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10833 2nd Avenue Gulf Avenue, Marathon, FL 33050

Marathon
Local realty services provided by:CENTURY 21 Circle
10833 2nd Avenue Gulf Avenue,Marathon, FL 33050
$898,000
  • 5 Beds
  • 3 Baths
  • 2,111 sq. ft.
  • Multi-family
  • Active
Listed by: kristin herold
Office: coldwell banker schmitt islamorada
MLS#:620847
Source:FL_FKBOR

Price summary

  • Price:$898,000
  • Price per sq. ft.:$425.39

About this home

LETTER OF DETERMINATION WITH 3 RIGHTS | SELLER FINANCING | INCOME-PRODUCING TRIPLEX IN MARATHON Building rights are the scarcest asset in the Florida Keys, and this property comes with a Letter of Determination confirming 3 rights. That makes it an opportunity to hold, improve, or reposition a triplex in the Middle Keys with the entitlements already documented. Seller financing is available: $500,000 down over a 5-year term at a competitive rate, a real advantage in today's rate environment. The Property: Three fully renovated units, all currently leased: Unit 1: 2BR/1BA, spacious layout, modern open-concept interior Unit 2: 2BR/1BA, fully renovated Unit 3: Efficiency with a well-equipped kitchenette, ideal for a single tenant or short-term renter Tenants are on flexible month-to-month leases, which gives a buyer immediate cash flow and room to change course later. Ample on-site parking keeps the property easy to manage. Location: In the heart of Marathon,...

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Home facts

  • Year built:1959
  • Subdivision & Development:Key Colony Sub (53.0)
  • Listing ID #:620847
  • Added:91 day(s) ago
  • Updated:November 03, 2026 at 05:50 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Living area:2,111 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans(s), Wall/Window Unit(s)

Structure and exterior

  • Year built:1959
  • Building area:2,111 sq. ft.
  • Lot area:0.1 Acres
  • Construction Materials:Concrete

Finances and disclosures

  • Price:$898,000
  • Price per sq. ft.:$425.39
  • Tax amount:$6,477

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