8243 Key Royal Circle
Naples Fl 34119
0.38 Acres $895,000
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*MASSIVE PRICE DROP!!!* Looking for a passive income money-maker? This is 5 storage buildings located off the busiest road in Naples!! Gated HOA takes care of all maintenance such as lawn care and electric. Exclusively for the Tenants inside the Condo complex as well as Laurel Lakes next door.! Currently 58% occupied and performing about a 6.5 cap. Potential for 8/9 cap with proper marketing and incentives to lease vacant units. Able to convert 2 smaller 6x12s and a 12x12 into a large, 12x24 to hold cars or small boats! No running water or A/C units at this facility. Website, client list, security deposits and owners storage all convey with sale. Priced for a quick sale - scoop up this inflation beater and own land in booming North Naples while making easy monthly income! No storefront or employees needed! Rent Roll, Income statement, Survey, Environmental Phase 1, PRICED BELOW $1.15ML Appraisal available! Owners selling their Florida Properties and are motivated to make a sale! Lots of growth opportunities here and hedge against inflation!
8243 Key Royal Circle
Naples Fl 34119
$895,000
- Collier County
- Date updated: 05/05/2024
Features
| Lot Size: | 0.38 acres |
| Year Built: | 2002 |
| Pool: |
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| Roof: |
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| Property Type: | Commercial |
| Taxes: | $7,149 |
FGCMLS #224010769 | |
Listing Courtesy Of: Marc Middleton, Coldwell Banker Realty
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Properties marked with the FGCMLS are provided courtesy of The Florida Gulf Coast Multiple Listing Service, Inc.
Properties marked with the SANCAP are provided courtesy of Sanibel & Captiva Islands Association of REALTORS®, Inc.