4575, 16th Street Northeast, Naples, Florida, 34120
SOLD! $369,990
Additional Details
- Important Details: --> 30 day post occupancy with $7500 escrow holdback and $2500 rent for Oct. --> 1.14 Acres
- Features: Naples deal in highly desired Golden Gates Estates! This 4 bedroom, 2 bathroom concrete block home features 1,721 sqft, an attached two car garage, screened in lanai, and sits on a deep 1.14-acre lot. Located close to important commuter roads, excellent schools, and Big Corkscrew Island Regional Park, this home is prime for the retail market. Act quick! This deal won't last long, and the finished renovated home will move even quicker on the open market!
- Potential ARV: $500,000-$520,000
- Rehab Description: For a flip or rental this needs a full rehab to the kitchen, bathrooms, flooring, fixtures, and appliances. The roof needs replacement and the AC unit is in good working order. Finish off by applying fresh interior/exterior paint, deep clean, and do some landscaping to boost curb appeal!
- Estimated Rehab: $55,000-$65,000
- Comparable Rent: $3000-$3300/MO
- Ideal Investment Strategy: Resale/Rental
- Construction: CBS
- Comp 1: 4465 12th St NE, Naples, FL 34120 3/2 1237 SQFT 1998 Build 1.13 Acres SOLD @ $440,000 08/16/24 (Smaller by over 450 sqft/one less bedroom/dated with a newer roof)
- Comp 2: 4470 12th St NE, Naples, FL 34120 3/2 1324 SQFT 1998 Build 1.14 Acres SOLD @ $460,000 07/31/24 (Smaller by over 350 sqft/one less bedroom/some updates)
- Comp 3: 1285 47th Ave NE, Naples, FL 34120 3/2 1354 SQFT 1999 Build 1.59 Acres SOLD @ $550,000 02/23/24 (Smaller by over 375 sqft/one less bedroom/dated)
- Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Tab