1 Kyle Way S - Apartments FOR SALE


Marathon, FL 33050
$10,500,000 USD
305-394-9020
1 Kyle Way S, Marathon, FL for Sale
$10,500,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

1 Kyle Way S
Marathon, FL 33050


OVERVIEW

This is a once in a lifetime opportunity in Marathon and in the entire Florida Keys. 28 units with spectacular Atlantic Ocean views at the south of Marathon next to the brand new Isla Bella Resort. This property which was previously a timeshare that is being dissolved has amazing possibilities to a boutique exclusive resort to a developer's dream conversion for a sell out of the units. There is nothing like this in the Keys that has been available in the last 20 years. The property sustained hurricane damage and is ready for it's next chapter for the right Buyer. This will absolutely not last.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$238 USD /SF

# OF UNITS

28

PRICE/UNIT

$375,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hawks Nest Marathon

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

RH - Residential High

APN/PARCEL ID

00319600-000000

ASK ABOUT THIS PROPERTY

Will LangleyBerkshire Hathaway Knight & Gardner RealtyMore Info
305-394-9020

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Will LangleyBerkshire Hathaway Knight & Gardner RealtyMore Info
305-394-9020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.