NOT LISTED FOR SALE
1 Bed
-- Bath
1,366 Sq Ft
0.45 Acres

Last Sold October 07, 2016

Last sale price $310,000 $227 Per Sq Ft

186 Days on Market

About This Home

As of October 2016

Excellent investment opportunity! 2 Duplexes and a metal out building situated on 3 adjoining lots. Located within the Bayshore CRA an up and coming boating and artist community. Close to Bayview Park boat ramp, Hamilton Harbor and Naples Botanical Gardens. All within minutes of downtown and Naples beaches. Terrific opportunity for increased revenue and future upside development potential. Current rent is 700+/- on month to month. The Current Cap Rate is 8%. Market rent is $1000 per month with a Potential Cap Rate of 13%. Many new developments are in the area. See agents for details.

Last Agent to Sell the Property

Diane Sullivan

Naples Beach & Bay Realty Inc Listed on: 02/16/2016

Co-Listed By

Kevin Small

Downing Frye Realty Inc.

Last Buyer's Agent

Diane Sullivan

Naples Beach & Bay Realty Inc Listed on: 02/16/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • 1969

Lot Details

  • 0.45

Home Design

  • Quadruplex

Listing and Financial Details

  • Tenant pays for cable

Community Details

Overview

  • Oak Ridge Manor Condos

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $7,646
  • Net Operating Income $25,654

Property Details

Home Type

Multi-Family

Year Built

1969

Lot Details

0

Listing Details

  • Legal Description: OAK RIDGE MANOR LOT 29-31
  • Building Design: Quadraplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Flooring: Carpet, Tile

Exterior Features

  • Roof: Shingle
  • Exterior Features: Fence
  • Construction: Concrete Block, Wood Frame
  • Exterior Features: Fence
  • Irrigation: Well
  • Windows: Single Hung

Utilities

  • Cooling: Ceiling Fans, Central Electric, Wall Unit
  • Heating: Central Electric
  • Sewer: Central
  • Water: Central, Dual Water, Well

Condo/Co-op/Association

  • Community Type: Non-Gated
  • Sub Condo Name: OAK RIDGE MANOR

Association/Amenities

  • Units in Building: 2
  • Pets: No Approval Needed
  • Development: Oak Ridge Manor

Lot Info

  • Lot Description: Regular
  • Lot Dimensions: 150 X 135
  • Section: 14
  • Zoning Code: 1

Rental Info

  • Tenant Pays: Cable

Tax Info

  • Tax Description: County Only, No Homestead
  • Tax District Type: Municipal Service Tax Unit

Multi Family

  • Gross Rental Income: 33300.00
  • Annual Expenses: 7646.00
  • Annual Net Operating Income: 25654.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2016 10/07/16 Sold $310,000 -4.6% $227 / Sq Ft
08/20/2016 08/20/16 Pending -- -- --
02/16/2016 02/16/16 For Sale $325,000 -- $238 / Sq Ft
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 $7,480 $593,896 -- --
2024 $7,906 $571,342 $466,510 $104,832
2023 $7,906 $597,527 $491,063 $106,464
2022 $4,954 $270,004 $0 $0
2021 $4,961 $245,458 $0 $0
2020 $4,544 $223,144 $0 $0
2019 $3,659 $202,858 $118,800 $84,058
2018 $3,990 $228,489 $118,800 $109,689
2017 $4,400 $258,319 $143,280 $115,039
2016 $1,970 $142,103 $0 $0
2015 $2,654 $135,421 $0 $0
2014 $2,789 $145,476 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 216011584

Naples Area Board of REALTORS®

APN: 64510920001