Rare opportunity to acquire a unique income-producing multifamily portfolio with long-term development potential in the established Kings Lake community of Naples, Florida. The offering consists of a seven-parcel assemblage totaling approximately 1.54 acres, including an existing four-unit townhome building comprising four separately deeded fee-simple residences under one roof, a separately deeded common-area parcel with a private swimming pool and recreational amenities, and two adjoining vacant development parcels. The existing residences are fully occupied and provide immediate rental income while preserving long-term redevelopment flexibility. The property has been the subject of professional survey, engineering, concept planning, and zoning review. The Seller has obtained a Collier County Zoning Verification Letter documenting the property's development history and identifying the potential for additional multifamily development on the two vacant parcels, subject to applicable zoning requirements, further County review where required, and all necessary governmental approvals. The existing improvements include detached garages, private outdoor areas, mature landscaping, a private swimming pool, and a lake-oriented setting within the Kings Lake community. The property is conveniently located just minutes from Downtown Naples, Fifth Avenue South, Gulf beaches, shopping, dining, and major transportation corridors. This offering is well suited for investors, developers, builders, family offices, and 1031 exchange buyers seeking a combination of current income, land value, and future development potential in one of Naples' established residential communities. The portfolio is offered for $2,650,000. The Seller prefers to sell the complete assemblage but may consider alternative acquisition structures involving the existing income-producing component or the vacant development parcels, subject to mutually acceptable terms. Available due diligence materials include the boundary survey, engineering documents, concept plans, the Collier County Zoning Verification Letter, and other supporting information. Additional operating information, including a redacted rent roll and financial information, will be made available to qualified purchasers. Prospective purchasers are responsible for independently verifying zoning, density, development potential, permitting requirements, utilities, environmental conditions, association requirements, and all other matters material to their intended use of the property. The property is offered AS IS, WHERE IS, with all faults. Buyer broker representation is welcome. Compensation, if any, will be addressed in the purchase contract or a separate written agreement.