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Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage No
Taxes $12,602
Days Active 145
Lot Size 
Approx. Age 1985
MLS® Number 225016920

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

HOT, HOT, HOT development opportunity! This combined 1.54 AC package on Santa Cruz Blvd in Kings Lake is an investor's utopia. With existing annual leases on the high-demand existing 4 units, 25 total units are approved with Collier County for these parcels. That will wrap up Kings Lake allowable units. Anticipate leasing the new units before they are even built. Proximity to 5th Ave, Naples beaches, freeway access and ancillary shopping entitles Kings Lake to be one of Naples most coveted neighborhoods. Secluded and walkable, this desirable private setting is ideal and provides all the things residents of Naples, FL desire. In addition to the precious vacant land, this package contains 4 unique and inspiring 2BD | 2BA townhomes over 2 floor plans, 2 with dens, and all include private detached garages! Secluded patios for each unit spill out into the beautifully landscaped and maintained yard with views of the lake and private pool. Second level lanai for the inside 2 units as well as an extra loft space for added breathing room. Wonderful tenants, strong rents and a thriving rental market set up a clear winning combination for success. Water retention can be placed under parking lots to maximize parking. All contemplated units fit on the parcels with ingress/egress drawn for fire. Lots of work done on planning so far makes this a slam dunk for buy & hold investors. Don't sleep on this.Show Description
MLS® Number225016920
Laundry Level
Central VacNo
FireplaceNo
Acreage1.54
Exterior
GarageNo
Approx. Age1985
Basement
Driveway
Garage Spaces
HeatCentral Electric
A/CCeiling Fan(s), Central Electric
Heating Fuel

Extras

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