212 Lindahl Street

MARATHON, FL 33050

  • 6 Bed(s)
  • 8 Bath(s)
  • 7,932 Sqft
$1,249,000

Description

Discover an exceptional unique investment opportunity in the heart of marathon. this sprawling 8,292-square-foot property showcases six income-generating residential 1 bed / 1 bath apartments and two 2 very tall and spacious (3,000+ sq. ft) warehouse/storage buildings (former airplane hangars) w/ half baths in each. the annual rent roll is currently $118,200 with occupancy rates consistently near 100% across many years (and without ever increasing rent rates to our loyal long-term tenants). based on the appraisal (included in the listing), the market will support a rent roll of $153,286. the property's versatile layout presents numerous possibilities for generating rental income, with separate living spaces that can accommodate long-term tenants or short-term rentals. a distinctive feature of this property is its industrial capabilities, including warehouse space (airplane hangars), offering unique potential for both residential and commercial ventures.perfectly positioned in the middle keys, this property provides easy access to local amenities including the marathon international airport, numerous bars and restaurants, shopping, public transportation, and the renowned sombrero beach area. the lack of reasonable housing in the keys ensures that this property is always in high demand to potential renters, and we see very little turnover for our long-term tenants. this property conveys with 2 affordable building rights with an option to take over 4 additional in the queue for approval. located in a certified opportunity zone, there are significant tax benefits to the potential buyer. whether you're seeking a lucrative investment property, a unique residential compound with additional warehouse/storage capabilities, or an income-generating property with the potential to create the most impressive man cave in the keys, this versatile property delivers exceptional value in one of florida's most desirable locations.

  • Property Type

    Multi-family

  • County

    Monroe

  • Style

    Multi-Units

  • AD ID

    48943605

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Property Details

  • Bedroom Information

    • Total Bedrooms : 6

    Bathroom Information

    • Total Baths: 8
    • Full Baths: 6
    • Half Baths: 2

    Interior Features

    • Appliances : Dryer,Disposal,Range,Refrigerator,Dishwasher

    Roofing Information

    • Metal Roof

    Heating & Cooling

    • Cooling: Wall/Window Unit(s)
    • Heating: Separate Meters
    • Water Front: No
    • None
    • No Waterview

  • Building Information

    • Year Built: 1971
    • Total Units: 8.00
    • Floor Location: 11761
    • Construction: CBS,Concrete
    • Roof: Metal Roof

  • Lot Information

    • Lot SqFt: 11,761
    • Lot SqFt Source: Property Data Card
    • PT LOT 15 PT DISCLAIMED PETER JAY ST INDUSTRIAL SUBD PB3-132 KEY VACA OR106-144 OR353-259 OR400-584 OR1225-1609 OR3038-0

    Property Information

    • SQ ft (Living Area): 7,932
    • View: No Waterview
    • Subdivision: Industrial Sub (52.5)
    • Stories: 2 Stories

  • Listing Price Information

    • List Price: $1,249,000

  • Tax Information

    • Taxes: $10,554
    • Tax Year: 2024
    • Parcel Number: 00333370-000000
    • Tax Exemptions : None

  • Virtual Tour

    Multi-Unit Information

    • Pets Allowed: Pets Allowed

    Homeowners Association Information

    • Mandatory Home Owners Asc : No
    • 1st Right of Refusal : No
    • Association Fee $0.00

  • Utility Information

    • FKAA,Water Separate Meter,Municipal Sewer
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BuyOwner last updated this listing 03/28/2025 @ 22:24

  • MLS: 614155
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Florida Keys MLS, Inc.

is a Multifamily, with 6 bedrooms which is for sale, it has 7,932 sqft, 0 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Duck , in zip code 33050, this Monroe County Multifamily , it is in the Center Island (Toms Harbor) (61.0) Subdivision, and are nearby neighborhoods.