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2964 - 2996 Francis Avenue, Naples, FL

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2964 - 2996 Francis Avenue

Naples, FL 34112 - East Naples MF Submarket

Property Type:Multi-Family Number of Units:13 Status:Existing Year Built:1959
Stories:1 Building Size:4,051 SF Land Area:.45 AC (19,602 SF)
For Sale Price:$824,000 Price/Unit:$63,384.62 Cap Rate:9.30 % GRM:-

Parking:2.47 Parking Spaces / 1,000 SF

ZONING: RMF-6 / GTMUD-R Gateway Triangle Mixed Use District (Collier County)

Parcel #s: 2964 Francis Avenue: 61483040008
2996 Francis Avenue: 61482960008 and 61483000006

SIZE : Three buildings with 13 units consisting of 4,051± SF total on 0.45± Acres.
UNIT MIX: Two 2 Bedrooms, Three 1 Bedrooms, and Eight Efficiency Units. Redeveloped from a former 13-room motel.

Sale Notes:

Opportunity for investor looking to enter the affluent Naples market

Thirteen unit apartment complex offered for sale in Naples, FL

Unit mix includes studios, 1BR/1BA and 2BR/1BA apartments

Located directly across from Shadowlawn Elementary School with employment & area amenities in a 1-2 mile radius

Ian Black Real Estate
Sean Dreznin
(941) 906-8688 x109

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