Don't miss this opportunity to own an income-producing legal fourplex in the heart of the Keys. There are three studio apartments downstairs that are fully rented at $1,250 per month and a two-bedroom one-bath apartment upstairs rented for $1,550. The city recognizes this as a legal multi-unit and offers four transferable building rights to be used in Marathon. That's right four of them. The TBR letter has been recorded and available for review. The possibilities are endless with this multi-unit. You could drop in a pool and make this a small boutique hotel with 7-day rentals or sell off some of the building rights to recoup some cash. A new roof, freshly painted, and other updates make this an excellent investment. One of the owners is a licensed agent in Florida.
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