RARE OPPORTUNITY to own the only waterfront QUAD on market in Naples in years! The fun Sanibel inspired newly painted exterior is just the beginning of the improvements that will make this Key West style compound a unique tropical paradise that you and your tenants will want to return to season after season. Of course this property also lends itself to numerous development opportunities as well with its' fabulous location near Naples Bay Resort and Olde Naples. Keep your boats and vessels at the new docks on canal directly in back just a few feet from the wide waters of Naples Bay and the Gulf. As the owner of all 4 units you can decide whether to rent by the week, the month or the year, with or without pets! Additional rental income can be provided from the boat slips. Keep the most updated unit for yourself and rent the other 3 for as much as $4000/month or more! 2 of the four units have been freshly painted and have new carpeting. The lanais in all four units were just painted in addition to exterior. All units are occupied with varying structures and waitlists forming for off-season and next year! Please do not walk lot without contacting listing agent!
Truly a Cash Flow Dream in a Great Location!! The property consists of 7 units (2 Duplex and 3 Single Family Homes) just a few minutes away from the beach, downtown and the mall. All units currently fully occupied with long term excellent paying tenants. Long time owners are ready to sell. Units are very well maintained and little upkeep is required. All tenants have annual leases with deposits. The property is running at over 7% Cap Rate at full asking price! Do the math. This could be your one time opportunity to own this property. Call listing agent for financial details and a private showing.