Naples Condo in Gated
1240 Wildwood Lakes Boulevard 203 Naples, FL 34104
1240 Wildwood Lakes Boulevard 203, Naples, FL, 34104
$299,000
Pending
For Sale
$299,000
Pending
Two-bedroom, two-bathroom condominium in Naples, Florida.
Property Size1,042 SF
Days on Market613
Property Features for 1240 Wildwood Lakes Boulevard 203
General Information
- Standard status
- Pending
- Size
- 1,042 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2000
Listing agency
Coldwell Banker Realty
(239) 877-7080
Listed by
Jake Harcarik · License #249529971
(239) 877-7080
Source
Exitrealty
Added: Nov 15, 2024 Updated: Jul 10 at 1:04PM Checked: Jul 21 at 5:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This condominium is located within a gated community in Naples, Florida. The second-floor unit features 2 bedrooms and 2 bathrooms. The property includes a spacious eat-in kitchen equipped with new appliances. Durable vinyl flooring is installed throughout the unit. Recent upgrades include a newer AC unit and a new water heater. The property offers low-maintenance living and is suitable for seasonal or year-round occupancy. The unit has a total size of 1042 square feet.
Key Highlights
- Prime location in Naples, FL.
- Gated community for enhanced security and privacy.
- Enjoy cooking with brand new kitchen appliances.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.1k | $26.04 |
| − Vacancy | −$1.4k | −$1.35 |
| EGI | $25.7k | $24.69 |
| − OpEx | −$11.6k | −$11.11 |
| NOI | $14.1k | $13.58 |
1,042 SF · lease $26.04/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$202.1K
$176.9K – $235.8K
NOI $14,148 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$418.2K
$365.9K – $487.9K
NOI $29,274 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Two-bedroom, two-bathroom condominium in Naples, Florida.
Where is this residential income property located?
The property is located at 1240 Wildwood Lakes Boulevard 203 Naples, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Prime location in Naples, FL.; Gated community for enhanced security and privacy.; Enjoy cooking with brand new kitchen appliances.
