Golden Gate Apartments | 4648 Golden Gate Pky
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Golden Gate Apartments 4648 Golden Gate Pky
8 Unit Block of Flats £1,764,922 (£220,615/Unit) 5.90% Net Initial Yield Naples, FL 34116
Investment Highlights
- More than $100,000 in recent capital improvements, including new windows, parking lot maintenance and updated siding
- Renovated units feature vinyl plank flooring, stainless steel appliances, new cabinets, light fixtures, windows, countertops and sinks
- $95,894 Average Household Income within a two-mile radius
- 5 of 8 units have been fully renovated
- Each unit is equipped with washer and dryer appliances
- Naples ranks #1 as the safest place to live in Florida (SimpleShowing)
Executive Summary
An 8-unit multifamily property in Naples, FL. Favorable unit mix consisting of eight two-bedroom two-bath units. Roof replaced in 2021
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,764,922 | Building Class | C |
| Price Per Unit | £220,615 | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 7,168 SF |
| Net Initial Yield | 5.90% | Average Occupancy | 100% |
| No. Units | 8 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 0.84/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | £1,764,922 |
| Price Per Unit | £220,615 |
| Sale Type | Investment |
| Net Initial Yield | 5.90% |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 7,168 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1984 |
| Parking Ratio | 0.84/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 8 | £1,726 | 896 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £475,288 (2023) | |
| Land Assessment | £504,051 (2023) | Total Assessment | £979,339 (2023) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£504,051 (2023)
Improvements Assessment
£475,288 (2023)
Total Assessment
£979,339 (2023)
zoning
| Zoning Code | RMF-12-GGD |
| RMF-12-GGD |
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Golden Gate Apartments | 4648 Golden Gate Pky
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