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    OFF-MARKET
    Small apartment buildings

    104 52Nd Street Ocean, Marathon, FL 33050

    Built 2001
    Property ID
    US18-8258100
    Property summary
    AI-generated overview

    This exceptional 2001-built multifamily property in Marathon, Florida, presents a lucrative investment opportunity. Located at 104 52nd Street Ocean, this stunning waterfront property boasts breathtaking views and direct access to the Atlantic Ocean via a wide canal. The property includes a substantial 174-foot dock and a semi-private boat ramp, easily accommodating four or more boats or even a yacht. Currently operating as a highly successful, licensed short-term vacation rental, this turnkey business generates a six-figure annual income. The property is completely furnished and priced well below a recent appraisal. The main residence features three large bedrooms, each with its own ensuite bathroom and ample storage. This luxurious property offers the perfect blend of tranquil retreat and profitable business venture in the heart of the Florida Keys' deep-sea fishing capital, making it an ideal investment for discerning buyers seeking a high-return property with exceptional amenities and stunning ocean views. The property is situated in Monroe County, Florida, zip code 33050. The asking price is $1,447,000. This is a multifamily property, specifically categorized as an apartment building, duplex/triplex/quadruplex, and includes retail space.

    Property profile
    Verified
    Property type Small apartment buildings
    Year built 2001
    UPID US18-8258100
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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