2315 Bayside StNaples, FL 34112

Property Details for 2315 Bayside St

Lot size

0.60 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 8-unit apartment building presents a compelling investment opportunity in Naples, Florida's desirable East Naples neighborhood. The property, comprised of four single-story duplex buildings, boasts 5,200 square feet of rentable space situated on a 0.6-acre lot. Each of the eight units features two bedrooms and one bathroom, recently renovated with condo-quality finishes including vinyl plank flooring, updated fixtures, stainless steel appliances, granite countertops, and hardwood cabinets. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $119,120, representing a 6.11% capitalization rate. The asking price is $1,950,000, or $243,750 per unit. Conveniently located near Tamiami Trail (US Route 41), this prime location offers easy access to shopping, dining, and major transportation routes, including proximity to downtown Naples, Naples Airport, and Interstate 75. The surrounding area features a strong population base with high average household incomes and projected population growth, ensuring a stable and potentially appreciating asset. Built in 1973 and 1974, this property offers a blend of established income and renovation-driven value. The property's location also benefits from its proximity to several colleges and universities, further enhancing its long-term investment potential. This fee-simple ownership opportunity provides a strong return on investment in a thriving Florida market.

Location Insight

City

Naples

County

Collier

State

Florida

Latitude

26.132

Longitude

-81.7696

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].