500 22nd Street Ocean 1-4, MARATHON, FL


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Square feet



About 500 22nd Street Ocean 1-4

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.

Features of 500 22nd Street Ocean 1-4

MLS® # 609777
Price $1,599,000
Bedrooms 8
Bathrooms 4.00
Full Baths 4
Square Footage 2,780
Acres 0.14
Year Built 1973
Type Residential
Sub-Type Multi-Units
Status Active

Community Information

Address 500 22nd Street Ocean 1-4
Area 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
Subdivision R & R Subdivision (48.5)
County Monroe
State FL
Zip Code 33050


Utilities Elect Separate Meter, Municipal Sewer, FKAA
Parking Spaces 4
Parking Off Street Parking, Open Parking
View No Waterview
Is Waterfront No
Waterfront None
Has Pool No


Appliances Microwave, Refrigerator, Range, Oven
Cooling Ceiling Fans, Window/Wall Unit
Fireplace No
Stories 2 Stories


Lot Description Less Than 1/4 Acre
Windows Single Hung Windows
Roof Combo Roof
Construction CBS

Additional Information

Date Listed April 29th, 2024
Days on Market 30
Zoning RH - Residential High
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentSamuel Williams
OfficeColdwell Banker Schmitt Real Estate Co.

Listing Map

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