Naples Condo with Vaulted
509 Roma W Court 202, Naples, FL 34110
Charming 3-bedroom condo near beach, shopping, and dining.
Type:Condo/Townhome
Property size:
1,356 SFPrice / SF:
$243/SF- Added:
- Dec 30, 2024
- Days on Market:
- 518
- Last Refresh:
- May 19 at 11:15 pm
Property Features for 509 Roma W Court 202
General Information
- Standard status
- Active
- Size
- 1,356 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1990
Listing agent Denise Quinn License #638090376 (239) 300-9867
Listing office John R Wood Properties (239) 300-9867
Listing date Dec 30, 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 John R Wood Properties
HighLights
- Prime Naples location, west of Highway 41, close to beach, shopping, dining, and major highways.
- 3‑bedroom, 2‑bathroom condo with 1,356 sq ft of living space.
- Vaulted ceilings creating an airy, open feel in the living and dining areas.
- Private Lanai overlooking well‑maintained community grounds.
- Community amenities including a pool and community room.
- Modern conveniences such as in‑unit laundry, additional storage, and assigned covered parking.
Overview
This second-floor condo, located west of Highway 41 in Naples, features 1,356 square feet of living space. The residence includes three bedrooms and two bathrooms. Vaulted ceilings enhance the open feel of the living and dining areas. The master suite includes a spacious closet and an en-suite bathroom. The kitchen offers ample counter space. A private lanai overlooks the community grounds. In-unit laundry and additional storage for bikes are included, along with assigned covered parking. Community amenities include a pool and community room. The property is conveniently located near the beach, shopping, dining, entertainment, and major highways.
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 | $35.3k | $26.04 |
| − Vacancy | −$1.8k | −$1.35 |
| EGI | $33.5k | $24.69 |
| − OpEx | −$15.1k | −$11.11 |
| NOI | $18.4k | $13.58 |
1,356 SF · lease $26.04/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$263.0K
$230.1K – $306.9K
NOI $18,411 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$544.2K
$476.2K – $634.9K
NOI $38,096 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Gary J Kauffman ...
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Naples
- County
- Collier
- State
- Florida
- Longitude
- -81.8175337
- Latitude
- 26.2773325
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - Charming 3-bedroom condo near beach, shopping, and dining.
Where is this residential income property located?
The property is located at 509 Roma W Court 202 Naples, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Prime Naples location, west of Highway 41, close to beach, shopping, dining, and major highways.; 3‑bedroom, 2‑bathroom condo with 1,356 sq ft of living space.; Vaulted ceilings creating an airy, open feel in the living and dining areas.
