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Multifamily

Talon Bay

2485 Bayside St, Naples, FL 34112

Listing Price: $2,450,000

Cap Rate
4.87%
Number of Units
10
Price/Unit
$245,000
Price/Gross SF
$405.29
Gross SF
6,045

Investment Overview

A 10-unit community located in Naples, Florida

Investment Highlights

  • A 10-unit community located in Naples, Florida
  • Concrete block construction with both metal and composition shingle roofs
  • Conveniently located 0.1 +/- miles from Bayshore Drive, which sees approximately 14,799 VPD
  • Attractive unit mix of all two-bedroom/one-bathroom units
  • Offers the ability to grow rents by approximately $261 per unit monthly through the continuation of the strategic renovation plan
  • Strong tenant base with an average household income of approximately $82,943 within a two-mile radius
  • Provides easy access to Tamiami Trail/US-41, the main north/south corridor in the area
  • Solid NOI growth of approximately 19% achievable within a two-year hold period through the continuation of the renovation program

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Multifamily

Talon Bay

Listing Price: $2,450,000

Cap Rate
4.87%
Number of Units
10
Price/Unit
$245,000
Price/Gross SF
$405.29
Gross SF
6,045

Investment Highlights

  • A 10-unit community located in Naples, Florida
  • Concrete block construction with both metal and composition shingle roofs
  • Conveniently located 0.1 +/- miles from Bayshore Drive, which sees approximately 14,799 VPD
  • Attractive unit mix of all two-bedroom/one-bathroom units
  • Offers the ability to grow rents by approximately $261 per unit monthly through the continuation of the strategic renovation plan
  • Strong tenant base with an average household income of approximately $82,943 within a two-mile radius
  • Provides easy access to Tamiami Trail/US-41, the main north/south corridor in the area
  • Solid NOI growth of approximately 19% achievable within a two-year hold period through the continuation of the renovation program

Investment Overview

A 10-unit community located in Naples, Florida

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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