NOT LISTED FOR SALE

Estimated Value: $412,000 - $777,000

8 Beds
4 Baths
-- Sq Ft
0.33 Acres

Last Sold June 15, 2018

Last sale price $450,000

Est. 29% increase in value since last sale

Current estimated payment $3,684/month

79 Days on Market

Highlights

  • Concrete Block With Brick
  • Storage
  • Awning
  • Pinewoods Elementary School Rated A-
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of June 2018

Attention investors: Amazing opportunity to purchase an income producing two-building quadraplex in the heart of Bonita Springs! Close to shops, restaurants, and much more, this quadraplex in this highly sought-after area will not stay on the market long! There are 2 units per building and each unit offers 2 bedrooms, 1.5 bathrooms, for a total of 8 bedrooms, 4 bathrooms and 4 half bathrooms. Long term established tenants already in place! Currently each unit is rented for $850 a month, with the opportunity to raise rents. Renters pay water/sewer, full electric, cable and internet and there is plenty of parking on the premises.

Last Agent to Sell the Property

Jordas Reyes

Keller Williams Realty Naples Listed on: 02/12/2018

Keller Williams Realty Naples

Last Buyer's Agent

Carlos Perezmeza

Rent 1 Sale 1 Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,095

Year Built

  • Built in 1974

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions: 100
  • Paved or Partially Paved Lot

Home Design

  • Duplex
  • Concrete Block With Brick
  • Metal Roof
  • Stucco

Interior Spaces

  • Awning
  • Storage

Flooring

  • Carpet
  • 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 cable, full electric, internet access, sewer, water
  • Assessor Parcel Number 35-47-25-B2-00301.0020
  • Tax Block 1

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Bonita Springs Condos

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $9,245
  • Net Operating Income $31,555

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,095

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Legal Description: BONITA SPRINGS BLK 1 PB 3 PG 26 LOTS 2 + 3
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.341911$-81.77326299999999$43.02$13.33$1.00$pWJdyHIFkwV2TxbxDMlFfg
  • Building Design: Quadraplex
  • Building Description: Duplex
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Metal
  • Construction: Concrete Block
  • Road: Paved Road, Public Road
  • Exterior Features: Storage
  • Exterior Finish: Stucco

Utilities

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

Association/Amenities

  • Pets: No Approval Needed
  • Development: Bonita Springs
  • Community Type: Non-Gated
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: BONITA SPRINGS

Lot Info

  • Lot Back: 100
  • Lot Frontage: 100
  • Lot Left: 144
  • Lot Right: 144
  • Lot Unit: 2
  • Section: 35
  • Waterfront: No
  • Zoning Code: TFC2
  • Acres: 0.3312
  • Lot Description: Dead End, Regular
  • Lot Dimensions: 100 X 144
  • Parcel Number: 35-47-25-B2-00301.0020

Rental Info

  • Tenant Pays: Cable, Full Electric, Internet Access, Sewer, Water

Tax Info

  • Tax Description: County Only
  • Taxes: 4095.00

Multi Family

  • Unit Count: 4
  • Gross Rental Income: 40800.00
  • Annual Expenses: 9245.02
  • Annual Net Operating Income: 31554.99
  • Total Buildings: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2018
Closed on
Jun 15, 2018
Sold by
Shaffer Sharon L
Bought by
Medina Juan R
Seller's Agent
Jordas Reyes
Keller Williams Realty Naples
Buyer's Agent
Carlos Perezmeza
Rent 1 Sale 1 Realty
List Price
$649,000
Sold Price
$450,000
Premium/Discount to List
-$199,000
-30.66%
Current Estimated Value
$578,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,355
Avg. Annual Appreciation
3.49%
Original Mortgage
$434,981
Outstanding Balance
$374,043
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$204,312

Purchase Details

Closed on
Oct 22, 2001
Sold by
Shaffer Robert W and Shaffer Sharon L
Bought by
Shaffer Sharon L
Source: Public Records

Range of Values:

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Average Value
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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
Medina Juan R $450,000 Heights Title Svcs Llc
Shaffer Sharon L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medina Juan R $434,981
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2018 06/15/18 Sold $450,000 0.0% --
05/14/2018 05/14/18 Pending -- -- --
03/29/2018 03/29/18 Price Changed $450,000 -28.6% --
03/19/2018 03/19/18 Price Changed $629,900 -2.9% --
02/24/2018 02/24/18 For Sale $649,000 -- --
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
2025 $7,274 $446,285 -- --
2024 $6,215 $405,714 -- --
2023 $6,215 $368,831 $0 $0
2022 $5,855 $335,301 $0 $0
2021 $5,199 $304,819 $85,800 $219,019
2020 $5,224 $306,048 $46,800 $259,248
2019 $4,763 $267,287 $46,800 $220,487
2018 $4,632 $279,412 $46,800 $232,612
2017 $4,353 $252,749 $31,720 $221,029
2014 -- $165,090 $17,888 $147,202
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 218015216

Naples Area Board of REALTORS®

APN: 35-47-25-B2-00301.0020