1500 5th Ave S 2-350, NAPLES

$350,000

2 Beds
2 Baths
0 Acres
0 Garages

R.109 -This is a condominium hotel. Owner's use is restricted to 60 days per year. The balance of time it is available for nightly rental to the general public. Current rental incomes are between $26K and $30K with expenses in the $35K to $36K per year range. Rental rates have been on the rise and expect positive cash flows within the foreseeable future. Cash flow was slightly positive Feb 2019. The resort is located at a one of a kind spot right on Naples Bay and a stone’s throw from the ‘Worth Ave’ of SW Florida, 5th Avenue South. This amenity rich resort is situated in an idyllic waterfront setting and features chic waterfront dining and shopping, euro style spa, 4 pools including lap and lazy river style, state of the art fitness and tennis, a 97 slip marina and much more! This two bedroom home enjoys a balcony with a breathtaking view of the basin and marina and an excellent rental history. Shuttle to the beach and shopping areas; rent bikes, standup paddle boards or kayaks. Fully staffed Tennis Center and six lighted Har Tru courts.Stroll the waterfront for Dining and shopping right on site with top notch venues for your enjoyment. $5,000 credit towards closing costs.

Essential Information
MLS® #216039158
Price$350,000
Bedrooms2
Bathrooms2.00
Full Baths2
Acres0.00
Year Built2008
TypeIncome
Sub-TypeQuadraplex
StatusActive
Community Information
Address1500 5th Ave S 2-350
SubdivisionNAPLES BAY RESORT
CityNAPLES
CountyCollier
StateFL
Zip Code34102
Area

NA08 - Royal Harbor-Windstar Are

Amenities
Is WaterfrontYes
Amenities

Beach Access, Clubhouse, Community Pool, Community Room, Community Spa/Hot tub, Concierge Services, Fitness Center Attended, Full Service Spa, Marina, Restaurant, Sauna, Sidewalk, Streetlight, Tennis Court, Underground Utility

Waterfront

Basin, Navigable, See Remarks, Seawall

Interior
HeatingCentral Electric
CoolingCeiling Fans, Central Electric
Exterior
ExteriorStucco
Exterior FeaturesNone
Lot Description5 Plus Lots, See Remarks
WindowsSee Remarks, Solar Tinted
RoofBuilt-Up or Flat
ConstructionConcrete Block
Additional Information
Days on Market1449
Zoningcondominum
Listing Details
OfficeJohn R. Wood Properties
Property History
Price Reduced from $390,000 to $350,000
Price Reduced from $399,000 to $390,000
Price Reduced from $425,000 to $399,000
Price Reduced from $475,000 to $425,000
Price Reduced from $500,000 to $475,000
Show All History (6)
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