212 Lindahl St Marathon, FL 33050
6
Beds
8
Baths
7,932
Sq Ft
0.27
Acres
Highlights
- Airplane Hangar
- No HOA
- 4 Car Garage
- Coral Shores High School Rated A
About This Home
As of April 2025Discover 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.
Last Agent to Sell the Property
Keystime Vacation Rentals License #3245704 Listed on: 03/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,554
Year Built
- Built in 1971
Home Design
- 7,932 Sq Ft Home
- Metal Roof
- Pre-Cast Concrete Construction
Kitchen
- Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
Parking
- 4 Car Garage
- Off-Street Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Separate Meters
- Public Hookup Available For Sewer
Additional Features
- Dryer
- Airplane Hangar
- 0.27 Acre Lot
Listing and Financial Details
- Assessor Parcel Number 00333370-000000
Community Details
Overview
- No Home Owners Association
- 8 Units
- Industrial Sub Subdivision
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 13, 2025
Closed on
Apr 17, 2025
Sold by
212 Lindahl Llc
Bought by
Renly Kevin and Renly Julie
Seller's Agent
Edward Nolan
Keystime Vacation Rentals
Buyer's Agent
Edward Nolan
Keystime Vacation Rentals
List Price
$1,249,000
Sold Price
$1,000,000
Premium/Discount to List
-$249,000
-19.94%
Views
3
Purchase Details
Closed on
Jul 30, 2020
Sold by
Jules I Beckwitt Revocable Trust and Jules I Beckwitt Revocable Tru
Bought by
212 Lindahl Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Marathon, FL
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,200,000 | None Listed On Document | |
| Warranty Deed | $962,500 | Law Offices Of Thomas D Wright |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $600,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2025 04/22/25 | Sold | $1,000,000 | -19.9% | $126 / Sq Ft |
| 03/19/2025 03/19/25 | Pending | -- | -- | -- |
| 03/13/2025 03/13/25 | For Sale | $1,249,000 | -- | $157 / Sq Ft |
Source: Marathon and Lower Keys Association of REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,229 | $377,796 | $260,512 | $117,284 |
| 2023 | $3,229 | $349,160 | $227,948 | $121,212 |
| 2022 | $2,907 | $284,032 | $162,820 | $121,212 |
| 2021 | $3,075 | $286,579 | $162,820 | $123,759 |
| 2020 | $2,579 | $274,272 | $162,820 | $111,452 |
| 2019 | $2,318 | $234,398 | $133,495 | $100,903 |
| 2018 | $1,984 | $189,153 | $83,622 | $105,531 |
| 2017 | $1,812 | $166,961 | $0 | $0 |
| 2016 | $2,269 | $208,563 | $0 | $0 |
| 2015 | $2,320 | $214,870 | $0 | $0 |
| 2014 | $2,374 | $214,509 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Edward Nolan
E
Seller's Agent in 2025
Edward Nolan
Keystime Vacation Rentals
(239) 269-4806
3 Total Sales
Map
Source: Marathon and Lower Keys Association of REALTORS®
MLS Number: 614155
APN: 00333380-000000
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