$1,200,000
Multi Family
For Sale
Closed at $1,065,000
$300.45/sf
Closed - Multi Family for sale
Note: This property is not currently for sale or for rent on beycome. The description below may be from a previous listing.
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 ¾ 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. Interior walkthroughs only follow mutually accepted offers. Listing agent is the owner, please reach out directly for more information.
MLS: #222043624
* School data provided by National Center for Education Statistics, and GreatSchools. Intended for reference only. The GreatSchools Rating is based on a variety of school quality indicators, including test scores, college readiness, and equity data. To verify enrollment eligibility, contact the school or district directly.
What will my commute be?
Status: Closed
Listed Date: 05/24/2022
Days On Market: 893
Lot Size (Acres): 0.69
Lot Size (Square Feet): 30000
Availability Date: 2022-06-07
Association Amenities: Ceiling Fan, Cable Ready, Lawn, Washer in building, Balcony/Patio, Dishwasher, Shutters, BBQ
Parking Total: 8
Year Built: 1974
Flooring: 11
Utilities: 1
Parcel Number: 61835680003