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Last Updated: 12/14/2017
Naples Real Estate - MLS#216044998 Main Photo

Naples Real Estate - An Trinh  
Phone:
239-272-8635
Fax:
239-353-4871
Agent Website Agent Profile
   
Phone:
239-272-8635
Fax:
239-353-4871

2996 & 2964 FRANCIS AVENUE AVE
NAPLES, 34112


Listed For
$900,000 USD Naples Real Estate - Convert Currency For MLS#216044998
General Property Information
Property Class: Commercial
MLS#: 216044998
PID: 61483000006
Status: A-Active
Trans. Type: Sale
Property Type: Multi-Family: Low Rise (1-3 Floors)
Zoning Code:
Property Name:
Property Loc.: LOVELY 13 UNITS RENTAL APARTMENT NEAR COURT HOUSE AND HIGH TRAFFIC AREA. CORNER OF SHADOW LAWN DR & FRANCIS AVE- ACROSS FROM HOME DEPOT- 1.5 MILE TO DOWNTOWN- CLOSE TO ALL MAJOR LOCATIONS- LOCATED BETWEEN DAVIS BLVD , AIPORT PULLING RD AND U.S 41.
Use Type:
Year Built: 1965
Lot Dimensions: 180 x 0
Property SqFt:
Potential Short Sale:
Foreclosed (REO):
Property Information
PROPERTY HAS THREE CONCRETE BUILDINGS, AND A FRAMED DUPLEX BUILT IN 1999. GROSS RENT IS $133,000 A YEAR.
Property Highlights
A CASH COW LAYING IN THE MIDDLE OF THE SAFEST NEIGHBORHOOD SURROUNDED BY SHADOW LAWN ELEMENTARY- HALF MILE TO THE SOUTH IS THE COURT HOUSE AND U.S 41- HALF MILE TO THE NORTH IS NAPLES MUNICIPAL AIRPORT- HUNDREDS OF FEET FROM HOME DEPOT- HAS FOUR BUILDINGS WITH LONG TERM TENANTS AND 0% OF VACANCY. BUILDING A IS A DUPLEX HAS 2/1 RENT AT $1000 AND A STUDIO RENT AT $600- BUILDING B HAS TWO UNITS , 1/1 EACH RENT AT $1450. BUILDING C HAS A NEW ROOF OF 3000 SQUARE FEET AND HAS 7 STUDIOS RENTING AT $725 EACH- BUILDING D IS A DUPLEX WAS BUILT IN 1999'S RENT AT $2000. GROSS RENT IS $120,000 A YEAR. EXPENSES: TAX AND INSURANCE PER YEAR IS ABOUT $10,000, TRASH =$2000, ELECTRIC = $4200, WATER&SEWER=$4200, GRASS CUT= $700, VACANCY& OTHER COST=$0 BECAUSE BUILDINGS HAVE BEEN UPDATED AND REPAIRED CONSTANTLY OVER THE PASS 8 YEARS. ALL ROOFS ARE NEW AND IN FAIR CONDITION.
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