10833 2nd Avenue Gulf Ave, Marathon, FL 33050

$979,000
5
BD
3
BA
2,111
SqFt

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List Price
$979,000
MLS#
620847
Status
ACTIVE
Island
Marathon
County
Monroe
City
Marathon
Area
Sombrero Bch Rd to Vaca Cut Gulfside
Subdivision
Key Colony Sub (53.0)
Neighborhood
15 - Sombrero Bch Rd to Vaca Cut Gulfside
Bedrooms
5
Bathrooms
3
Living Area
2,111
Acres
0.10
Year Built
1959
Days on Market
0

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.

Additional Information

Taxes
$6,477
Appliances
Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave
Roof
Other
Zoning
RM - Residential Medium

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Listing Courtesy Of Coldwell Banker Schmitt Islamorada, Contact: 305-664-4470