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

Apartment buildings

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

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