Opportunities abound! Don't miss this chance to own an income-producing legal quadplex in the heart of the Florida Keys. This turn-key multi-unit features three studio apartments downstairs and a two-bedroom, one-bath apartment upstairs. Currently, apartments 2 and 3 are rented. There is the option to rent apartment 1 and the two bedroom apartment on the 2nd floor prior to closing. If all four are rented, the total gross revenue should be about $7500 per month. The City of Marathon recognizes four transferable building rights on this property. The TBR letter has been recorded and is available for review. The possibilities are endless with this multi-unit. Drop in a pool and make this a small boutique hotel with minimum seven-day rentals allowed. Apartments 1,3, and 4 are furnished and accessorized, just bring a toothbrush and enjoy. This property is complete with a new roof, freshly painted, and other updates, making this an excellent investment.
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