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5205 Mitchell Street
About This Property
The location is where this opportunity really stands out. Naples Manor offers convenient access to U.S. 41 and places you within easy reach of everyday shopping and dining, with Downtown Naples, Fifth Avenue South and the Gulf beaches just a short drive away. Nearby recreational options include parks and outdoor amenities, while the surrounding East Naples area offers additional shopping, dining, golf and recreation. Whether the goal is renovation for personal use or an investment project, this property offers the chance to create value in an established Naples location. Bring your contractor, your plans and your imagination-the potential is here. Property is being sold AS-IS.
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What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2026 | In contract | - | |
| In contract | |||
| Oct 1, 2026 | Listed by ND Realty | $280,000 | |
| Listed by ND Realty | |||
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About South Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017