Don't miss out on this rare opportunity in Naples Manor! This property is not just a home, it's an exceptional investment opportunity waiting to be seized. This multi- family home offers three units that maximize desirability and promise long-term returns, it's the perfect example of a good investment. What sets this property apart is its incredible flexibility. Whether you're looking for annual rental income, seasonal leasing, or short-term stays, you have the freedom to choose without the constraints of an HOA. Plus, with a brand-new roof installed in 2024 and exquisite features like tile flooring throughout, a wooden kitchen with granite countertops, crown molding, and a spacious covered patio and courtyard, this property exudes relaxation and comfort.
Location is everything, and this property delivers. Situated near the renowned Naples Botanical Garden, Sugden Park on Avalon Lake, and just a stone's throw away from vibrant hotspots like 5th Ave South and 3rd St South, as well as the pristine sandy beaches of the Gulf, convenience and leisure are always within reach.
Currently rented on a month-to-month basis, this property offers immediate income generation potential. Whether you're a seasoned investor or just getting started, Naples is undeniably a hotspot for smart investments, and this property is your ticket to tapping into its lucrative market. Don't let this opportunity slip away – schedule a viewing today and unlock the potential of Naples living at its finest!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $508,000 | $508,000 | $508,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 5.990% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.470% | 6.161% | 5.248% |
Monthly Tax Payment | $472 | $472 | $472 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,087 | $3,042 | $4,015 |
Total Monthly Payment | $3,651 | $3,606 | $4,579 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.