$555,000

About This Property

****Taking BACKUP Offers!!**** nvestor's Dream Duplex with Endless Possibilities – Prime Location in Naples This exceptional property, situated on an oversized corner lot of 0.41 acres, offers incredible potential for investors. Zoned for multi-unit development, it provides the flexibility to expand or redevelop. The current duplex consists of 2,392 Sq Feet with VAULTED ceilings a 3-bedroom, 2-bath unit on one side, and a 2-bedroom, 1-bath unit on the other. Built in Year 2000 with durable concrete block construction, the property ensures minimal maintenance. Recent updates include a new roof installed in 2019, new gutters added in 2023, and new AC units for the 3-bedroom (2021) and 2-bedroom (2024) units. Both units feature all-tile floors for easy maintenance, and each has a long driveway with additional parking space. The large front and back yards offer ample room for outdoor activities or future expansion. Currently generating $4,713 per month in rental income with year-long leases in place, the property is located in a highly desirable area with a steady rental market. It boasts direct access to Sugden Regional Park and Bayshore Drive, with shopping, dining, food trucks, and the Naples Botanical Garden nearby. A public boat launch is just down the road. The location is particularly attractive to short-term or vacation rental opportunities, as it is directly across from Avalon Elementary School and the Naples Pickleball Center, which features 64 courts and hosts the World Championship stadium. With zoning approval for multi-unit development, the property offers unlimited potential for redevelopment. Investors can capitalize on the high demand for rental properties in the area, converting the property into a quadplex or additional units. It also presents an opportunity for short-term rentals catering to the growing pickleball community or for creating a unique rental community with options for Airbnb or long-term tenants. The duplex is also good for snowbirds to stay in one unit and to rent the other to cover costs. This property represents a unique investment opportunity in one of the most desirable areas of Naples, offering steady income, strong potential for future appreciation, and multiple avenues for rental income, including annual, seasonal, or short-term rentals. The possibilities for redevelopment and income generation are endless.

infoProperty Details

Property Type

Duplex

Year Built

2000

Lot Size

0.41 acres

Bedrooms

5

Bathrooms

3

Days on Market

24

Cumulative DOM

77

List Date

Nov 19, 2024

Sold Date

chairInterior Features

yardExterior & Lot

Mortgage calculator

Estimate excludes taxes, insurance, HOA dues, PMI, lender fees, and financial advice.

Listed By

McQuaid & Company LLC

239-300-4880