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Stabilized 6-plex in between Goodlette & US41 960 Morningside Dr 6 Unit Apartment Building $2,783,751 CAD ($463,959 CAD/Unit) 4.83% Cap Rate Naples, FL 34103
Investment Highlights
- The property is a stabilized six-unit multifamily asset that is currently 100% leased, providing immediate in-place income.
- The 7,077-square-foot building is situated on a 1.03-acre site and includes 27 on-site parking spaces.
- Originally built in 1980, all unit interiors were renovated in 2017, and the property received a new roof in 2024
- Each of the six units consists of a two-bedroom, two-bathroom layout with approximately 1,200 square feet per unit.
- The property is ideally located in the Park Shore corridor just off US-41 within the Naples Twin Lakes neighborhood.
- The asset is constructed of CBS and is zoned MF-8, allowing for less than 10 units per acre within Collier County.
Executive Summary
*DO NOT ENTER PROPERTY - DO NOT DISTURB TENANTS* Hard-to-find stabilized 6-plex in the heart of Naples. Located just off US41 in Park Shore corridor. All units are 2-bed, 2-bath (approx. 1,200sf each). 100% leased. 1.03 acres +/- with 27 parking spaces. Interiors of all units were renovated in 2017. New roof in 2024. CBS Construction. Please contact listing agent for further details. *DO NOT ENTER PROPERTY - DO NOT DISTURB TENANTS*
Property Facts
| Price | $2,783,751 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $463,959 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.03 AC |
| Cap Rate | 4.83% | Building Size | 7,077 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1980/2017 |
| Zoning | MF-8 - Multi-family - less than 10 units per acre (Collier County) | ||
| Price | $2,783,751 CAD |
| Price Per Unit | $463,959 CAD |
| Sale Type | Investment |
| Cap Rate | 4.83% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 7,077 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2017 |
| Zoning | MF-8 - Multi-family - less than 10 units per acre (Collier County) |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Tile Floors
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
- Family Room
- Lawn
- Patio
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 6 | $3,008 CAD | 1,200 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 60630120002 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,581,645 CAD |
Property Taxes
Parcel Number
60630120002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,581,645 CAD
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Stabilized 6-plex in between Goodlette & US41 | 960 Morningside Dr
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