Description

Rare Kings Lake offering combining immediate rental income with documented additional development potential. Seven-parcel, 1.54± acre assemblage: a fully occupied four-unit townhome building (four separately deeded fee-simple residences under one roof), a separately deeded common-area parcel with private heated saltwater pool, and two adjoining vacant development parcels. Listing includes PID #'s - 52951440000, 52951200004, 52951160005, 52951240006, 52951280008, 52951320007, 52951360009. The four residences — 8 BR / 8 BA plus 2 dens, 4,432± SF combined — feature private detached garages, secluded patios, second-level lanais on the inside units, impact-rated windows, and beautifully landscaped, lake-oriented grounds. 100% occupied on annual leases with $120,240 in annualized scheduled rent and strong tenant history. Seller has obtained a Collier County Zoning Verification Letter documenting the property’s development history and the potential for additional multifamily development on the two vacant parcels, subject to applicable requirements and county approvals. Professional boundary survey, engineering documents, concept plans, and the Zoning Verification Letter are available, with additional operating information provided to qualified purchasers. Minutes to Fifth Avenue South, downtown Naples, and Gulf beaches. Offered as a complete assemblage; list price reflects the entire seven-parcel portfolio. Well suited to investors, developers, builders, family offices, and 1031 exchange buyers. All information deemed reliable but not guaranteed; buyers to verify.

Provided by Sand Dollar Realty Group Inc