For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Updated Condo with Coastal Charm Title is generated by Realmo AI

    5435 Rattlesnake Hammock Road E-304, Naples, FL 34113

    View on Map
    Claim this Listing
    For Sale
    $249,000

    Move-in-ready, updated 2BD/2BA condo with canal views.

    Type:Condo/Townhome
    Property size:
    1,071 SF
    Price / SF:
    $232/SF
    Added:
    Jul 3, 2024
    Days on Market:
    727
    Last Refresh:
    May 19 at 8:59 pm

    Property Features for 5435 Rattlesnake Hammock Road E-304

    General Information

    Standard status
    Active
    Size
    1,071 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1975

    We can help!

    Contact an agent
    Linda Hoeckelberg

    Listing office eXp Realty LLC

    Listing date Jul 3, 2024

    Source Exitrealty

    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 eXp Realty LLC

    HighLights

    • Move‑in ready and furnished with coastal charm.
    • Updated kitchen with white cabinetry, granite countertops, and subway tile backsplash.
    • Cable and internet included in condo fee.
    • Screened lanai with canal view and bird watching opportunities.
    • Community amenities: elevator, covered parking, and pool.
    • Close proximity to downtown Naples, restaurants, and beaches.

    Overview

    This updated and furnished 2BD/2BA condo is move-in-ready. The kitchen features a bright "Florida" custom design with white cabinetry, sleek granite, and a luminous subway tile backsplash. Custom recessed lighting in the kitchen creates a warm, inviting atmosphere. Tiled flooring extends throughout the unit, complemented by updated trim and crown molding in the living area, along with a custom-designed breakfast-bar wall. The guest bedroom suite includes a sliding pocket door separating it from the main living area and a modernized tiled shower with a vanity boasting a quartz vanity top. The primary bedroom suite features an extra-large closet and a modernized ensuite bath. Updated lighting fixtures are present throughout. The screened lanai overlooks canal waters and golfers. The community offers a common elevator, covered parking, and a community pool. A public golf course is located next door. The condo fee includes cable and internet. The property is a short drive from downtown Naples shopping, restaurants, and beaches. Nature lovers can enjoy bird watching.

    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 $27.9k $26.04
    − Vacancy −$1.5k −$1.35
    EGI $26.4k $24.69
    − OpEx −$11.9k −$11.11
    NOI $14.5k $13.58
    1,071 SF · lease $26.04/SF/yr · vacancy 5.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $207.7K
    $181.8K – $242.4K (±1% cap)
    NOI $14,541 @ 7.0% cap · market cap 5.84%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $429.8K
    $376.1K – $501.5K (±1% cap)
    NOI $30,089 @ 7.0% cap · market cap 12.08%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Country Club Manor Condominium Complex

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.736427
    Latitude
    26.1084398

    FAQs

    What type of property is this?
    Residential income property - Move-in-ready, updated 2BD/2BA condo with canal views.
    Where is this residential income property located?
    The property is located at 5435 Rattlesnake Hammock Road E-304 Naples, FL.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Move‑in ready and furnished with coastal charm.; Updated kitchen with white cabinetry, granite countertops, and subway tile backsplash.; Cable and internet included in condo fee.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message