57642 Overseas Highway, Marathon, FL 33050
Description
Supplements: Notice: This property was affected by Hurricane Irma. Once a determination has been done regarding the degree of damage and consideration is made for insurance claims the price will be adjusted. Pictures are pre-Irma. This Oceanfront Transient Rental Duplex offers so many options... as Income Property or Vacation Home with substantial income to offset expenses. Adjacent to an 8 room Hotel (also offered @ $2.5 mil MLS #572800), receives fabulous overflow of guests from the Hotel, and is perfect for Family Retreats and Weddings. See supplement for more details. Please do not visit the property without an appt. Suite 1 is a 3 bedroom 1 bath oceanfront, turn key, fully furnished rental. Suite 2 is 2 bedrooms and 1 bath oceanfront, turn key, fully furnished rental. There is a large pool and damaged from the storm. See Supplement for more information. Notes from the Sellers of Historical Information. The income for 2015 was $122,237.81 The yearly occupancy was 62% The utilities are as follows... Water - $3404.29 Electric - $6682.18 Cable - $1200 Internet - $720 We sometimes take care of it ourselves but if we do not the fee for grass cutting and edging is $100 each time which would vary upon seasons. And the pool service to once a week come and check, clean and add chemicals to the pool is $160/month. We are still completing our Quick Books so repairs, supplies and housekeeping are not included at this time. However we did not have any major repairs in 2015. Insurances... Flood - $8194.00 Wind - $2862.83 Liability - $1834.88 (this is shared with our other company)(this is the amount we a lot to the Beach House) Property Taxes $8500 approximately if paid by January
