4190 Gulfstream Dr, Naples, FL 34112

$999,900
12
BD
12
Full Baths
List Price
$999,900
Listing Price
$999,900
Price Change
▲ $900 1565821676
Days on Market
115
MLS#
219053997
Development
Spanish Villas
Building Design
Triplex
Total Buildings
2
County
Collier
Region
NA18 - N/O Rattlesnake Hammock
Development
Spanish Villas
Subdivision
Spanish Villas
Year Built
1982
Lot Size
29,185
Approx. Lot Size
168x175x168x175

Property Description

*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 $99,300, NOI 74,800, 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. Terrific cash flow with a cap rate of 7.5% 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

Total Tax Bill
$5,820
Tax Year
2018
Units
6
Bathrooms
12
Monthly Gross Income
99300
Building Description
1 Story/Ranch
Lot Description
See Remarks
Lot Size
0.67
Construction
Concrete Block, Wood Frame
Amenities
None, See Remarks
Windows
Single Hung
Exterior Features
Courtyard, Decorative Shutters, None, Patio, Privacy Wall
Water
Central
Sewer
Central
Heat
Central Electric
Cooling
Central Electric
Waterfront Description
None
Boat Access
None
Community Type
Condo/Hotel, Non-Gated
Tenant Pays
Cable, Full Electric, Internet Access, Security

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Naples Beach & Bay Realty Inc.

The data relating to real estate for sale on this limited electronic display comes in part from the Southwest Florida MLS Listing Service. Properties listed with brokerage firms other than our company are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The source of this real property information is the copyrighted and proprietary database compilation of the participating Southwest Florida MLS organizations and is Copyright 2019 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Some properties that appear for sale on this limited electronic display may no longer be available. Data last updated .