4200 Gulfstream Dr, Naples, FL 34112

$999,900
List Price
$999,900

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 $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 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 which would bring GRI to $94,800 with potential exist strategy of selling as condos. Great Investment Opportunity. Contact me for more information

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Listing courtesy of Naples Beach & Bay Realty Inc.

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