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Address Not Available By Request

Marathon, FL 33050
  • $1,800,000
  • STATUS: Active
  • ON SITE: 324 Days
  • MLS #: 615113
UPDATED: 51 min ago
$1,800,000
  • 4
    BEDS
  • 1.85
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,017
    SQFT
  • $597
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

Position yourself at the gateway to one of the most sought after markets in the Keys. This prime multi-family complex offers not just immediate income potential, but long term upside with redevelopment or expansion. Property is in a high demand location with direct access to US-1/Overseas Highway. The property features two sturdy concrete block structures. The first building contains a three-bedroom, two-bathroom residence. The second building is designed as a duplex with two efficiency studio units, each with its own bathroom. This property has three residential property rights. Whether your vision is a multifamily expansion, a mixed use waterfront property, or a strategic land banking, this is a rare chance to own a contiguous property package in Marathon. Additional purchase opportunity to own the adjacent parcel and submerged land rights giving savvy buyers the ability to control and develop a larger footprint. Buy one. Add the rest. Control the block.

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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 Coastal Collection Real Estate Inc. are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.buythekeys.com/homes/164064923
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Address Not Available By Request Marathon, FL 33050

  • Price: $1,800,000
  • Status: Active
  • On Site: 324 Days
  • Updated: 51 min ago
  • MLS #: 615113
4
Beds
4
Baths
0
½ Baths
1.85
Acres
3,017
SQFT
$597
$/SQFT
1950
Built
Neighborhood:
Driftwood Estates (54.0)
County:
Monroe
Area:
18 - East Of Holiday Inn Us #1 & Coco Plum
Property Description
Position yourself at the gateway to one of the most sought after markets in the Keys. This prime multi-family complex offers not just immediate income potential, but long term upside with redevelopment or expansion. Property is in a high demand location with direct access to US-1/Overseas Highway. The property features two sturdy concrete block structures. The first building contains a three-bedroom, two-bathroom residence. The second building is designed as a duplex with two efficiency studio units, each with its own bathroom. This property has three residential property rights. Whether your vision is a multifamily expansion, a mixed use waterfront property, or a strategic land banking, this is a rare chance to own a contiguous property package in Marathon. Additional purchase opportunity to own the adjacent parcel and submerged land rights giving savvy buyers the ability to control and develop a larger footprint. Buy one. Add the rest. Control the block.
Exterior Features

Architectural Style [] Attached Garage YN No Construction Materials Concrete Dockage None Exterior Features Fencing Parking Features OpenRV Access/ParkingStorage Patio And Porch Features [] Pool Features [] Pool Private YN No Roof Concrete RoofOther Roof Vehicle Storage Open ParkingGuest ParkingRV Parking OpenTrailer Storage View [] Waterview Ocean ViewOpen Water ViewHarbor/Marina View Window Features []

Interior Features

Accessibility Features [] Appliances RefrigeratorRangeMicrowave Cooling Wall/Window Unit(s)Ceiling Fans(s) Cooling YN Yes Flooring [] Interior Features [] Laundry Features [] Levels Ground Level Rooms Total 0

Property Features

Above Flood Unknown Association Fee 0 Association Fee Includes SewerWater Association YN No Association1st Right Of Refusal No Building Features [] Community Features [] Control Depth 0 Deed Restricts Unknown Electric [] Flood Zone AE Frontage Type [] Green Energy Generation [] Green Water Conservation [] Land Size 1 Less Than 2 Acres Listing Terms CashConventionalOther Specify Marathon Nbhd Coco Plum Mile Marker 54 Min Rental Days 7 Other Equipment [] Other Structures [] Pets Allowed Yes Property Condition [] Property Sub Type Multi-Units Public Sewer Hookup Yes Rental Allowed With Restrictions Security Features [] Special Licenses [] Tax Annual Amount 14064.08 Tax Legal Description LOT 2 DRIFTWOOD ESTATES PB2-132 FAT DEER KEY OR527-841 OR886-957 OR1068-1148 OR1159-280 OR1159-1004 OR1273-115 OR1599-1 Tax Year 2024 Title Negotiable Utilities Elect Separate Meter Utilities Info FKAAMunicipal SewerBuyer to VerifyElect Separate Meter Water Source [] Waterfrnt Yes Waterfront OceanfrontOpen Water Waterfront Features [] Waterfront YN Yes Zoning MU - Mixed Use Commercial Mixed Use

Listing courtesy of Stephany Duvall of Engel & Völkers Marathon: .


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 Coastal Collection Real Estate Inc. are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Coastal Collection Real Estate Inc.
422 Fleming St Suite 7
Key West FL, 33040