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HOT, HOT, HOT development opportunity! This combined 1.54 ac package on Santa Cruz Blvd in Kings Lake is an investor's utopia. With existing annual leases on the high-demand existing 4 units, 25 total units are approved with Collier County for these parcels. That will wrap up Kings Lake allowable units. Anticipate leasing the new units before they are even built. Proximity to 5th Ave, Naples beaches, freeway access and ancillary shopping entitles Kings Lake to be one of Naples most coveted neighborhoods. Secluded and walkable, this desirable private setting is ideal and provides all the things residents of Naples, FL desire. In addition to the precious vacant land, this package contains 4 unique and inspiring 2BD | 2BA townhomes over 2 floor plans, 2 with dens, and all include private detached garages! Secluded patios for each unit spill out into the beautifully landscaped and maintained yard with views of the lake and private pool. Second level lanai for the inside 2 units as well as an extra loft space for added breathing room. Wonderful tenants, strong rents and a thriving rental market set up a clear winning combination for success. Water retention can be placed under parking lots to maximize parking. All contemplated units fit on the parcels with ingress/egress drawn for fire. Lots of work done on planning so far makes this a slam dunk for buy & hold investors. Don't sleep on this.

PROPERTY FEATURES

Irrigation Source : Other
Utilities : CableAvailable Water Source : Public Sewer System : PublicSewer
Community Features : NonGated
Exterior Features : Deck,Fence,SprinklerIrrigation,Patio Lot Features : MultipleLots,SprinklersAutomatic Roof : Tile Waterfront : Yes. Waterfront Features : Lake
Architectural Style : SeeRemarks Property Sub-Type Additional : Quadruplex Property Condition : Resale Zoning Description : PUD Pool Features : InGround
Heating : Yes. Heating : Central,Electric Cooling : Yes. Cooling : CentralAir,CeilingFans,Electric
Construction Materials : Stucco,WoodFrame
Interior Features : HighSpeedInternet Window Features : SingleHung Flooring : Tile,Vinyl

PROPERTY DETAILS

Street Address: 2708 Santa Cruz Boulevard
City: Naples
State: Florida
Postal Code: 34112
County: Collier
MLS Number: 225016920
Year Built: 1985
Courtesy of Premiere Plus Realty Company

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