Investors Dream: Prime multi-family lakefront development opportunity in Naples, Florida. This property comprises a total of 1.54 acres with existing zoning potential for 21 units - APARTMENTS OR CONDOS! This is your chance to seize a golden opportunity in one of Naples most sought-after locations, just minutes to 5th Ave… Read More shopping and beaches. Nestled on a private road within Kings Lake, this unprecedented opportunity includes 3 parcels of land and 4 townhomes. Apart from the copious amount of undeveloped land, the townhomes present unique building design, with two floors, a private detached garage, a patio, and a private in ground pool. The two middle units feature an upper level balcony and a bonus loft area. The two end units feature a large portrait window and more patio space. All units offer two bedroom and two bathrooms, spacious kitchens, a laundry room, guest parking, open main living area that leads to each private patio. With a strong local rental market and property appreciation this expansive lot offers an unparalleled canvas for expansion and profit. Read Less
Listing courtesy of Premier Sotheby's Int'l Realty.
Dec 7, 2023
30 Days Snapshot Of 34112
(avg) sold price
(avg) days on market
Community Pool, Community Pool
Building design: Quadraplex, Built in 1985, Elevator: None, 4 units, 4 units in building, 2 Story, Wood Frame
Ceiling Fans, Central Electric
Deck, Fence, Patio, Sprinkler Auto, Stucco
1 acres, Frontage: 139 sqft, Right: 429 square feet, Left: 499 square feet, 3 Lots
Gross rental income: $182,000
Pets: No Approval Needed
Private pool, Salt Water System
Property type: Residential Income, Lake, Waterfront, Well
Taxes: $12,436, Year: 2022, County Only
Cable available?: 1
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The data relating to real estate for sale displayed on this Website comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc., under License No. ONRI/600106. Properties listed with brokerage firms other than the office represented by this website are marked with the “BR House” logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the M.L.S. of Naples, Inc. BR Program, or contained in the database compilation of the M.L.S. of Naples, Inc.
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