1011 7th St S Unit 1011, Naples, FL 34102

$350,750
1
BD
1
Full Bath
471
SqFt
Sold Price
$350,750
List Price
$569,000
Listing Price
$569,000
Closing Date
May 22, 2023
Days on Market
67
MLS#
223020512
Bedrooms
1
Bathrooms
1
Living Sq. Ft
471
Land SqFt
471
Property Class
Condo
Building Design
Low Rise (1-3)
Elementary School
Lake Park Elementary
Middle School
Gulfview Middle School
High School
Naples High School
Status Type
Known Damage
Status
SOLD
County
Collier
Region
NA06 - Olde Naples Area Golf Dr to 14th Ave S
Development
Olde Naples
Building Name
Colonial Manor

Property Description

Looking for a visionary investor to transform this hurricane-damaged small beach cottage-type condo into a charming retreat. Located in downtown Naples, this property offers the potential for a lucrative investment opportunity. This cozy condo has suffered damage from Hurricane Ian, but with the right vision and resources, it can be transformed into a stunning vacation home or rental property. The interior could feature an open-concept one-bedroom, one-bath bungalow with a compact kitchen. Think tiny home design! A shared patio, storage area, and common laundry room are in the back of the building. Take advantage of the Naples sunsets on your private front patio. The close proximity of Naples City Dock, 3rd St South, 5th Avenue South, restaurants, entertainment, art galleries, shopping, and the beautiful Gulf of Mexico beaches make this spot a desirable vacation spot. While the property requires extensive repairs, the potential rewards are significant. With the right vision and investment, this hurricane-damaged condo can be transformed into a valuable asset in a highly sought-after location.

Additional Information

Tax Amount
$1,777
Tax Year
2022
Year Built
1974
furnished
Unfurnished
Pets
With Approval
Amenities
Common Laundry, Extra Storage
Community Type
No Subdivision
View
Landscaped Area
Boat Access
None
Waterfront Description
None
Building Description
1 Story/Ranch
Lot Description
Corner, Regular
Construction
Concrete Block
Parking
1 Assigned, Paved Parking
Restrictions
Architectural, No Commercial, No RV
Rear Exposure
E
Roof
Shingle
Flooring
See Remarks
Windows
Casement
Exterior Features
Patio
Water
Central
Sewer
Central
Heat
Central Electric
Cooling
Central Electric
Irrigation
Central
Interior Features
Other
Equipment/Appliances Included
None
Dining Description
See Remarks
Bedroom Description
First Floor Bedroom, Master BR Ground
Rooms
Glass Porch
Master Bath Description
Remarks
Condo Fee
$725
Condo Fee Frequency
Quarterly
Total Annual Recurring Fees
$2900
Storm Protection
Shutters - Manual
Unit Floor
1
Furnished Description
Unfurnished

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Downing Frye Realty Inc.. Selling Office: Downing Frye Realty Inc..

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