88 31st St SW - Residential Income FOR SALE


Naples, FL 34117
$1,058,000 USD
239-766-9010
88 31st St SW, Naples, FL for Sale
$1,058,000 USD
Residential Income - FOR SALE
1/2
null | 14.13% Cap Rate

88 31st St SW
Naples, FL 34117


HIGHLIGHTS

  • Under Market Asking Price
  • Convertible Warehouse
  • Unbeatable Rental Market

OVERVIEW

EXCELLENT CASH FLOW IN PRIME NAPLES LOCATION!!! (See Offering Memorandum) This meticulously maintained pool home in sought after Golden Gate Estates, sits on a hard-to-find rectangular shape 2.50-acre cleared lot. Only 1 mile east of Collier Blvd between Golden Gate Blvd and White Blvd. Just 20 minutes to beaches, Mercato, Venetian Village, fine restaurants and all the amenities’ Naples has to offer. The home has an open floor plan and is 1,863 sq ft under air with many upgrades. 3 bedrooms, 2 bath with access to pool/lanai. Large kitchen with new stainless-steel appliances, separate dining area, pantry and laundry room, newer roof. Installed new in 2022: complete AC system, all hurricane impact windows and plantation shutters, gutters, soffit and facia, solar attic vents, and new extended pool cage. The 2-car garage has new epoxy flooring. On the property you'll find various fruit trees, including mango and pomegranate to name a few. Looking for a man cave, workshop or rental income....this property includes a 30'X60' separate building on a slab with 50 amp RV hook up, electric hoist, and new led shop lights. Great to tinker in and secure your boat, RV, toys, etc. In addition, there is a separate 16'X16' insulated shed/shop that has the reverse osmosis system and well filtration system with 500 gallons freshwater tank. There is plenty of room for additional storage. The property has two driveway entrances, one is black top that leads to the main house and the other is gravel that leads to the shop, with plenty of room for turning around your boat, trailer, RV and plenty of parking. You'll find in walking distance, Big Cypress Elementary School and Max Hasse Community which includes a fitness center. This property is great for the small business owner. There are no HOA fees or restrictions and this home has the potential for dual rental incomes for the right investor.

FOR SALE DETAILS

PRICE

$1,058,000 USD

PRICE/SF

$212 USD /SF

CAP RATE

14.13%

% LEASED

0%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.57 AC

LAND SF

111,949 SF

ZONING

E

APN/PARCEL ID

36810960100

ASK ABOUT THIS PROPERTY

Sean CohaneTSJ Real Estate AdvisorsMore Info
239-766-9010

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Sean CohaneTSJ Real Estate AdvisorsMore Info
239-766-9010

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.