Paradise Inn Of Naples

$4,500,000

4520 Gulfstream Drive, Naples, FL 34112

For Sale

Hotel

Active

Last Updated: 02/19/2025

Details:

Cap Rate: 5.7%

Building Size: 6,029 sqft

Lot Area: 0.5 acres

Offered by

Paul Cestaro

615-Coldwell Banker Realty - Florida

Request Info to Unlock

Description:

Rare find Motel just minutes from world famous downtown Naples 5th avenue and the beach. This is your chance to operate a fantastic virtually absentee 14 Unit motel consisting of 14 fully renovated units consisting of 4 large 1 bedroom and 10 efficiency suites all with fully Kitchens and New designer baths. Property presently has long term tenants in place. A virtual cash cow with a 5.7% Cap rate current tenants are paying cash rent on a weekly basis.
Licensed for "Air BNB" this Motel can be easily converted to "Air BNB" and or daily resort rental which would dramatically increase revenue and present a possible 10% + Cap rate.