1620 Gulf Coast Dr Naples, FL 34110

Package of 5 income producing properties available now. All 5 manufactured homes are located in the same north Naples gated community within walking distance from one another. Landmark Naples is the best 55+, gated manufactured community in Naples with a great location, 10 minutes from Mercato. Land...mark has tons of amenities like 2 heated pools, clubhouse, bocce courts, etc. watch video of the community. All units are double wides, around 1100 sf, with 2 bedrooms, 2 bathrooms, car port, laundry shed and partly furnished. All units are leased to long term, solid tenants that always pay on time. Monthly rents are $1,600 (includes water) and a big upside considering the rapid rent escalation in Naples. Lots are NOT included in this offer and the monthly lot rent for each unit is around $800 per unit. This package is being offered at 7% CAP rate. Pride is firm. photos of each unit and financial pro-forma is available in the listing supplements/attachments. Continue reading