Duplex with Month-to-Month
4107 Mindi AVE, Naples, FL 34112
For Sale
$499,000
Both residences are occupied under month-to-month arrangements.
Property Size1,800 SF
Price / SF$277.22
Days on Market202
Property Features for 4107 Mindi AVE
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Sun Realty International, Inc
(239) 289-0216
Listed By:
Matthew Schuch
(239) 649-1990
Source:
Gulfcoastrealtynaples
Added: Apr 22
Changed: Nov 7
Last Checked: Nov 8 at 8:34PM
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 Sun Realty International, Inc
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Investment Insights
Based on property information with market context.
The 1,800-square-foot duplex was built in 1972 and is offered in as-is condition. Both residences are occupied by month-to-month tenants, with reported tenancies of 3 years, 9 months and 4 years, 3 months, respectively.
The property is in East Naples, within the city of Naples, Florida.
The property is in East Naples, within the city of Naples, Florida.
Key Highlights
- 1,800‑square‑foot duplex
- Built in 1972
- Both residences have month‑to‑month tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,590
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,800
$531.8K
Cap Rate 7%
$379,857
$379.9K
Cap Rate 9%
$295,444
$295.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$40.0K $22.20/SF
− Vacancy
−$2.0K −$1.10/SF
EGI
$38.0K $21.10/SF
− OpEx
−$11.4K −$6.33/SF
NOI
$26.6K $14.77/SF
Area
Collier County, FL
Vacancy
4.94%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,800
Cap Rate 7%
$379,857
Cap Rate 9%
$295,444
Alternative Uses
Best Use
Multifamily LT 5
$379.9K
$332.4K – $443.2K
NOI $26,590 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$349.1K
$305.5K – $407.3K
NOI $24,439 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$722.4K
$632.1K – $842.8K
NOI $50,570 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
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Business Placement
Demographics for 34112, FL
26,625
Population
20,626
Households
1.3
Avg Household Size
60
Median Age
35%
College-Educated
91%
High-School Grad
14.8 sq mi
ZIP Area
1,799
Density / Sq Mi
$68,838
Median Household Income
$34,300
Median Earnings
$1,529
Median Rent
$293,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Naples, FL
Properties on Market for Duplexes in Naples
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied under month-to-month arrangements.
Where is this duplex located?
The property is located at 4107 Mindi AVE Naples, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,800‑square‑foot duplex; Built in 1972; Both residences have month‑to‑month tenants
