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
Talon Bay
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
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
