$1,065,000
$1,200,000
11.3%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
0.69 Acres Lot
SOLD DATE : 07/20/2022
Key Details
Sold Price $1,065,000
Property Type Single Family Home
Sub Type Ranch,Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Gulf Shores
MLS Listing ID 222043624
Sold Date 07/20/22
Bedrooms 8
Full Baths 4
HOA Y/N Yes
Originating Board Naples
Year Built 1974
Annual Tax Amount $5,645
Tax Year 2021
Lot Size 0.690 Acres
Acres 0.69
Property Description
Fully occupied income producing 4-PLEX investment opportunity in Naples! 3 of 4 units on long term leases at market rents. You have the option to owner-occupy the 4th unit (this tenant month to month lease.) Prime location on Lakeview Drive, quietly tucked away off of trendy Bayshore Dr, near Celebration Park. A 5 minute drive or 10 minute bike ride to the beach, 5th Ave South, Old Naples, and Naples Pier. Spacious 2 bedroom/ 1 bath units with washer/ dryer connections, individual storage, and covered lanai areas. Building has new exterior paint, landscaping, newer vinyl windows & sliding doors with storm shutters, & was completely re-plumbed pex piping in 2017. 3 units have had major interior upgrades such as newer kitchens, appliances, bathroom vanity and shower upgrades. 4th unit currently undergoing upgrades. UPSIDE POTENTIAL for additional income includes future rental rate increases as well as potential to run as a seasonal or short-term rental given proximity to the beach. Large acre lot, lots of parking. Do not disturb the tenants. All tenants responsible for electrical expenses. Landlord responsible for water & sewer. Great cap rate based on location and rent roll.
Location
State FL
County Collier
Area Gulf Shores
Zoning 1
Interior
Heating Central Electric
Flooring Tile
Fireplace No
Heat Source Central Electric
Exterior
Amenities Available None
Waterfront No
Waterfront Description None
Roof Type Metal
Porch Deck, Patio
Garage No
Private Pool No
Building
Lot Description See Remarks
Water Central
Architectural Style Ranch, Quadraplex
Structure Type See Remarks,Stucco
New Construction No
Others
Pets Allowed No
Senior Community No
Tax ID 61835680003
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Bought with William Raveis Real Estate
720 5th Ave South, Suite 201, Naples, Florida, 34102, United States