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Excellent opportunity to acquire a duplex investment property with strong income potential. This property features two separate units, each with its own address (595 & 591 101st Street), offering flexibility and multiple income streams.
Ideal for long-term rentals, short-term rental strategies, or a combination of both, the duplex layout helps reduce vacancy risk while maximizing income potential. Located in an established area with consistent rental demand, it’s well-suited for investors looking to expand or diversify their portfolio.
Highlights:
Duplex with two separate addresses: 595 & 591 101st Street
Strong income-producing potential
Opportunity to increase rents and maximize ROI
Desirable location with ongoing rental demand
Both have their own garage
Just minutes from Mercato’s dining, shopping, and entertainment, as well as Naples’ world-class beaches, this property is highly attractive to both seasonal and annual tenants. With continued demand in Naples Park, opportunities like this are increasingly rare.
With the potential for rent optimization and value enhancement through strategic management or updates, this duplex offers both immediate income and upside growth. Its configuration supports a variety of rental strategies, further enhancing its appeal to investors.
Property Highlights:
Duplex with two separate addresses: 595 & 591 101st Street
Multiple income streams from two independent units
Strong rental demand in the surrounding area
Value-add and long-term appreciation potential
Ideal for investors looking to expand or strengthen their portfolio
This property represents a solid investment opportunity for buyers focused on income, scalability, and long-term returns.
Lot size is approximately 0. 32 acres (14, 168 ± sq ft) per survey on file.
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William Raveis Real Estate
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $740,000 | $740,000 | $740,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.289% | 6.259% | 6.164% |
| Monthly Tax Payment | $691 | $691 | $691 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,377 | $4,496 | $6,245 |
| Total Monthly Payment | $5,160 | $5,279 | $7,028 |
* 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.