New Listing
10881 7th Avenue Gulf,MARATHON, FL 33050
MARATHON, FL 33050
Description
Duplex opportunity in the heart of Marathon with two legal addresses: 10881 7th Avenue Gulf and 10883 7th Avenue Gulf. This updated DUPLEX offers excellent flexibility for investors, owner occupants, or those looking to live in one unit and rent the other. The first floor residence features 3 bedrooms, 2.5 baths, a private entrance, its own patio area, separate laundry, and separate electric and water meters. It is currently rented for $3,700/month on a month to month basis, with the tenant open to a one year lease. The second floor unit offers 1 bedroom, 1 bath, its own private staircase and entrance, a dedicated outdoor sitting area, separate laundry, and separate utility meters. The upstairs unit is currently vacant and was most recently rented for $3,000/month, providing demonstrated combined rental potential of approximately $6,700/month or $80,400 annually. The property has been renovated and updated and offers exceptional parking for 5+ vehicles, with ample room for cars, boats, trailers and more. Adding even more value, approved plans convey with the sale for a substantial two-story garage and storage building at the rear of the property. The approved design includes approximately 2,768 sq. ft. of enclosed space, with a 1,440 sq. ft. shared garage on the first floor and additional dedicated and shared storage areas, two bathrooms, and mechanical space upstairs. A rare opportunity to combine strong rental income, separate living spaces, extensive parking, and future garage/storage potential, all offered at $1,200,000.
Details
| MLS # | 621548 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 7 |
| Listing Provided By | Coldwell Banker Schmitt Real Estate Co. | Jesus Parra |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 1,888 |
| Units | 2 |
| Zoning | RM - Residential Medium |
| Acreage | 0.22 |
| Water Front | None |
| Property View | Open Water View |
Taxes
| Property | 6356 |
|---|
Area Information
| State | FL |
|---|---|
| County | Monroe |
| City | MARATHON |
| Zip Code | 33050 |
| Area | 15 Sombrero Bch Rd to Vaca Cut Gulfside |
| Community Name | Key Colony Sub (53.0) |
| Listing VS Median (in Key Colony Sub (53.0)) | |
Price: $1,200,000 low | high Med: $990,000 sqft: 1,888 low | high Med: 1,242 $ / sqft: $636 low | high Med: $797 On site: 7 low | high Med: 40 | |
Market Activity 33050
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The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
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Learn More About This Property
| State | FL |
|---|---|
| County | Monroe |
| City | MARATHON |
| Zip Code | 33050 |
| Area | 15 Sombrero Bch Rd to Vaca Cut Gulfside |
| Community Name | Key Colony Sub (53.0) |
| Listing VS Median (in Key Colony Sub (53.0)) | |
Price: $1,200,000 low | high Med: $990,000 sqft: 1,888 low | high Med: 1,242 $ / sqft: $636 low | high Med: $797 On site: 7 low | high Med: 40 | |
