1501 Chesapeake Avenue

Naples, FL 34102

5,324 sq ft | 6 beds | 8 baths
$3,950,000
For Sale
Listed: January 7, 2025
MLS#: 225001507

Property Description

Investors - endless potential - prime investment opportunity on the water in Naples and close to downtown 5th Avenue, Naples. This well-maintained, solid concrete block construction quadruplex on the water offers four units with excellent income potential. Six ample parking spaces, a large shared heated pool, with a 6-foot privacy fence give the occupants a perfect getaway retreat. Each furnished unit has two full baths and two full bedrooms, a fully equipped kitchen with granite countertops, laundry room, dining room, open-concept living room (second-floor units have vaulted ceilings in living area) and a lanai overlooking the water. Each unit has wood/tile flooring, plantation shutters, custom glass shower doors and new ceiling fans. First-floor units offer a conjoining door that allows for the entire first floor to be shared as one unit. (Perfect for a large family.) Each unit can be rented individually. Boaters enjoy a brand new 60-foot boat dock with composite decking, boat slip equipped with bumpers to protect your vessel and quick, no-bridge access to Naples Bay and the Gulf. Your vision, your opportunity!

Key Details

Price
3,950,000
Bedrooms
6
Bathrooms
8
Living Area
5,324 SqFt
Year Built
1987
Lot Size
0.29 Acres
Property Type
Residential
Property Subtype
Condominium
County
Collier
Subdivision
OYSTER BAY
Pool
Yes (Concrete,ElectricHeat,Heated,InGround,Community)
Cooling
Yes (CentralAir,Electric)
Heating
Yes (Central,Electric)
Flooring
Tile,Wood
Roof
Shingle
Taxes (Annual)
$22,100 (Year: 2024)

Location

Community

No community information available for OYSTER BAY.

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Listing courtesy of: John D'Amelio, Premier Sotheby's Int'l Realty
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