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4244 E 5th St
For Sale $5,500,000 ($526.92 per Sq Ft)
$5,500,000 ($526.92 per Sq Ft)
- 16 Units
- 10,438 Sq Ft
- 13,086 Sq Ft
- Unknown Cap Rate
Description
This investment property is located in the coastal community of Belmont Heights, one the city's most desirable locations minutes to the beach and proximate to Belmont Shore and Naples Island. An aesthetic pride-of-ownership asset with attractive landscaping and street surroundings. All units have been upgraded with built-in stoves, microwaves and refrigerators. All units have fireplaces except the two singles. Parking consists of 9 garages and 16 spaces. The building has all-copper plumbing, new electric panels, a new security-camera system, and a recently painted exterior. PRICE REDUCED, with a 5.93 cap rate!!
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $5,500,000 |
| Property Type | Multi-Family |
| Usable Sqft | 10,438 |
| Number of Stories | 2 stories |
| Parking Spots | 9 spots |
| Year Built | 1972 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7255037027 |
| MLS # | 25592845 |
| Property ID | 292003860 |
| Lot Sqft | 13,086 |
| Zoning | LBR4R |
| Total Units | 16 |
| Days on Market | 102 |
| Original List Price | $6,500,000 |
| Date Updated | December 11, 2025 |
| Date Created | September 10, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 0 | 1.00 | $1,595 | $1,750 |
| Unit #2 | 2 | 1.50 | $2,795 | $2,995 |
| Unit #3 | 1 | 1.00 | $1,995 | $2,295 |
| Gross Income (Yr) | $ 432,822 |
| Operating Expenses | $ 120,254 |
| Net Income (Yr) | $ 326,554 |
| Cap Rate | 5.93% |
Listing Provided By
Albert Morell an agent of . Lic #00466538
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Robert Crawford
REAL ESTATE AGENT