$1,065,000

About This Property

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.

infoProperty Details

Property Type

Quadruplex

Year Built

1974

Lot Size

0.69 acres

Bedrooms

8

Bathrooms

4

Days on Market

3

Cumulative DOM

43

List Date

Jun 7, 2022

Sold Date

chairInterior Features

yardExterior & Lot

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

Listed By

Beycome of Florida LLC

844-239-2663