3920 Louisa StreetMARATHON,
Florida FL33050
StatusClosed
Sold Date7/14/2023
Bedrooms4
Total Baths3
Full Baths3
SqFt
3,220
Acres
0.230
CountyMonroe
SubdivisionMarathon Beach (49.0)
Year Built1975
Property TypeResidential
Property Sub TypeMulti-family
Description
Redevelopment opportunity with THREE building rights (a.k.a. ROGO's), and possibly a 4th on a 10,000 sq ft lot in area that is being revitalized. MU zoning allows a multitude of uses for this redevelopment opportunity. According to the MLS, a same sized lot in MU zoning with ZERO building rights recently closed in Marathon for $246K & a single building right just closed in a separate transaction for $200K. Do the math. Located Gulfside just off of US Hwy 1 & close to newly renovated Baptist Fisherman's Hospital, Marathon Community Park, Marathon Airport, plus marinas, schools & shopping. Building has been deemed unsafe by City of Marathon & must be demo'd by buyer. DO NOT attempt to enter building. Once demo'd, you will be starting with a clean slate. This is an estate sale, building & lot being sold As Is. There will be no repair & no clean up by sellers. Currently three ROGO's recognized & Seller working with City of Marathon to confirm 4th. Refer to link for zoning details: 'https://library.municode.com/search?stateId=9&clientId=12861&searchText=zoning '
Property Sub Type
Multi-family
Property Type
Residential
Subdivision
Marathon Beach (49.0)
Year Built
1975
Zoning
MU - Mixed Use Commercial Mixed Use
SqFt Source
Tax Records
Stories
2 Stories
Above Flood
Unknown
Construction
Concrete
Control Depth
0
Dockage
None
Flood Zone
AE,AE
Land Size
Less Than 1/4 Acre
Lot Size
200 X 50
Lot SqFt
10000
Pool
no
Pub Sewer Hook Up
no
Side
right
Style
Multi-Units
Total Units
3
Vehicle Storage
Off Street Parking
Vehicle Storage: Car(s)
4+
Waterfront
no
Waterfront Type
None
Waterview
No Waterview
Area
13 - 7 Mile Bridge to Sombrero Bch Rd E & W
Key/Island
Marathon
Marathon Neighborhood
Old Town East (25th to Sombrero)
Mile Marker
49
Parcel Number
00337360-000000
Pets
Pets Allowed
Property Condition
Fixer Upper
Utilities
Buyer to Verify, Sewer Available
1st Right of Refusal
no
As Is/Right To Inspect
yes
Bank Owned
no
Deed Restrictions
Unknown
Fee Includes
None
Financial Status: Auction
No
Financial Status: Bank Owned
no
Financial Status: Potential Short Sale
no
Financial Status: Standard Sale
Yes
HOA
no
Legal
BK 5 LT 12 MARATHON BEACH PB2-21 OR457-967 OR1180-1766 OR1206-1908D/C OR1243-2064 OR2102-1406ORD OR2102-1407/10WILL OR21
Potential Short Sale
no
Rentals Allowed
With Restrictions
Tax Exemptions
None
Tax Year
2022
Taxes
5586.75
©2024 Florida Keys MLS, Inc. The data relating to real estate for sale on this web site comes in part from the Florida Keys Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Information is deemed reliable but not guaranteed. Data last updated: Thursday, March 28th, 2024 at 05:44:07 AM.
#IDX-primaryPhoto,#idx-details-headerListed by: Berkshire Hathaway Knight & Gardner (305) 879-7355