4200 Gulfstream Dr, Naples, FL 34112

$999,900
List Price
$999,900
Listing Price
$999,900
Price Change
▲ $900 1565823877
MLS#
219053998
Property Class
Commercial
Status Type
Resale Property
County
Collier
Region
NA18 - N/O Rattlesnake Hammock

Property Description

*Being sold with 4190 Gulfstream Dr, MLS #219053997. 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

Additional Information

Year Built
1982
Waterfront Description
None
Acres
0.67
Total Tax Bill
$5,820
Tax Year
2018

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Naples Beach & Bay Realty Inc.

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