one unit and let the other two help cover the cost of ownership. Schedule your private showing today. Properties with documented building rights and owner financing don't come along often in Marathon.
Details
| MLS # | 620847 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 57 |
| Listing Provided By | Coldwell Banker Schmitt Islamorada | Kristin Herold |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,111 |
| Zoning | RM - Residential Medium |
| Acreage | 0.10 |
| Water Front | None |
| Property View | No Waterview |
Taxes
| Property | 6477 |
|---|
Area Information
| State | FL |
|---|---|
| County | Monroe |
| City | MARATHON |
| Zip Code | 33050 |
| Area | 15 Sombrero Bch Rd to Vaca Cut Gulfside |
| Community Name | Key Colony Sub (53.0) |
| Listing VS Median (in Key Colony Sub (53.0)) | |
Price: $898,000 low | high Med: $944,000 sqft: 2,111 low | high Med: 1,677 $ / sqft: $425 low | high Med: $611 On site: 57 low | high Med: 40.5 | |
Market Activity 33050
Request a showing
Request a showing
The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
Contact
Learn More About This Property
| State | FL |
|---|---|
| County | Monroe |
| City | MARATHON |
| Zip Code | 33050 |
| Area | 15 Sombrero Bch Rd to Vaca Cut Gulfside |
| Community Name | Key Colony Sub (53.0) |
| Listing VS Median (in Key Colony Sub (53.0)) | |
Price: $898,000 low | high Med: $944,000 sqft: 2,111 low | high Med: 1,677 $ / sqft: $425 low | high Med: $611 On site: 57 low | high Med: 40.5 | |
