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960 Morningside Dr
Naples, FL 34103 Moorings Park-Hawks Ridge

$1,990,000 USD

Apartments For Sale  •  7,077 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,077 SF
  • Lot Size 1.03 AC
  • Building Class C
  • Year Built 1980
  • Cap Rate 4.83 %
  • Zoning MF-8
30 Transit Score
60 Walk Score

Highlights

The property is a stabilized six-unit multifamily asset that is currently 100% leased, providing immediate in-place income.
Each of the six units consists of a two-bedroom, two-bathroom layout with approximately 1,200 square feet per unit.
The 7,077-square-foot building is situated on a 1.03-acre site and includes 27 on-site parking spaces.
The property is ideally located in the Park Shore corridor just off US-41 within the Naples Twin Lakes neighborhood.
Originally built in 1980, all unit interiors were renovated in 2017, and the property received a new roof in 2024
The asset is constructed of CBS and is zoned MF-8, allowing for less than 10 units per acre within Collier County.

Property Flyers

Cap Rate: 4.83 %

Amenities

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Family Room
  • Lawn
  • Patio
  • Private Bathroom

Public Transportation

AirportDriveWalkDistance
Southwest Florida International 43 min - 32.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Michael Maurer 239-289-9946 William Raveis Real Estate
Michael Maurer 239-289-9946 William Raveis Real Estate