NOT LISTED FOR SALE

3100 Areca Ave Naples, FL 34112

East Naples Neighborhood

Estimated Value: $624,000 - $1,434,000

24 Beds
12 Baths
-- Sq Ft
33,977 Sq Ft

Last Sold February 25, 2019

Last sale price $1,000,000

Est. 11% increase in value since last sale

Current estimated payment $6,084/month

130 Days on Market

Highlights

  • 0.78 Acre Lot
  • Concrete Block With Brick
  • Central Heating and Cooling System
  • Naples High School Rated A-
  • Tile Flooring
  • Fenced

About This Home

As of February 2019

This is a fixer upper money cow, excellent ROI, TLC need it "This property is being offer "as is" right to inspect max 7 days-Cash Only-Bring your offer-Seller motivated. HIGHLY DESIRABLE LOCATION & EXCELLENT INVESTMENT OPPORTUNITY! SANRI APARTMENTS was originally built in 1957 with much of the original character. These beautiful apartments are not on the soft story list; they are sitting on a large piece of land on four parcels with 3 concrete block dwellings. Total of 12 units consisting of 2bed/1bath, kitchen, laundry room, comfortable enclosed porch and nice size backyard. 2 assigned parking stall p/unit and assigned guest parking as well. Conveniently located off Bayshore Drive, only 3 minutes from downtown Naples and 5 minutes driving distance to the beach. This property has a true value right now and is priced to sell at a very high 8% cap rate. These apartments are a money-making machine, 0 vacancy rate for the last 5 years, low expenses and excellent income opportunity. There is $142,620 annual gross rental income right now, 9 out of the 12 units are rented to a private organization for the last 9 years. The apartment community has tenancies.

Last Agent to Sell the Property

Diana Villarreal

Xclusive Homes LLC Listed on: 09/04/2018

Xclusive Homes LLC

Last Buyer's Agent

John Fraine

Prime Location Brokers LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,978

Year Built

  • Built in 1957

Lot Details

  • 0.78 Acre Lot
  • Fenced

Home Design

  • Quadruplex
  • Concrete Block With Brick
  • Stucco

Interior Spaces

  • Sliding Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 12 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 71800000022
  • Tax Block F

Community Details

Overview

  • 12 Units
  • Sabal Shores Condos

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Operating Expense $33,334
  • Net Operating Income $109,286

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,978

Year Built

Built in 1957

Lot Details

0.78 Acres

Listing Details

  • Legal Description: SABAL SHORES OF BLK F LOT 1 OR 1135 PG 2263
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.121201$-81.76810699999999$176.06$13.33$1.00$O8IBTUr7d2FXiwwglFzNog
  • Building Design: Quadraplex
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 12
  • Total Bathrooms: 12.00
  • Total Bedrooms: 24
  • Flooring: Tile
  • Windows: Sliding

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Construction: Concrete Block
  • Irrigation: Central
  • Exterior Features: Fence
  • Exterior Finish: Stucco

Utilities

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

Association/Amenities

  • Pets: With Approval
  • Development: Sabal Shores
  • Community Type: Non-Gated
  • Units In Building: 12

Condo/Co-op/Association

  • Sub Condo Name: SABAL SHORES

Lot Info

  • Section: 14
  • Waterfront: No
  • Zoning Code: RMF-6
  • Acres: 0.7800
  • Lot Description: Regular
  • Parcel Number: 71800000022

Tax Info

  • Tax Description: City And County, County Only
  • Taxes: 2978.03

Multi Family

  • Gross Rental Income: 142620.00
  • Annual Expenses: 33333.81
  • Annual Net Operating Income: 109286.16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2024
Sold by
Ldm Investment Trust and Maxwell Lauren D
Bought by
Levyar Llc
Current Estimated Value
$1,110,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Outstanding Balance
$1,885,028
Interest Rate
6.78%
Mortgage Type
Seller Take Back
Estimated Equity
-$775,028
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Levyar Llc $3,000,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levyar Llc $1,900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2019 02/25/19 Sold $1,000,000 -13.0% --
01/12/2019 01/12/19 Pending -- -- --
01/09/2019 01/09/19 Price Changed $1,150,000 0.0% --
01/09/2019 01/09/19 For Sale $1,150,000 -11.5% --
11/15/2018 11/15/18 Pending -- -- --
09/27/2018 09/27/18 For Sale $1,299,999 0.0% --
09/10/2018 09/10/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $1,299,999 -- --
Source: Naples Area Board of REALTORS®

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 $4,381 $353,722 $221,130 $132,592
2024 $4,379 $275,723 $153,387 $122,336
2023 $4,379 $252,316 $0 $0
2022 $4,219 $229,378 $0 $0
2021 $3,778 $208,525 $66,144 $142,381
2020 $3,741 $208,767 $84,864 $123,903
2019 $3,370 $175,878 $0 $0
2018 $3,173 $159,889 $0 $0
2017 $2,978 $145,354 $0 $0
2016 $2,870 $132,140 $0 $0
2015 $2,650 $120,127 $0 $0
2014 $2,382 $109,206 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Diana Villarreal

    Seller's Agent in 2019

    Diana Villarreal

    Xclusive Homes LLC

    (239) 641-9379

    5 in this area

    89 Total Sales

    Diana Villarreal
    Section Image

  • J

    Buyer's Agent in 2019

    John Fraine

    Prime Location Brokers LLC

    (239) 580-7085

    9 Total Sales

    John Fraine
    Section Image
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Map

Source: Naples Area Board of REALTORS®

MLS Number: 218059333

Naples Area Board of REALTORS®

APN: 71800000022

Florida Collier County Naples 34112 East Naples

3100 Areca Ave, Naples, FL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Naples Area Board of REALTORS® The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2026 M.L.S. of Naples, Inc. 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.

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