WorkspaceDiscoverMultifamily · Marathon · Monroe County
10833 2nd Avenue Gulf, Marathon
Three-unit offering advertised with month-to-month tenants. Current MLS display updated September 28 shows $898,000; the older August broker page shows $979,000. Rent amounts are not disclosed.
Recorded status: Public listing page: for sale; confirm current availability. Checked: .
Dated listing record · recheck availability and legal unit count.
- Asking price
- $898,000
Monthly rent · Scenario: Not reported
Assumptions behind these estimates
Starting values for this brief. Change any of them in the interactive brief; your changes stay in your browser. Default values
| Input | Value | Basis |
|---|---|---|
| Total scheduled rent per month | Not set | Needs your estimate |
| Vacancy (%) | 5% | Matches planning allowance |
| Management (% of collected rent) | 8% | Matches planning allowance |
| Maintenance (% of total rent) | 5% | Matches planning allowance |
| Buyer annual tax assumption (% of price) | 2% | Matches planning allowance |
| Annual insurance | $8,460 | Matches planning allowance |
| Annual owner-paid utilities | $3,600 | Matches planning allowance |
| Monthly HOA or condo fees | $0 | Matches source observation |
| Other annual operating expenses | $1,800 | Matches planning allowance |
| Capital reserves (% of total rent) | 3% | Matches planning allowance |
| Down payment (%) | 100% | Matches planning allowance |
| Mortgage rate (%) | 7% | Matches planning allowance |
Unit mix & possession
Two 2-bedroom / 1-bath units plus an efficiency; all advertised on month-to-month leases.
- Reported units
- 3
- Reported listing area
- 2,111 sq ft
- Asking / reported sq ft
- $425
- HOA / month
- $0
- Historical property tax / year
- $6,478
- HOA + historical tax / month
- $540
$540/month goes to reported HOA and historical tax alone. Rental income would have to cover this plus the remaining ownership costs.
HOA + historical tax only. Excludes insurance, assessments, upkeep and financing; buyer taxes can change.
Broker info & key considerations To confirm
- Seller claims a Letter of Determination for three rights; the document and rental permissions have not been inspected.
- Source URL contains a historical 10829 unit address; current page heading and MLS 620847 describe the whole 10833 triplex. Confirm the deed and exact offering.
- Lot-area fields conflict, so no lot size is imported. Seller financing requires written rate, amortization and maturity terms.
Source evidence and diligence
Financial figures observed Sep 29, 2026. Reported income is not audited collections. Editable estimates, financing and saved assumptions are separate from these source facts.
Gross rental yield basis
Needs supported whole-property rent or your rent assumption and a positive asking price. Unknown rent is not zero.
Sources
- Public listing / MLS 620847 · source reviewed 29 Sep 2026Source observation · Sep 29, 2026
- Older broker display / MLS 620847 · August 4 data, $979,000 superseded by September 28 displaySource observation · Sep 29, 2026
Questions to resolve
- Obtain executed leases, collection history and tenant estoppels before relying on income or possession.
- Verify permitted use, association obligations, assessments, buyer taxes and insurance costs.
Similar properties
- 3962–3964 No Name Rd, Big Pine Key: 2-unit multifamily, asking $925,000
- 1306-1308 51st Street Gulf, Marathon: 2-unit multifamily, asking $990,000
- 285 66th St #A & B, Marathon: 2-unit multifamily, asking $750,000
Florida property research
Research scope includes Miami-Dade, Broward, the Florida Keys and Flagler County. Published observations vary by market.
[1] Gross yield excludes costs and financing. Source figures are unverified; estimates use editable assumptions. Check current listing availability. County records are separate from listings. Saves stay in this browser; export a backup before clearing site data. Sources & methods