500 22nd Street, Unit 14

Marathon, FL 33050

$1,899,000
Price
8
Beds
4
Baths
2,780 Sq. Ft.
$683 / Sq. Ft.
2,780
Sq. Ft.
$683
per Sq. Ft.
a car parked in front of a house
a view of a house with a yard
a view of a house with a backyard
a front view of a house with patio
a living room with furniture and kitchen view
a view of a patio with couches and potted plants
a front view of a house with a yard
a utility room with dryer and washer
a living room with furniture and a wooden floor
a bathroom with a sink toilet and shower
a kitchen with a refrigerator and a stove
a bathroom with a sink a toilet and shower
a bedroom with a bed and a window
a bathroom with a toilet and a sink
a view of car parked in parking
a view of car parked in front of a building
a front view of a house with parking area
a car parked in front of a building
a wooden bench sitting in the middle of a yard
a view of a backyard of the house
a view of a house with patio

Description

A unique investment gem optimally positioned in the heart of the Florida Keys. This four-unit apartment building presents a fantastic opportunity for investors or business owners seeking employee housing solutions. Each of the four apartments in this building offers a comfortable living space with two bedrooms and one bathroom. Long-term tenants are currently in place. The separate metering of electricity for each unit is a thoughtful touch, allowing tenants to manage and pay for their own usage,...A unique investment gem optimally positioned in the heart of the Florida Keys. This four-unit apartment building presents a fantastic opportunity for investors or business owners seeking employee housing solutions. Each of the four apartments in this building offers a comfortable living space with two bedrooms and one bathroom. Long-term tenants are currently in place. The separate metering of electricity for each unit is a thoughtful touch, allowing tenants to manage and pay for their own usage, which is a benefit for both the landlord and the tenants alike. Parking is often at a premium in the Keys, but not at this property. There is ample on-site parking available, ensuring that residents and their guests have convenient and secure places to park their vehicles. This is a significant advantage in the region and adds to the attractiveness of the property for prospective tenants. Additionally, the presence of a laundry room out back offers an added layer of convenience for residents. This shared facility means that tenants do not need to leave the comfort of their complex for laundry services, adding to the appeal of the apartments. For local business owners, this property represents a strategic investment in the future of their enterprise. With the challenge of securing affordable housing being a key factor in employee retention, owning this apartment building could be a decisive move to ensure the stability and longevity of your workforce. New owner can apply for affordable housing units and if awarded by the city would be able sell the 4 market rates off which are currently going for approx. 200k each. Inquire for details. By providing your employees with a comfortable and convenient place to live, you can foster loyalty and reduce the turnover that often plagues businesses in high-demand living areas. In summary this investment offers a rare blend of steady income potential and strategic benefits for business owners.
  1. Listed by Samuel Davis Williams • Coldwell Banker Schmitt Real Estate Co.

Property Details for 500 22nd Street, Unit 14

Waterfront
None
Waterfront
No
Zoning
RH - Residential High
Subdivision
R & R Subdivision (48.5)
Directions
Ocean Side, turn on 22nd Street. Apartment building is 3/4 of the way down the street on the left hand side.
Vehicle Storage
Off Street Parking, Open Parking
Pets
Pets Allowed
LISTING UPDATED: 08/24/2024 10:05 AM

Property Details for 500 22nd Street, Unit 14

StatusActive
MLS #609777
Days on Market205
Taxes$8,429 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Multi-Units
Year Built1973
Lot Size0.14 AC / 6,002 SF
CountyMonroe County

Building Information for 500 22nd Street, Unit 14

Stories2Residences-Year Built1973Building Size-Lot Size0.14 AC / 6,002 SF

Property Information for 500 22nd Street, Unit 14

Summary
Location and General Information
  • Waterview: No Waterview
  • Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
  • Absolute Longitude: 81.102742
  • Control Depth: 0
  • Listing Board: Marathon/Lower Keys
  • Side: Ocean
  • Mile Marker: 48.5
  • Marathon Neighborhood: Old Town East (25th to Sombrero)
  • Key/Island: Marathon
Owner
  • Owner Name: Republic Fourplex Llc
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: No
  • Association Info: 1st Right of Refusal: No
  • Fee Includes: None
  • Furnished: Unfurnished
  • Tax Year: 2023
  • Tax Exemptions: None
Property
Lot Information
  • Acres: 0.14
  • Parcel #: 00102830-000100
  • Land Size: Less Than 1/4 Acre
Property and Assessments
  • Legal: 9 66 32 KEY VACCA PT GOV LT 2 ADJ AND S OF LT 6 BLK B R AND R SUBD
  • MLS Approved: Y
  • Bank Owned: No
  • Limited Representation: No
  • SqFt Source: Property Data Card
  • Flood Zone: AE-7
  • Rentals Allowed: Yes
  • Deed Restrictions: Unknown
  • Picture Count: 22
  • Document Count: 0
  • Building Style: Above Flood: No
Utilities
  • Utilities: Elect Separate Meter, Municipal Sewer, FKAA
  • Pub Sewer HkUp: Yes
  • Species List: No
  • Pool: No
Interior and Exterior Features
Interior Features
  • Appliances: Microwave, Refrigerator, Range, Oven
Exterior Features
  • Roof: Combo Roof
  • Shutters: Bahama, Panel
  • Construction: CBS
  • Dockage: None
  • Windows/Doors: Single Hung Windows
Room Information
  • Specialty Rooms: Utility Room

Property History for 500 22nd Street, Unit 14

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 500 22nd Street, Unit 14

Taxable ValueLand$252,063Additions$411,283Total$663,346
Tax Record2023$8,429 ($702 / month)
Home Facts
Baths4Total Finished SqFt2,780 SqFtAbove Grade Finished SqFt2,780 SqFtStories2Lot Size6,001 SqFtStyleMulti-Family Dwelling (2-4)Year Built1973Year Renovated2003CountyMONROEAPN00102830-000100

Schools near 500 22nd Street, Unit 14

This home is within Monroe.
Rating
School
Type
Grades
Distance
Stanley Switlik Elementary School
Public - PK to 5
Marathon School
Public - 6 to 12
Big Pine Academy
Charter - PK to 5
Treasure Village Montessori Charter School
Charter - PK to 8
Rating
School
Distance
Stanley Switlik Elementary School
PublicPK to 5

Marathon School
Public6 to 12

Big Pine Academy
CharterPK to 5

Treasure Village Montessori Charter School
CharterPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 500 22nd Street, Unit 14, Marathon, FL 33050

500 22nd Street, Unit 14 is a multi-family home for sale in Marathon, FL 33050. This property was listed for sale on April 24, 2024 by Coldwell Banker Schmitt Real Estate Co., it's currently listed at $1,899,000. It has been on the market for a total of 205 days and was last sold on May 17, 2022. This listing's school district is Monroe. Nearby schools include Stanley Switlik Elementary School, Marathon School and Big Pine Academy. 500 22nd Street, Unit 14 is a 8-bed, 4-bath, 2,780 sqft multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Schmitt Real Estate Co.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.