500 22nd Street, Unit 14
$1,899,000
8
4
2,780
2,780
$683
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.
- Listed by Samuel Davis Williams • Coldwell Banker Schmitt Real Estate Co.
Property Details for 500 22nd Street, Unit 14
Waterfront
None
WaterfrontNo
ZoningRH - Residential High
SubdivisionR & R Subdivision (48.5)
DirectionsOcean Side, turn on 22nd Street. Apartment building is 3/4 of the way down the street on the left hand side.
Vehicle StorageOpen Parking, Off Street Parking
PetsPets Allowed
LISTING UPDATED: 12/05/2024 07:59 AM
Property Details for 500 22nd Street, Unit 14
Status | Active |
---|---|
MLS # | 609777 |
Days on Market | 240 |
Taxes | $8,429 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential / Multi-Units |
Year Built | 1973 |
Lot Size | 0.14 AC / 6,002 SF |
County | Monroe 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
Property History for 500 22nd Street, Unit 14
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 12 | |||
Charter - | PK to 5 | |||
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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