5 Beds
3 Baths
0.41 Acres Lot
5 Beds
3 Baths
0.41 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Guilford Estates
MLS Listing ID 224093790
Bedrooms 5
Half Baths 3
HOA Y/N Yes
Originating Board Naples
Year Built 2000
Annual Tax Amount $4,970
Tax Year 2023
Lot Size 0.410 Acres
Acres 0.41
Property Description
This exceptional property, situated on an oversized corner lot of 0.41 acres, offers incredible potential for investors. Zoned for multi-unit development, it provides the flexibility to expand or redevelop. The current duplex consists of 2,392 Sq Feet with VAULTED ceilings a 3-bedroom, 2-bath unit on one side, and a 2-bedroom, 1-bath unit on the other. Built in Year 2000 with durable concrete block construction, the property ensures minimal maintenance. Recent updates include a new roof installed in 2019, new gutters added in 2023, and new AC units for the 3-bedroom (2021) and 2-bedroom (2024) units. Both units feature all-tile floors for easy maintenance, and each has a long driveway with additional parking space. The large front and back yards offer ample room for outdoor activities or future expansion.
Currently generating $4,713 per month in rental income with year-long leases in place, the property is located in a highly desirable area with a steady rental market. It boasts direct access to Sugden Regional Park and Bayshore Drive, with shopping, dining, food trucks, and the Naples Botanical Garden nearby. A public boat launch is just down the road. The location is particularly attractive to short-term or vacation rental opportunities, as it is directly across from Avalon Elementary School and the Naples Pickleball Center, which features 64 courts and hosts the World Championship stadium.
With zoning approval for multi-unit development, the property offers unlimited potential for redevelopment. Investors can capitalize on the high demand for rental properties in the area, converting the property into a quadplex or additional units. It also presents an opportunity for short-term rentals catering to the growing pickleball community or for creating a unique rental community with options for Airbnb or long-term tenants. The duplex is also good for snowbirds to stay in one unit and to rent the other to cover costs.
This property represents a unique investment opportunity in one of the most desirable areas of Naples, offering steady income, strong potential for future appreciation, and multiple avenues for rental income, including annual, seasonal, or short-term rentals. The possibilities for redevelopment and income generation are endless.
Location
State FL
County Collier
Area Guilford Estates
Zoning 8
Interior
Heating Central Electric
Flooring Tile
Fireplace No
Heat Source Central Electric
Exterior
Community Features Park
Amenities Available Bike And Jog Path, Community Boat Ramp, Community Boat Slip, Community Gulf Boat Access, Park, Pickleball
Waterfront No
Waterfront Description None
Roof Type Shingle
Garage No
Private Pool No
Building
Lot Description Oversize
Water Central
Architectural Style Duplex
Structure Type Concrete Block,Stucco
New Construction No
Others
Pets Allowed Yes
Senior Community No
Tax ID 22623400007
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Partner | Lic# SL3397454