For the real estate investor, there is one neighborhood in Naples, that stands out offering the best rental income return along with the best appreciation going forward. NAPLES PARK is surging through a transition with lots of new construction and renovations bringing up the property values of everyone in the neighborhood. Rarely does the real estate investor enjoy both a good return and appreciation at the same time.
What drives this neighborhood?
- Location! The homes in Naples Park are within walking distance to both Vanderbilt Beach and Delnor-Wiggins State Beach Park. A public boat ramp is a mile north. In addition, Mercato is just on the other side of Tamiami Trail (Route 41) offering Whole Foods, restaurants, nightlife, movie theater and shopping. All the essentials are nearby and access to everything you or a tenant needs is convenient.
- Affordable. Naples Park is the one and only affordable neighborhood of single family homes that is west of 41. There is a wide price range depending on age, condition and specific location within the neighborhood. Currently, asking prices range from $275,000 to $800,000 with the sweet spot between $350,000 and $550,000.
- No homeowners association. There are no monthly or quarterly fees. Most importantly, there are no restrictions for renting. Annually, monthly, weekly and even daily rentals are acceptable. Seasonal rentals yield the highest gross income because of the proximity to the Gulf of Mexico beaches.
- Pet friendly. There are no restrictions on pets for homeowners. In addition, the property owner decides on his or her own pet policy for tenants. A pet friendly property is able to ask higher rents.
If you are a pure investor, this is the single best opportunity for rental income and appreciation. If you are a second home buyer on a budget who wants rental income when you are not occupying the house, this is the location for you.
To learn more about homes currently on the market for sale, call Tim Cranch at 239-272-4848 now.
For information about potential rental income and property management, call Ellie Penaranda at 239-776-5077 now.
As full time real estate professionals, we represent both buyers and sellers in Naples. If you are a seller, we market your home to local, national and international buyers for the best results. If you are a buyer, we listen well and will find your own “Piece of Paradise” at the best negotiated price that fits your budget
Tim Cranch at 239-272-4848 Ellie Penaranda at 239-776-5077