3630 Croton RdNaples, FL 34104

Property Details for 3630 Croton Rd

Year built

2024

Lot size

0.80 AC

Property size (Sq ft)

15,684 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of six luxury apartment units situated across three meticulously crafted duplexes in the desirable Naples, Florida market. Built in 2024, this Class A property boasts a total of 15,684 square feet, offering 15,684 square feet of net rentable space. The property is comprised of three buildings, each three stories high, situated on a 0.8-acre lot. Each unit includes an attached guest suite with a separate entrance, providing added rental potential. The property's prime location offers easy access to Naples' renowned beaches, upscale shopping, and vibrant dining scene, including Celebration Park, Metropolitan Naples, and Fifth Avenue South. With a current asking price of $5,850,000 ($975,000 per unit), this investment presents a pro-forma cap rate of 5.79% and a pro-forma NOI of $338,480. The property is zoned RMF-6, allowing for flexibility in investment strategies, including potential condo conversion or continued operation as short-term rentals. This presents a unique opportunity to capitalize on the thriving vacation rental market or the strong demand for upscale condominium units in this rapidly appreciating area. The property's three separate addresses are 3630 Croton Rd, Naples, FL 34104

Location Insight

City

Naples

County

Collier

State

Florida

Latitude

26.1374

Longitude

-81.7668

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].