This is actualy 7 units!!!Cash flow dream 7 unit rentals in Naples,FL.Solid built concrete block construction and metal roof Consists of three duplexes and a free standing unit. Steps away from Wallmart,Bells,Collier County Government Center, 3 miles to downtown Naples. All units have electric metar.Off US41, east of Airport Road intersection, across from theCourthouseMLS allowes only to place single,duplex,triplex or quadriplex.This has 7 units.3 duplexes(3one br 3 two br)1 free standing efficiency unitTax is $1960Insurance $2500water $2000Dumpster $ 500Lawn $ 400.Total annual expense $7360Rent is $550 for studio3 x 1br are renting $650=$19503 x 2br are renting $750=$2250Income at 100% occupancy $4760/month x 12mos=$57,120Net income $57,120-$7,360=$49,760NOI$49,760 / Price $375,000=13.27% Cap rate
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