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10833 2nd Avenue Gulf Avenue

Marathon, FL 33050
  • $979,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 620847
UPDATED: 37 min ago
$979,000
  • 5
    BEDS
  • 0.1
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,111
    SQFT
  • $464
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Description

SELLER FINANCING AVAILABLE | TURNKEY INCOME TRIPLEX IN THE HEART OF MARATHON Welcome to a fully renovated, income-producing triplex in one of the Florida Keys' most sought-after markets. With three updated units generating consistent revenue in gross rental income, this is a rare turnkey opportunity for investors -- or a smart way for an owner-occupant to live for free while collecting rent from the other two units. The Property: Unit 1 -- 2BR/1BA, spacious layout, modern open-concept interior, currently leased Unit 2 -- 2BR/1BA, fully renovated, currently leased Unit 3 -- Efficiency unit with well-equipped kitchenette, ideal for a single tenant or short-term renter, currently leased All units are fully updated, tenants are on flexible month-to-month leases (ideal for a buyer who wants immediate cash flow with future flexibility), and ample on-site parking makes this property easy to manage. Prime Marathon location puts residents minutes from shops, restaurants, and everything the Middle Keys lifestyle has to offer. Bonus: A Letter of Determination with 3 rights is available, and the seller is offering financing with $500,000K down over a 5 year term at a competitive rate -- a major advantage in today's rate environment. Whether you're building a rental portfolio or looking for owner-occupied income property in the Keys, this triplex checks every box. Schedule your private showing today -- inventory like this doesn't last in Marathon.

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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 Key West Luxury Real Estate Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keywestluxuryrealestateinc.com/homes/179714218
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10833 2nd Avenue Gulf Avenue Marathon, FL 33050

  • Price: $979,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 37 min ago
  • MLS #: 620847
5
Beds
3
Baths
0
½ Baths
0.1
Acres
2,111
SQFT
$464
$/SQFT
1959
Built
Neighborhood:
Key Colony Sub (53.0)
County:
Monroe
Area:
15 - Sombrero Bch Rd To Vaca Cut Gulfside
Property Description
SELLER FINANCING AVAILABLE | TURNKEY INCOME TRIPLEX IN THE HEART OF MARATHON Welcome to a fully renovated, income-producing triplex in one of the Florida Keys' most sought-after markets. With three updated units generating consistent revenue in gross rental income, this is a rare turnkey opportunity for investors -- or a smart way for an owner-occupant to live for free while collecting rent from the other two units. The Property: Unit 1 -- 2BR/1BA, spacious layout, modern open-concept interior, currently leased Unit 2 -- 2BR/1BA, fully renovated, currently leased Unit 3 -- Efficiency unit with well-equipped kitchenette, ideal for a single tenant or short-term renter, currently leased All units are fully updated, tenants are on flexible month-to-month leases (ideal for a buyer who wants immediate cash flow with future flexibility), and ample on-site parking makes this property easy to manage. Prime Marathon location puts residents minutes from shops, restaurants, and everything the Middle Keys lifestyle has to offer. Bonus: A Letter of Determination with 3 rights is available, and the seller is offering financing with $500,000K down over a 5 year term at a competitive rate -- a major advantage in today's rate environment. Whether you're building a rental portfolio or looking for owner-occupied income property in the Keys, this triplex checks every box. Schedule your private showing today -- inventory like this doesn't last in Marathon.
Exterior Features

Architectural Style [] Construction Materials Concrete Dockage None Exterior Features [] Parking Features [] Patio And Porch Features [] Pool Features [] Pool Private YN No Roof Other Roof View [] Waterview No Waterview Window Features [] Windows Doors Impact Rstnce Window

Interior Features

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

Property Features

Association Fee 0 Association Fee Includes None Association YN No Association1st Right Of Refusal No Building Features [] Community Features [] Control Depth 0 Deed Restricts No Electric [] Flood Zone AE Frontage Type [] Green Energy Generation [] Green Water Conservation [] Land Size Less Than 1/4 Acre Listing Terms Seller Finance Psble Marathon Nbhd Marathon East - Gulf (Airport to Vaca) Mile Marker 53 Min Rental Days 7 Off Shore Island YN No Other Equipment [] Other Structures [] Pets Allowed Yes Property Condition [] Property Sub Type Multi-Units Public Sewer Hookup Yes Rental Allowed Yes Security Features [] Special Licenses [] Tax Annual Amount 6477.69 Tax Legal Description LT 5 KEY COLONY SUBDIVISION NO 1 KEY VACA PB3-107 OR48-199 OR174-200 OR950-389 OR2650-1282 OR2810-827 Tax Year 2025 Utilities [] Utilities Info FKAA Water Source [] Waterfront None Waterfront Features [] Waterfront YN No Zoning RM - Residential Medium

Listing courtesy of Kristin Herold of Coldwell Banker Schmitt Islamorada: 305-664-4470.


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 Key West Luxury 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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Key West Luxury Real Estate Inc
619 Eaton Street, #2
Key West FL, 33040