Details

MLS
218057749
Type
Residential
Building Design
Condo
Development
OLDE NAPLES
Subdivision
NORTH PORT COVE
Year Built
1978
Rear Exposure
N
Status
Active
Zip
34102
Approx. Living Area
1,000 SqFt
Approx. Total Area
1,000 SqFt
Total Floors
2
Days On Market
297 Days

Schools

  • Lake Park Elementary
  • Gulfview Middle School
  • Naples High School

Description

Unique opportunity for “buy & hold” or immediate redevelopment investment in the heart of the Olde Naples district, bordering Aqualane Shores. Large 100'x151’ lot with existing rental income producing condominium association in an unrivaled location between 5th Ave. and 3rd St. and within walking distance to everything downtown Naples has to offer! A large parcel with 15,100 sq ft that can be redeveloped into 1 or 2 large single family homes, 3 townhomes or 4 condos! This parcel is zoned R3T-12, which allows unique transient rental opportunities for downtown Naples. It can be sold in bulk (100'x151’); or, be re-plat into two separate parcels (50’x151’ each) and sold separately. Current owners have worked with the City of Naples, various architects and contractors in town on all building possibilities. Sample plans, as well as estimated building costs from local top contractors in hand and can be shown to potential serious buyers. PRESENTLY ALL RENTALS UNITS ARE GENERATING ALMOST $72K GROSS YEARLY.Please contact Listing Agent!


Furnished
Unfurnished
Elevator
No
Ceiling Fans
Yes

Master Bath

  • Remarks

Windows

  • Other
  • Single Hung

Private Pool
No
Private Hot Tub
No
Approx. Lot Left Measurement
151
Approx. Lot Back Measurement
100
Approx. Lot Frontage
100
Approx. Lot Right Measurement
151
Approx. Units In Complex
4

Lot Description

  • Regular

Road Section

  • Alley
  • City Maintained
  • Public Road

Building Description

  • 2 Story

Exterior Finish

  • See Remarks

Roof

  • Shingle

Lease Limits
No

Maintenance

  • Cable
  • Pest Control Exterior
  • Pest Control Interior
  • Sewer

Storm Protection

  • Other

Sewer

  • Central

Water

  • Central

Financial Terms

  • Buyer Finance/Cash

Financial

Total Tax Bill
$2,671

Home Owners Association

Mandatory HOA
Yes

We're sorry, but no properties that meet this criteria are currently available.


Banker Reciprocity

This listing is courtesy of Downing Frye Realty Inc..

The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations 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. The data relating to real estate for sale on this limited electronic display come in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than John R. Wood Properties 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 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 website may no longer be available. For the most current information, contact John R. Wood Properties.