x
Waterfront
Address
4520 Gulfstream Dr Naples, FL
Price
$ 2,750,000
Property Attributes
  • MLS#219032889
  • TypeIncome
  • CountyCOLLIER
  • CityNaples
  • AreaNA18 - N-O Rattlesnake Hammock
  • NeighborhoodNaples South
  • Zip34112
  • StyleGarden Apt
  • Year Built1969
  • Taxes2488
  • Price$ 2,750,000
  • Bedrooms14
  • Full Bathrooms14
  • Half Bathrooms0
  • Lot Size0.51 Acres
Listing Provided Courtesy Of:
Island Life Realty LLC
Property Description

Attention Investors! This is your chance to own one of the only remaining cash cows in Naples. This property features 14 rental units all with full kitchens, ceramic tile floors, and fully furnished. All rooms have been completely remodeled over the past few years. Many improvements have been made to the property such as commercial gauge metal roofs with a 50-year lifespan installed only a few years ago, seamless gutters, brick pavers, white-pvc privacy fence, metal doors, landscaping, state-of-the-art video surveillance system, to many upgrades to list! Owners have long-term tenants paying rent weekly, versus monthly. This property has huge verifiable income as it currently operates, but if converted over to a full scale daily Inn, which it is licensed for, the income could easily be increased to over $500,000+ annually. Or keep the property the way it is and Net $206K+ annually with little to no management. This property is without a doubt the best income property to come for sale in Naples in a very long time. Located minutes to Downtown Naples, 5th Avenue Shops & Restaurants, the Naples Beach & Pier. Call to schedule your private tour today!

Price History
5/1/2019 Listed $3,100,000
7/17/2019 12% - $2,750,000

General Features

Amenities None
Community Type Non-Gated
Construction Concrete Block
Cumulative Days on Market 81
Development NAPLES SOUTH
Development Name NAPLES SOUTH
Pets Allowed Y/N No Approval Needed
Property Type Residential Income
Section 18
Status Active
Subdivision NAPLES SOUTH
Tax Year 2018
Taxes 2488.00
Terms Buyer Finance/Cash
Year Built 1969
Zoning Code 39

Interior Features

Beds Total 14
Cable Yes
Cooling Window Unit
Elevator None
Flooring Tile
Full Baths 14
Heating Window Unit
Range 26
Total Baths 14.00
Windows Single Hung

Exterior Features

Possession At Closing
Acres 0.5100
Boat Access None
Building Description Garden Apt
Building Design Quadraplex
Exterior Features Room for Pool, Storage
Exterior Finish Stucco
Gulf Access No
Irrigation None
Lot Description See Remarks
Lot Unit 8
Private Pool No
Roof Metal
Sewer Central
Water Central
Waterfront Yes
Waterfront Desc Lake

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 34112

Price
AVG $1.43M
$2.75M
Taxes
AVG $4,003
$2,488
Visits
AVG 126
138
Year Built
AVG 1977
1969
Walkscore
AVG 36
48
Data Provided by Walkscore ® not using MLS data

Looking for more comfortable experience?

Check out our mobile application and browse the properties as no other.