RARE INVESTMENT OPPORTUNITY ON WATER IN NAPLES. . . . . close to downtown 5th Avenue, Third Street, Tin City, Naples Pier and beautiful Gulf beaches, this Quadruplex is a perfect corporate retreat or each unit can be rented individually. Both floors in the property have conjoining doors that allow for the entire floor to be shared as one unit, perfect for large family gatherings. BUT WAIT THERE'S MORE. . . ATTENTION BOATERS. . . this Quad comes with a brand new 60' long boat dock w/ composite decking and quick access to Naples Bay and the Gulf. The property features a large pool with new heater; 6' tall white vinyl privacy fence; brick paver pool deck and driveway with 6 guest parking spaces. Each of the 4 units is approx 1379 sq ft. ; 2 beds/2 full baths + flex room with custom plantation shutters + electric hurricane storm shutters and a screened-in lanai facing the canal. Additional photos of each unit from Rental Property Management Co plus incoming rentals already in place are available upon request.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,750,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
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 | $3,800,000 | $3,800,000 | $3,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.000% | 7.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.903% | 7.128% | 7.167% |
Monthly Tax Payment | $1,842 | $1,842 | $1,842 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $25,923 | $25,281 | $34,155 |
Total Monthly Payment | $27,890 | $27,248 | $36,122 |
* 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.