Marathon, FL 33050
MLS# 579996
Status: Closed
1 beds | 1.1 baths | 750 sqft
Property Description
CUSTOM CONDO REBUILD! Once in a lifetime investment opportunity at Ocean Isles Fishing Village. Condominium units substantially damaged from Hurricane Irma have been demolished and are poised for redevelopment. These original studio apartments are slated to be rebuilt as 2 story 1 bedroom, 1.5 bath elevated apartments totaling approximately 750 sq (375 sq feet per floor). Total estimated cost to rebuild each of the units is $140,000.00. Seller will assign any and all interest in and to insurance proceeds and FEMA funds in the approximate amount of $42,000,$7,250, respectively. These units include all of the amenities associated with the condominium association including, but not limited to, swimming pool, docks,& recreation center. Images are as-is, changes possible during build.
Listing Office: Century 21 Island Life BPK
Last Updated: October - 05 - 2021
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