$320,000
SOLD DEC 17, 2018
8 Beds
4 Baths
-- Sq Ft
0.31 Acres

Recently Sold

17% Below List Price

151 Days on Market

About This Home

As of December 2018

Calling all investors! Fantastic opportunity to own two duplexes while paying for only one. There are two buildings, each containing two units of 2 bedrooms with one bath. The buildings need rehabbing albeit one building is rented. The other building has been gutted and needs a total rehab; roof, windows, kitchen, baths, flooring, AC. The beauty is that these units sit on two lots neither encroaching on the other. One building can be rehabbed while the other is producing an income. Per the County, if the buildings are demolished, you can erect another 4 doors. This is zoned for Seagate, Gulfview Middle and Barron Collier. For this reason these are very easily rented. The current owner has always had both buildings fully rented, with a waiting list.

Last Agent to Sell the Property

Lori Ann Druck

Premiere Plus Realty Company License #NAPLES-278014731 Listed on: 06/29/2018

Premiere Plus Realty Company

Last Buyer's Agent

Paul Vacco

Berkshire Hathaway FL Realty License #NAPLES-249523273

Berkshire Hathaway FL Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,902

Year Built

  • Built in 1956

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions: 270

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Single Hung Windows

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Window Unit Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for full electric, water
  • Assessor Parcel Number 77411120007
  • Tax Block D

Community Details

Overview

  • 4 Units
  • Trail Terrace Condos

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $6,000
  • Net Operating Income $13,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,902

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Legal Description: TRAIL TERRACE BLK D LOTS 14 + 15
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.194985$-81.79636700000003$187.76$13.33$1.00$bhl4qg8DgMDCmWY4nG6J0w
  • Building Design: Quadraplex
  • Building Description: Duplex
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 8
  • Flooring: Carpet, Tile
  • Windows: Single Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Construction: Wood Frame
  • Exterior Features: Extra Building
  • Exterior Finish: Vinyl Siding

Utilities

  • Cable Available: Yes
  • Cooling: Window Unit
  • Heat: Window Unit
  • Sewer: Central, Septic
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Trail Terrace
  • Community Type: Non-Gated
  • Units In Building: 4

Condo/Co-op/Association

  • Sub Condo Name: TRAIL TERRACE

Lot Info

  • Lot Back: 270
  • Lot Frontage: 270
  • Lot Left: 50
  • Lot Right: 50
  • Lot Unit: 14
  • Section: 22
  • Waterfront: No
  • Zoning Code: 8
  • Acres: 0.3100
  • Lot Dimensions: 270 X 50
  • Parcel Number: 77411120007

Rental Info

  • Tenant Pays: Full Electric, Water

Tax Info

  • Tax Description: City And County
  • Taxes: 3902.50

Multi Family

  • Unit Count: 5
  • Gross Rental Income: 19200.00
  • Annual Expenses: 6000.00
  • Annual Net Operating Income: 13200.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2022
Sold by
Rugby Llc
Bought by
Trademark Development Group Llc

Purchase Details

Closed on
May 7, 2020
Sold by
Ullah S Properties Llc
Bought by
Rugby Llc

Purchase Details

Listed on
Jun 29, 2018
Closed on
Feb 1, 2019
Sold by
Rugby Llc
Bought by
Ullahs Properties Llc
Seller's Agent
Lori Ann Druck
Premiere Plus Realty Company
Buyer's Agent
Paul Vacco
Berkshire Hathaway FL Realty
List Price
$385,000
Sold Price
$320,000
Premium/Discount to List
-$65,000
-16.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.53%
Original Mortgage
$400,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 29, 2018
Closed on
Dec 17, 2018
Sold by
Brown Christopher and Brown Kathi
Bought by
Rugby Llc
Seller's Agent
Lori Ann Druck
Premiere Plus Realty Company
Buyer's Agent
Paul Vacco
Berkshire Hathaway FL Realty
List Price
$385,000
Sold Price
$320,000
Premium/Discount to List
-$65,000
-16.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 2002
Sold by
Smith Phillip J
Bought by
Brown Christopher and Brown Kathi

Purchase Details

Closed on
Jan 21, 2002
Sold by
Denardis Frank A and Denardis Mary
Bought by
Smith Phillip J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
7.16%
Mortgage Type
Commercial

Purchase Details

Closed on
May 2, 1998
Sold by
Schoendorff Daniel and Schoendorff Lelia R
Bought by
Denardis Frank A and Denardis Mary

Purchase Details

Closed on
Oct 22, 1993
Sold by
Denardis Frank A and Denardis Mary
Bought by
Schoendorff Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Interest Rate
7.07%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $345,000 Holmes Fraser Pa
Warranty Deed $400,000 Attorney
Warranty Deed $400,000 Attorney
Warranty Deed $320,000 Attorney
Warranty Deed -- --
Warranty Deed $293,000 --
Quit Claim Deed -- --
Deed $250,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $400,000 Commercial
Previous Owner $267,750 Commercial
Previous Owner $292,500 Commercial
Previous Owner $242,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 Price Changed $1,695,000 -1.7% $724 / Sq Ft
03/26/2025 03/26/25 For Sale $1,725,000 +439.1% $737 / Sq Ft
12/17/2018 12/17/18 Sold $320,000 -11.1% --
12/01/2018 12/01/18 Pending -- -- --
09/05/2018 09/05/18 Price Changed $359,999 -6.5% --
08/04/2018 08/04/18 For Sale $385,000 0.0% --
07/19/2018 07/19/18 Pending -- -- --
07/03/2018 07/03/18 For Sale $385,000 -- --
Source: Naples Area Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $4,118 $285,863 $0 $0
2022 $3,642 $259,875 $259,875 $0
2021 $5,203 $393,666 $290,250 $103,416
2020 $4,047 $292,358 $199,200 $93,158
2019 $4,913 $371,276 $286,560 $84,716
2018 $4,191 $252,201 $0 $0
2017 $3,903 $229,274 $0 $0
2016 $3,561 $208,431 $0 $0
2015 $3,339 $189,483 $0 $0
2014 $2,980 $172,257 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 218045365

Naples Area Board of REALTORS®

APN: 77411120007