5 Beds
3 Baths
2,111 SqFt
5 Beds
3 Baths
2,111 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,111 sqft
Price per Sqft $425
Subdivision Key Colony Sub (53.0)
MLS Listing ID 620847
Style Above Flood
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1959
Annual Tax Amount $6,477
Tax Year 2025
Lot Size 4,428 Sqft
Acres 0.1
Lot Dimensions X
Property Sub-Type Multi-Units
Land Area 2111
Property Description
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.
Location
State FL
County Monroe
Area 15 - Sombrero Bch Rd To Vaca Cut Gulfside
Zoning RM - Residential Medium
Interior
Cooling Wall/Window Unit(s), Ceiling Fans(s)
Window Features Impact Rstnce Window
Appliance Dryer, Washer, Dishwasher, Microwave, Oven, Refrigerator
Exterior
Utilities Available FKAA
Waterfront Description None
Roof Type Other Roof
Garage No
Private Pool No
Building
Architectural Style Above Flood
Others
HOA Fee Include None
Tax ID 00333710-000000
Pets Allowed Yes