Position yourself at the gateway to one of the most sought after markets in the Keys. This prime multi-family complex offers not just immediate income potential, but long term upside with redevelopment or expansion. Property upland area is 39,500 sq. ft. lot, plus 0.46 acres of sensitive area in a high demand location with direct access to US-1/Overseas Highway. The property features two sturdy concrete block structures. The first building contains a two-bedroom, two-bathroom residence. The second building is designed as a duplex with two efficiency studio units, each with its own bathroom. This property comes with four residential property rights. Whether your vision is a multifamily expansion, a mixed use waterfront property, or a strategic land banking, this is a rare chance to own a contiguous property package in Marathon. Additional purchase opportunity to own the adjacent parcel and submerged land rights giving savvy buyers the ability to control and develop a larger footprint. Buy one. Add the rest. Control the block.
- Address Address Unlisted
- City
- Key Marathon
- County Monroe
- Zip 33050
-
Price
$2,200,000
($729 / SqFt) - Status Active
- Subdivision Driftwood Estates (54.0)
- Community Driftwood Estates (54.0)
- Pets Allowed Pets Allowed
- MLS® # 615113
- Property Type Multi-family
- Property Sub TypeMulti-Units
- Status Active
- Square Feet 3,017
- Year Built 1950
- Waterfront Yes
- Maintenance Fees No Info Provided
- Taxes $14,064
- Tax Year 2024