*Being sold with 4200 Gulfstream Dr, MLS #219053998. A total of 6 units. All with individual PID's and the HOA is already in place. Interesting opportunity with potential upside for Investor. Keep as rentals with excellent cash flow, GRI $94,500, NOI 69,800, or sell individually as condos. Unit interiors are all spacious and desirable 2 bedroom, 2 baths with individual laundry, patios and screened lanais. Exteriors are attractive with good curb appeal and lots of green space and landscaping. Cap rate of 7% at current rents. Long term tenants paying an average of $1300 per month. Rents could easily be increased to $1500 per month with potential exist strategy of selling as condos. Great Investment Opportunity. Contact me for more information

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  • Listing Type Multi-Family
  • Listing ID 219053997
  • Bedrooms 12
  • Bathrooms 12
  • Lot Size 0.67 acres
  • Listing Status Active
  • Year Built 1982
  • County Collier County
  • Full Bath 12
  • Subdivision Spanish Villas
  • Floors 1
  • Units 6
  • Zoning 0
  • Taxes 5820.0
  • TaxID 74710040001
  • TaxYear 2018
Listing courtesy of Naples Beach & Bay Realty Inc

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Price History

Date Listed at or
8/14/2019 $999,900 $900
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