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Key Details
Sold Price $1,065,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,994 sqft
Price per Sqft $266
Subdivision Gulf Shores
MLS Listing ID 222043624
Sold Date 07/20/22
Style Other,Ranch,One Story
Bedrooms 8
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1974
Annual Tax Amount $5,645
Tax Year 2021
Lot Size 0.690 Acres
Acres 0.69
Lot Dimensions Survey
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
Community Gulf Shores
Area Na08 - Royal Harbor-Windstar Are
Rooms
Bedroom Description NaN
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Tile
Fireplace No
Window Features Other
Exterior
Exterior Feature Deck, Patio
Community Features Non- Gated
Amenities Available None
Waterfront Description None
Water Access Desc Public
Roof Type Metal
Porch Deck, Patio
Garage No
Private Pool No
Building
Lot Description See Remarks
Sewer Public Sewer
Water Public
Architectural Style Other, Ranch, One Story
Structure Type See Remarks,Stucco
Construction Status Resale
Others
Pets Allowed No
Senior Community No
Tax ID 61835680003
Acceptable Financing Cash
Listing Terms Cash
Financing Conventional
Pets Allowed No
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Bought with William Raveis Real Estate