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Looking for a source of passive income? Look no further! This fully furnished unit can be purchased for personal use or as a passive investment opportunity. It's currently enrolled in the hotel management program, which means all of your leasing and maintenance will be expertly handled for you. Although currently unoccupied, the previous long-term tenant paid below market rates for the last 10 years, resulting in a net revenue of $12,990 in 2022. The new owner has the chance to unlock the full income-generating potential of this property. This unit is ideally located just one mile away from the pristine white sandy beaches of Naples and 5th Avenue. You'll be able to indulge in all the delights of the Gulfcoast Inn, a dream vacation destination that offers resort-style amenities such as a pool, spa, and tiki bar. Imagine having the opportunity to vacation in paradise at your convenience while also offsetting your costs by renting it out hassle-free. This investment opportunity is truly a rare find. Don't miss out on the chance to own an affordable unit this close to all the wonderful things Naples has to offer!
Information last updated on Wednesday, August 23rd, 2023 at 02:10 PM
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2024 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
The data relating to real estate for sale on this limited electronic display come in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than Equity Realty are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program.
$136,000