GREAT INVESTMENT PROPERTY AT 15.4% CAP RATE!! Great opportunity to buy a remodeled manufactured home at the Caribbean Park (13660 Tamiami Trail N). The unit is a fully furnished 2/2, rented until 8/31/2018 to solid tenants. Caribbean park is a pet-friendly, beautiful, well maintained 55+ Community in North Naples. Excellent location, 10 minutes from the beach, across the street from a shopping center, Walgreen's & CVS and 4 miles from Mercato Shopping Center, and also two miles north from Publix, and Walmart Super Center. Financials: Yearly rental income $10,800 Yearly expenses for land rent $6,960 ROI $3,840 CAP Rate 15.4% Included in the land rent: water, garbage, lawn care, outdoor storage, additional parking, swimming pool and a Community Center. Dimension are: living area 13 x 56 = 728 + lanai with vinyl floor and blinds (10 x 23) + Huge Shed (10 x 10) + Carport for two cars (33 x 13) Roof, carport, Central A/C and shed are new from 2006. It has brand new: paint (walls and ceiling) & floor (brown parquet). Four ceiling fans and three HD flat TV (24, 32' & 38' inch). Fully furnished with almost brand-new washer and dryer inside the house.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
