NOT LISTED FOR SALE

Estimated Value: $919,000 - $1,283,000

8 Beds
4 Baths
-- Sq Ft
0.33 Acres

Last Sold December 04, 2020

Last sale price $580,000

Est. 77% increase in value since last sale

Current estimated payment $6,273/month

236 Days on Market

Highlights

  • Concrete Block With Brick
  • Tile Flooring
  • Central Heating and Cooling System
  • Naples High School Rated A
  • 1-Story Property

About This Home

As of December 2020

Come and enjoy Naples’ exciting lifestyle! This new opportunity awaits for you on south Naples! When location matters, you’ll find this multifamily property is the perfect pick. Five minutes to Downtown, close to the Government building, Davis Blvd and beautiful Tamiami Trail. Rarely available, all units newly remodeled with one unit having granite counter tops. four apartment units in two separate buildings, new roof, new doors and new windows in both units, each unit has 2 Bedrooms 1 Bathroom and a lot of upgrades. Great ROI, for Annual rental or even to be use for Air bnb, Vrbo or any vacation rental; the property sits in oversize lot with extend backyard and assigned parking space for each unit.

Last Agent to Sell the Property

Jose Limpias

Xclusive Homes LLC License #NAPLES-251500961 Listed on: 02/19/2020

Xclusive Homes LLC

Co-Listed By

Diana Villarreal

Xclusive Homes LLC License #NAPLES-249517906

Last Buyer's Agent

Rick Fioretti

Berkshire Hathaway FL Realty License #NAPLES-463502976

Berkshire Hathaway FL Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,777

Year Built

  • Built in 1972

Lot Details

  • 0.33 Acre Lot

Home Design

  • Quadruplex
  • Concrete Block With Brick
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Single Hung Windows

Flooring

  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for full electric, water
  • Assessor Parcel Number 51692000001
  • Tax Block G

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Inomah Condos

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $14,574
  • Net Operating Income $46,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,777

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Legal Description: INOMAH BLK G LOTS 2 + 3 OR 213 PG 377
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.133131$-81.777489$246.67$13.33$1.00$NDQ1MfuegNzM3RtSeQImkw
  • Building Design: Quadraplex
  • Building Description: 1 Story/Ranch
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Construction: Concrete Block
  • Exterior Finish: Stucco

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Inomah
  • Units In Building: 4

Condo/Co-op/Association

  • Sub Condo Name: INOMAH

Lot Info

  • Lot Unit: 2
  • Section: 11
  • Waterfront: No
  • Acres: 0.3300
  • Parcel Number: 51692000001

Rental Info

  • Tenant Pays: Full Electric, Water

Tax Info

  • Tax Description: County Only
  • Taxes: 4776.87

Multi Family

  • Unit Count: 1
  • Gross Rental Income: 54000.00
  • Annual Expenses: 14574.00
  • Annual Net Operating Income: 46000.00
  • Total Buildings: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2023
Sold by
Fioretti Richard E and Fioretti Brenda C
Bought by
Richard And Brenda Fioretti Revocable Trust and Fioretti
Current Estimated Value
$1,026,328

Purchase Details

Listed on
Feb 19, 2020
Closed on
Nov 30, 2020
Sold by
Abrams Robert E
Bought by
Floretti Richard E and Floretti Brenda C
Seller's Agent
Jose Limpias
Xclusive Homes LLC
Buyer's Agent
Rick Fioretti
Berkshire Hathaway FL Realty
List Price
$619,000
Sold Price
$580,000
Premium/Discount to List
-$39,000
-6.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.01%

Purchase Details

Closed on
Apr 11, 2011
Sold by
Abrams Robert
Bought by
Abrams Robert

Purchase Details

Closed on
Mar 17, 2009
Sold by
Abrams Frances and Abrams Horst
Bought by
Abrams Frances
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Richard And Brenda Fioretti Revocable Trust -- None Listed On Document
Floretti Richard E $580,000 Attorney
Abrams Robert -- None Available
Abrams Frances -- Global Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2020 12/04/20 Sold $580,000 -6.3% --
10/12/2020 10/12/20 Pending -- -- --
10/09/2020 10/09/20 For Sale $619,000 0.0% --
06/11/2020 06/11/20 Pending -- -- --
04/30/2020 04/30/20 Price Changed $619,000 -4.8% --
02/19/2020 02/19/20 For Sale $649,900 -- --
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
2024 $8,172 $608,588 -- --
2023 $8,172 $553,262 $0 $0
2022 $6,776 $502,965 $0 $0
2021 $6,126 $457,241 $187,680 $269,561
2020 $4,758 $340,122 $0 $0
2019 $4,777 $309,202 $0 $0
2018 $4,687 $281,093 $0 $0
2017 $4,276 $255,539 $0 $0
2016 $3,941 $232,308 $0 $0
2015 $3,466 $211,189 $0 $0
2014 $2,995 $191,990 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 220012082

Naples Area Board of REALTORS®

APN: 51692000001