Presented byMadleine Porter |
THREE CONSECUTIVE LOTS! Dreaming of building your perfect home or multiple investment properties? Looking to remodel for rental income while planning your new construction, or hold onto a valuable piece of land as it appreciates over time? This property offers endless possibilities for the savvy investor looking to secure a property in one of Naples' fastest-growing neighborhoods! The property offers southern exposure, is completely fenced in and currently features a single-family residence with 3 bedrooms and 1 bathroom, which can be remodeled into a profitable investment property. A fully air-conditioned workshop/studio built in 2016 sits at the back of the property, complete with another bathroom, which can also be used or rented out separately. With no rental restrictions and no HOA restrictions, this is the perfect opportunity for short-term rentals to maximize income. Alternatively, it can simply be your own ideal home, offering tranquility and a peaceful sanctuary within beautiful Naples. Ideally located just 5 minutes (less than 3 miles) from the Beach and the vibrant Downtown 5th Avenue, you'll be close to art exhibitions, farmers markets, parks, gyms, excellent dining and boutique shopping.
The Bayshore Art District is Naples' top destination for new construction and redevelopment. The Naples Botanical Garden, Celebration Park, East Naples Community Park with 64 pickleball courts and a stadium, Rebecca's Wine Bar, art galleries, a public boat ramp, boat rentals, and more are within walking distance. Don't miss out on this prime opportunity. Property ID 81732560002 (1. 5 lots) and PID 8173520000 (1. 5 lots) total 0. 47 acres and are being sold together, as-is.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $716,000 | $716,000 | $716,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.235% | 6.723% | 6.826% |
Monthly Tax Payment | $84 | $84 | $84 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,644 | $4,585 | $6,286 |
Total Monthly Payment | $4,820 | $4,761 | $6,462 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.