500 22nd Street

500 22nd Street, MARATHON, FL 33050
Sold

About 500 22nd Street, MARATHON FL

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.

Contact Listing Agent - Mallory Pinto

LISTING AGENT

Mallory Pinto

Global Real Estate Advisor

For 6 years, she was an outside sales representative for an industrial manufacturing company covering Florida and South Georgia.
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Amenities

Interior

Total Bedrooms:

8

Total Bathrooms:

4

Full Bathrooms:

4

Flooring:

Tile Floor

Appliances:

Dryer, Oven, Range, Washer

Exterior & Building

Stories:

2

Utilities:

Elect Separate Meter, FKAA

Air Conditioning:

Ceiling Fans, Window/Wall Unit

Security Features:

Patrolled Area

Financial Details

Sales Price:

$1,250,000

Real Estate Tax:

$6,040/yr

HOA Fees:

$0.00

Zoning:

RH - Residential High

Area & Lot

Status:

SOLD

Living Space:

2,780 Sq.Ft.

Lot Size:

0.14 Acres

MLS® ID:

599200

Type:

RESIDENTIAL

Year Built:

1973

Architecture Styles:

Multi-Units

Water Frontage:

No

View Description:

No Waterview

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