Looking for a source of passive income? Look no further! This fully furnished unit can be purchased for personal use or as a passive investment opportunity. It's currently enrolled in the hotel management program, which means all of your leasing and maintenance will be expertly handled for you. Although currently unoccupied, the previous long-term tenant paid below market rates for the last 10 years, resulting in a net revenue of $12,990 in 2022. The new owner has the chance to unlock the full income-generating potential of this property. This unit is ideally located just one mile away from the pristine white sandy beaches of Naples and 5th Avenue. You'll be able to indulge in all the delights of the Gulfcoast Inn, a dream vacation destination that offers resort-style amenities such as a pool, spa, and tiki bar. Imagine having the opportunity to vacation in paradise at your convenience while also offsetting your costs by renting it out hassle-free. This investment opportunity is truly a rare find. Don't miss out on the chance to own an affordable unit this close to all the wonderful things Naples has to offer!
Courtesy of Royal Shell Real Estate, Inc..
Selling Office: Premiere Plus Realty Company.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than this company are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available through the BR Program. The information provided is for consumers’ personal, non-commercial use and may not be used for any other purpose.