NOT LISTED FOR SALE

Estimated Value: $820,038 - $965,000

6 Beds
3 Baths
-- Sq Ft
0.31 Acres

Last Sold November 23, 2021

Last sale price $719,000

Est. 24% increase in value since last sale

Current estimated payment $5,517/month

57 Days on Market

Highlights

  • Concrete Block With Brick
  • Central Heating and Cooling System
  • Ceiling Fan
  • Tile Flooring

About This Home

As of November 2021

Amazing opportunity to own a turnkey income property less than 3 miles from downtown Naples. This triplex building features three large 2 bedroom homes each with an attached garage. All units have been completely renovated and are occupied. Each apartment has a unique floor plan and is individually metered for both electric and water and sewer. Sleek tile flooring, wood cabinets, granite counters, and stainless steel appliances are just a few of the upgrades featured throughout. Homes also feature central HVAC and laundry inside. Property is located within the Bayshore Beautification district and is a short drive to shopping, great restaurants, Collier County Government Center, and of course downtown Naples and white sand beaches.

Last Agent to Sell the Property

Josh Yelensky

Current Property Management License #NAPLES-249521225 Listed on: 08/17/2021

Co-Listed By

Dave Uprich

Current Property Management

Last Buyer's Agent

Shannon Hubbell

Waterfront Realty Group Inc

Waterfront Realty Group Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,266

Year Built

  • Built in 1974

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions: 153

Home Design

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

Interior Spaces

  • Ceiling Fan
  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, departure cleaning, full electric, full telephone, sewer, water
  • Assessor Parcel Number 30480720006
  • Tax Block B

Community Details

Overview

  • 3 Units
  • East Gate Condos

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $9,001
  • Net Operating Income $46,019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,266

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Legal Description: EASTGATE BLK B LOTS 26 + 27
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.12389$-81.767296$287.94$13.33$1.00$3rScRdPFKP_WsGyHjHXROg
  • Building Design: Triplex
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 6
  • Flooring: Tile
  • Windows: Single Hung

Exterior Features

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

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: East Gate
  • Community Type: Non-Gated
  • Units In Building: 3

Condo/Co-op/Association

  • Sub Condo Name: EAST GATE

Lot Info

  • Lot Back: 154
  • Lot Frontage: 153
  • Lot Left: 87
  • Lot Right: 88
  • Lot Unit: 26
  • Section: 11
  • Waterfront: No
  • Zoning Code: RMF-6-BMUD-R1
  • Acres: 0.3100
  • Lot Description: Corner, Irregular Shape
  • Lot Dimensions: 153 X 87 X 154 X 88
  • Parcel Number: 30480720006

Rental Info

  • Tenant Pays: Cable, Departure Cleaning, Full Electric, Full Telephone, Sewer, Water

Tax Info

  • Tax Description: County Only
  • Tax District Type: Municipal Service Tax Developmen
  • Taxes: 5266.00

Multi Family

  • Unit Count: 3
  • Gross Rental Income: 55020.00
  • Annual Expenses: 9001.00
  • Annual Net Operating Income: 46019.00
  • Total Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2021
Closed on
Nov 23, 2021
Sold by
Pfpi 2 Llc
Bought by
Holland Kendall and Holland Kimberly
Seller's Agent
Josh Yelensky
Current Property Management
Buyer's Agent
Shannon Hubbell
Waterfront Realty Group Inc
List Price
$749,900
Sold Price
$719,000
Premium/Discount to List
-$30,900
-4.12%
Current Estimated Value
$890,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,010
Avg. Annual Appreciation
5.61%
Original Mortgage
$575,200
Outstanding Balance
$527,800
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$362,210

Purchase Details

Closed on
Mar 7, 2019
Sold by
Tif Fk B Llc
Bought by
Pfpi2 Llc

Purchase Details

Closed on
Aug 28, 2013
Sold by
Tif Sofl Ii Llc
Bought by
Tif Fk B Llc

Purchase Details

Closed on
Aug 24, 2012
Sold by
Desoto Holdings Inc
Bought by
Tif Sofl Ii Llc

Purchase Details

Closed on
Nov 15, 2011
Sold by
Ph1 Inc
Bought by
Liberty Bank Fsb

Purchase Details

Closed on
Aug 21, 1997
Sold by
Allegretta Gaetano and Allegretta Janice B
Bought by
Smith Arthur F and Smith Karyn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,050
Interest Rate
7.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 14, 1993
Sold by
Allegretta Gaetano and Allegretta Janice B
Bought by
Allegretta Gaetano and Allegretta Janice B
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
Holland Kendall $719,000 Action Title Services
Pfpi2 Llc $325,000 Action Title Services Inc
Tif Fk B Llc -- Build Us Back Title Llc
Tif Sofl Ii Llc $166,300 Equity National Title Llc
Desoto Holdings Inc $145,000 None Available
Liberty Bank Fsb $1,000 None Available
Smith Arthur F $131,500 --
Allegretta Gaetano -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holland Kendall $575,200
Previous Owner Smith Arthur F $92,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2021 11/23/21 Sold $719,000 -1.5% --
10/13/2021 10/13/21 Pending -- -- --
09/13/2021 09/13/21 Price Changed $729,900 -2.7% --
08/17/2021 08/17/21 For Sale $749,900 -- --
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
2025 $9,742 $817,501 -- --
2024 $11,729 $778,059 $409,682 $368,377
2023 $11,729 $884,010 $431,244 $452,766
2022 $11,478 $809,521 $431,244 $378,277
2021 $5,778 $370,038 $171,700 $198,338
2020 $5,266 $336,531 $158,823 $177,708
2019 $4,509 $280,460 $124,483 $155,977
2018 $4,530 $265,608 $0 $0
2017 $4,222 $241,462 $0 $0
2016 $3,614 $219,511 $0 $0
2015 $3,597 $206,586 $0 $0
2014 $3,206 $187,805 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 221059067

Naples Area Board of REALTORS®

APN: 30480720006