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Naples 701 3531 Plantation Way 188 Unit Apartment Building For Sale Naples, FL 34112

Investment Highlights
- Property & Unit Amenities
- Desirable Location
- Strong Higher Education Presence
- Significant Upside Potential
- Access to Area Amenities
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire Naples 701, a 188-unit multifamily community in Naples, Florida (the “Property”). Positioned just off Bayshore Drive, Naples 701 comprises eight (8), two-story residential buildings and contains one-hundred eighty-eight (188), 1-Bedroom/1-Bathroom units with 86,856 rentable square feet spread across a private and serene 11.81-acres of land. Located at 3531 Plantation Way in Naples’ blue-chip East Naples neighborhood, the Property is situated three (3) miles southeast of Downtown Naples and just over two miles south of Naples Airport. The Property is positioned at the intersection of Plantation Way and Bayshore Drive and is 0.75-miles from Tamiami Trail E (US Route 41), one the area’s primary commercial corridors offering a wide array of shopping, dining and grocery options and leading directly to Downtown Naples. Naples offers an affluent demographic and is known for high-end shopping, world-class arts and culture, sophisticated dining, and outdoor recreation. The city is positioned in southwest Florida, directly south of Fort Myers on the Gulf of Mexico. Naples is home to pristine, white-sand beaches and the surrounding area is continually ranked among the top travel destinations in the United States, funneling tourism dollars into the local economy.
Property Facts
| Sale Type | Investment | Lot Size | 11.81 AC |
| No. Units | 188 | Building Size | 175,556 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1984 |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 188 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 11.81 AC |
| Building Size | 175,556 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1984 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 61841280002 | Improvements Assessment | $15,264,088 CAD |
| Land Assessment | $11,550,600 CAD | Total Assessment | $26,814,689 CAD |
Property Taxes
Parcel Number
61841280002
Land Assessment
$11,550,600 CAD
Improvements Assessment
$15,264,088 CAD
Total Assessment
$26,814,689 CAD
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Naples 701 | 3531 Plantation Way
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