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PARADISE INN OF NAPLES 4520 Gulfstream Dr 14 Unit Apartment Building $3,600,000 ($257,143/Unit) 5% Cap Rate Naples, FL 34112
EXECUTIVE SUMMARY
Rare find Motel just minutes from world famous downtown Naples 5th avenue and the beach. This is your chance to operate a fantastic virtually absentee 14 Unit motel consisting of 14 fully renovated units consisting of 4 large 1 bedroom and 10 efficiency suites all with fully Kitchens and New designer baths. Property presently has long term tenants in place. A virtual cash cow with a 5% Cap rate current tenants are paying cash rent on a weekly basis.
"Air BNB" this Motel can be easily converted to "Air BNB" and or daily resort rental which would dramatically increase revenue and present a possible 10% + Cap rate.
"Air BNB" this Motel can be easily converted to "Air BNB" and or daily resort rental which would dramatically increase revenue and present a possible 10% + Cap rate.
PROPERTY FACTS Under Contract
| Price | $3,600,000 | Building Class | C |
| Price Per Unit | $257,143 | Lot Size | 0.51 AC |
| Sale Type | Investment | Building Size | 6,686 SF |
| Cap Rate | 5% | No. Stories | 1 |
| No. Units | 14 | Year Built/Renovated | 1968/2021 |
| Property Type | Multifamily | Tenancy | Single |
| Property Subtype | Apartment | Parking Ratio | 2.99/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | RMF-6 - Mulit-family | ||
| Price | $3,600,000 |
| Price Per Unit | $257,143 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 6,686 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1968/2021 |
| Tenancy | Single |
| Parking Ratio | 2.99/1,000 SF |
| Zoning | RMF-6 - Mulit-family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Ceiling Fans
- Tile Floors
- Kitchen
- Wi-Fi
- Office
- Smoke Free
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $554,520 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$554,520
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PARADISE INN OF NAPLES | 4520 Gulfstream Dr
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