308 Sombrero Beach Rd Marathon, FL 33050

OFF-MARKET

Apartment buildings

Property ID

US18-5106194

Built 1974

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This exceptional two-story, 1974-built apartment building in Marathon, Florida (33050), presents a rare investment opportunity. Located at 308 Sombrero Beach Rd, this property boasts a prime location directly on a lighted walking and biking path leading to Sombrero Beach. The duplex features fully renovated kitchens and bathrooms, complete with furnishings and equipment. Enjoy the convenience of a 50-foot concrete dock with deep-water canal access, reaching open water in approximately 15-20 minutes. Outdoor amenities include a hot tub, gazebo, BBQ area, and hammock, perfect for relaxation. Hurricane impact windows and doors provide peace of mind. Both units are currently licensed for vacation rentals, offering immediate income potential. The property is situated in a desirable location with no HOA fees. This turnkey investment is ready for immediate occupancy and rental income generation, representing a unique opportunity in the highly sought-after Florida Keys market. The asking price is $1,495,000.

Property type Apartment buildings

Year built 1974

UPID US18-5106194

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

308 Sombrero Beach Rd Marathon, FL 33050

Marathon metro

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