$136,000

About This Property

Looking for a source of passive income? Look no further! This fully furnished unit can be purchased for personal use or as a passive investment opportunity. It's currently enrolled in the hotel management program, which means all of your leasing and maintenance will be expertly handled for you. Although currently unoccupied, the previous long-term tenant paid below market rates for the last 10 years, resulting in a net revenue of $12,990 in 2022. The new owner has the chance to unlock the full income-generating potential of this property. This unit is ideally located just one mile away from the pristine white sandy beaches of Naples and 5th Avenue. You'll be able to indulge in all the delights of the Gulfcoast Inn, a dream vacation destination that offers resort-style amenities such as a pool, spa, and tiki bar. Imagine having the opportunity to vacation in paradise at your convenience while also offsetting your costs by renting it out hassle-free. This investment opportunity is truly a rare find. Don't miss out on the chance to own an affordable unit this close to all the wonderful things Naples has to offer!

infoProperty Details

Property Type

Low Rise (1-3)

Year Built

1970

Living Area

279 sqft

Bedrooms

1

Bathrooms

1

Garage Spaces

0

Ownership

Condo

Days on Market

91

Cumulative DOM

chairInterior Features

yardExterior & Lot

Mortgage calculator

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

Listed By

Royal Shell Real Estate, Inc.

239-261-9101