This 2017-built 3-bedroom, 1608 sq. ft. manufactured home combines
a prime location and meaningful features. Located on an oversized
corner lot, it offers convenient access to Collier Blvd. and the
exclusive Riverwood Estates boat ramp, providing Henderson Creek
access to the Gulf. New $6000 A/C unit with custom ductwork. In
2022, the home was refreshed with a new refrigerator, stove,
dishwasher, and microwave, along with updated flooring featuring
new carpet and luxury vinyl. The interior was also repainted,
giving the space a fresh and inviting feel. The tall, oversized
carport is perfect for storing a boat or RV, and the storage shed
with built-in shelving provides a practical space for personal
items or hobbies. The backyard is designed for relaxation and
gatherings, featuring a screened-in lanai that's ideal for enjoying
the outdoors. The adjacent lot at 165 Riverwood Rd. is for sale and
owned by the same sellers. They would consider selling both
properties together. Membership to the Cross Creek Pool Association
(a low annual fee of only $275.00). This property has an elevation
certificate and boundary survey map which are a terrific help to
buyers. Riverwood Estates is a 55+ community which offers
exceptional benefits, including land ownership, a low annual HOA
fee, is pet-friendly, and is a convenient proximity to downtown
Naples' 5th Avenue and the beautiful beaches of Marco Island. This
residence offers a unique opportunity to enjoy a modern lifestyle
in a popular community.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
The affordable vibrant 55-plus community of Riverwood offers an inviting atmosphere for those seeking relaxation and adventure. Residents enjoy exclusive Gulf of Mexico access via a private boat ramp, making it the ideal spot for boating and fishing along our serene backwaters and white sandy beaches of the Gulf of Mexico. This impeccably maintained 2017-built home features three bedrooms and two baths, thoughtfully designed to provide comfort and style. On an oversized corner lot, the home offers enhanced privacy and generous outdoor space. Inside, the light and bright open-concept floor plan creates a pleasant atmosphere. The kitchen is a culinary dream with sleek modern appliances, ample counter space, an island and sophisticated cabinetry. The massive owner's suite is fully equipped with a walk-in closet and a bath most dream of. Exterior features of the home are a tall oversized carport ideal for boat storage that includes a spacious locked storage room and a large 16-by-18-foot screened-in porch, ideal for all types. This property is among the highest-sitting homes in the community, providing reassurance and peace of mind. Riverwood isn’t just a place to call home, it’s a way of life. Owning the land makes for low HOA fees and no lot rents. Membership to the community pool enhances the relaxed lifestyle of the community. Additionally, the location places you within a short drive of Marco Island’s world-famous beaches, Naples’ pristine coastline and vibrant downtown Fifth Avenue South. Don’t miss the chance to experience this exceptional home and community while discovering a lifestyle that combines comfort, charm and adventure!
GREAT CORNER LOT IN A 55+ COMMUNITY WITH GULF-ACCESS BOAT RAMP! COMMUNITY POOL MEMBERSHIP INCLUDED AND IMPACT FEES ALREADY PAID ON A 1128 SQ. FT. HOME PREVIOUSLY ON THE LOT. CONVENIENT NAPLES LOCATION CLOSE TO RESTAURANTS, SHOPPING AND JUST 15 MINUTES TO NAPLES AND MARCO ISLAND BEACHES!
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