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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
Subdivision Gulf Shores
MLS Listing ID 222043624
Sold Date 07/20/22
Style See Remarks
Bedrooms 8
Full Baths 4
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 Na08 - Royal Harbor-Windstar Are
Zoning 1
Direction Use the 2 left lanes to turn to the left towards Bayshore Dr. 0.2 mi Continue straight through Bayshore Dr 0.4 mi Tour to the Right with direction to Lakeview Dr The destination is on the left.
Interior
Heating Central Electric
Cooling Central Electric
Flooring Tile
Window Features Other
Exterior
Community Features None, Non-Gated
Utilities Available Cable Available
Waterfront Description None
Roof Type Metal
Porch Deck, Patio
Private Pool No
Building
Lot Description See Remarks
Faces Use the 2 left lanes to turn to the left towards Bayshore Dr. 0.2 mi Continue straight through Bayshore Dr 0.4 mi Tour to the Right with direction to Lakeview Dr The destination is on the left.
Story 1
Sewer Central
Water Central
Architectural Style See Remarks
Level or Stories 1 Story/Ranch
Structure Type See Remarks,Stucco
New Construction No
Others
Tax ID 61835680003
Acceptable Financing Cash
Listing Terms Cash
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Bought with William Raveis Real Estate