tomo logo

$3,950,000

Beds
6
Baths
8.0
sq ft
5,324

1501 Chesapeake Ave, Naples, FL 34102

1501 Chesapeake Ave

Naples, FL 34102

  • 15 days on market
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!

Details

Property type

Condominium

Est. home value

$4,890,164

Lot size

0.29 acres

Price per sq ft

$742

Year built

1987

Annual property taxes

$22,100

HOA

Yes

Price History

01/07/2025

FGCMLS #225001507

Listed
$3,950,000
-16.84%
06/05/2024
NABOR

NABOR #223092998

Removed
$4,750,000
12/15/2023
NABOR

NABOR #223092998

Listed
$4,750,000

Schools & Community

Neighborhood: 

Royal Harbor

Elementary school: 

LAKEVIEW

Middle school: 

GULFVIEW

High school: 

NAPLES

Community features: 

Pool

Number of units in community: 

4

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Wayne Savings Community Bank

Loan start date

November 2022

Original loan amount

$3,520,000

Est. remaining balance

Not provided

Interest rate

6.02%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Twin Palms Of Naples Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/22/2025 at 10:35 AM

Listing updated: 01/08/2025 at 1:00 PM

Listed by: John D'Amelio, Premier Sotheby's Int'l Realty Phone #: (239) 659-0099

MLS: FGCMLS #225001507

FGCMLS logo

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