falls of portofino · dogs allowed < 50 lbs sale price: $1,190,000 units: 5 price per unit:...

7020 Ambrosia Lane, Naples, FL 34119

FALLS OF PORTOFINO

RESIDENTIAL INVESTMENT PORTFOLIO FOR SALE

PROPERTY OVERVIEW-Portfolio of 5 units-Financing available for individual units with local bank-Recent sales just under $141/SF

PROPERTY FEATURES5 townhouse units for sale

Units Sold in 2008 for >$400,000

100% occupied

Easy to rent

Built in 2006-7

Lots of amenities

Clubhouse

Pool

Weight/exercise room

Dogs allowed < 50 lbs

SALE PRICE: $1,190,000

UNITS: 5

PRICE PER UNIT: $238,000

CAP RATE: 6.24%

NOI: $74,306

BUILDING SIZE: 9,314 SF

PRICE PER SQUARE FOOT: $127

YEAR BUILT: 2007

ZONING: Residential

MARKET: South Florida

SUB MARKET: Naples

KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176

Each Office Independently Owned and Operated kwcommercial.com

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0: 786.433.2939C: 786.433.2939info@icmgroup.usFL #3220032

KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176

Each Office Independently Owned and Operated kwcommercial.com

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0: 786.433.2939C: 786.433.2939info@icmgroup.usFL #3220032

7020 Ambrosia Lane, Naples, FL 34119

FALLS OF PORTOFINO

RESIDENTIAL INVESTMENT PORTFOLIO FOR SALE

KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176

Each Office Independently Owned and Operated kwcommercial.com

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0: 786.433.2939C: 786.433.2939info@icmgroup.usFL #3220032

7020 Ambrosia Lane, Naples, FL 34119

FALLS OF PORTOFINO

RESIDENTIAL INVESTMENT PORTFOLIO FOR SALE

KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176

Each Office Independently Owned and Operated kwcommercial.com

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0: 786.433.2939C: 786.433.2939info@icmgroup.usFL #3220032

7020 Ambrosia Lane, Naples, FL 34119

FALLS OF PORTOFINO

RESIDENTIAL INVESTMENT PORTFOLIO FOR SALE

INCOME SUMMARY CURRENT PER SF

Rental Income $109,800 $11.79

GROSS INCOME $109,800 $11.79

EXPENSE SUMMARY CURRENT PER SF

Taxes $10,653 $1.14

Association Dues $24,840 $2.67

GROSS EXPENSES $35,493 $3.81

NET OPERATING INCOME $74,306 $7.98

7020 Ambrosia Lane, Naples, FL 34119

FALLS OF PORTOFINO

RESIDENTIAL INVESTMENT PORTFOLIO FOR SALE

KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176

Each Office Independently Owned and Operated kwcommercial.com

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0: 786.433.2939C: 786.433.2939info@icmgroup.usFL #3220032

7020 Ambrosia Lane, Naples, FL 34119

FALLS OF PORTOFINO

RESIDENTIAL INVESTMENT PORTFOLIO FOR SALE

TENANTNAME

UNITNUMBER

UNITBED

UNITBATH

UNITSIZE (SF)

LEASEEND

CURRENTRENT

CURRENTRENT (PER SF)

MARKETRENT

1504 4 2.5 1,822 9/30/2019 $1,800 $0.99 $1,900

1102 4 2.5 1,890 4/30/2019 $1,850 $0.98 $1,900

1502 4 2.5 1,890 10/31/2019 $1,850 $0.98 $1,900

1904 4 2.5 1,822 3/31/2019 $1,800 $0.99 $1,900

702 4 2.5 1,890 12/31/2019 $1,850 $0.98 $1,900

TOTALS/AVERAGES 9,314 $9,150 $0.98 $9,500

KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176

Each Office Independently Owned and Operated kwcommercial.com

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0: 786.433.2939C: 786.433.2939info@icmgroup.usFL #3220032

KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176

Each Office Independently Owned and Operated kwcommercial.com

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0: 786.433.2939C: 786.433.2939info@icmgroup.usFL #3220032

* Demographic data derived from 2010 US Census

7020 Ambrosia Lane, Naples, FL 34119

FALLS OF PORTOFINO

RESIDENTIAL INVESTMENT PORTFOLIO FOR SALE

ETHNICITY 1 MILE 3 MILES 5 MILES

% HISPANIC 11.7% 14.7% 28.5%

RACE 1 MILE 3 MILES 5 MILES

% WHITE 94.0% 93.8% 86.7%

% BLACK 3.5% 3.2% 6.8%

% ASIAN 1.5% 1.6% 1.8%

% HAWAIIAN 0.0% 0.0% 0.0%

% INDIAN 0.0% 0.0% 0.2%

% OTHER 0.4% 0.9% 4.0%

POPULATION 1 MILE 3 MILES 5 MILES

TOTAL POPULATION 4,719 28,555 86,070

MEDIAN AGE 44.4 44.6 40.8

MEDIAN AGE (MALE) 44.3 44.2 39.6

MEDIAN AGE (FEMALE) 44.5 45.0 41.9

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

TOTAL HOUSEHOLDS 1,704 10,222 29,742

# OF PERSONS PER HH 2.8 2.8 2.9

AVERAGE HH INCOME $96,373 $96,314 $85,916

AVERAGE HOUSE VALUE $451,906 $463,016 $411,937

7020 Ambrosia Lane, Naples, FL 34119

FALLS OF PORTOFINO

RESIDENTIAL INVESTMENT PORTFOLIO FOR SALE

KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176

Each Office Independently Owned and Operated kwcommercial.com

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0: 786.433.2939C: 786.433.2939info@icmgroup.usFL #3220032

7020 Ambrosia Lane, Naples, FL 34119

FALLS OF PORTOFINO

RESIDENTIAL INVESTMENT PORTFOLIO FOR SALE

KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176

Each Office Independently Owned and Operated kwcommercial.com

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0: 786.433.2939C: 786.433.2939info@icmgroup.usFL #3220032

7020 Ambrosia Lane, Naples, FL 34119

FALLS OF PORTOFINO

RESIDENTIAL INVESTMENT PORTFOLIO FOR SALE

KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176

Each Office Independently Owned and Operated kwcommercial.com

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0: 786.433.2939C: 786.433.2939info@icmgroup.usFL #3220032

7020 Ambrosia Lane, Naples, FL 34119

FALLS OF PORTOFINO

RESIDENTIAL INVESTMENT PORTFOLIO FOR SALE

KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176

Each Office Independently Owned and Operated kwcommercial.com

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0: 786.433.2939C: 786.433.2939info@icmgroup.usFL #3220032

7020 Ambrosia Lane, Naples, FL 34119

FALLS OF PORTOFINO

RESIDENTIAL INVESTMENT PORTFOLIO FOR SALE

KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176

Each Office Independently Owned and Operated kwcommercial.com

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0: 786.433.2939C: 786.433.2939info@icmgroup.usFL #3220032

7020 Ambrosia Lane, Naples, FL 34119

FALLS OF PORTOFINO

RESIDENTIAL INVESTMENT PORTFOLIO FOR SALE

KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176

Each Office Independently Owned and Operated kwcommercial.com

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0: 786.433.2939C: 786.433.2939info@icmgroup.usFL #3220032