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Naples Apartments 404 W L Doc Dodson 28 Unit Apartment Building $1,019,250 CAD ($36,402 CAD/Unit) Naples, TX 75568
Investment Highlights
- Send all inquiries to Ryan Franckhauser - (214)735-3750 | ryan.franckhauser@kwcommercial.com
- Value upside via physical & management improvements
- ~$26.8k/unit
- $800-million local Power Plant investment
Executive Summary
Contact Ryan Franckhauser for more information - (214)735-3750 | ryan.franckhauser@kwcommercial.com
At just ~$26.8K/unit, the Naples Apartments presents a classic value-add opportunity through both physical and management improvements. The current ownership has held the property for 12+ years and has self-managed from a distance. While cosmetics are ready for upgrade, the asset has been regularly maintained, with recent capex items including roofs and main plumbing lines (replaced with PVC). The lack of competing apartment supply within Naples only adds to the need for this property to be stabilized.
At just ~$26.8K/unit, the Naples Apartments presents a classic value-add opportunity through both physical and management improvements. The current ownership has held the property for 12+ years and has self-managed from a distance. While cosmetics are ready for upgrade, the asset has been regularly maintained, with recent capex items including roofs and main plumbing lines (replaced with PVC). The lack of competing apartment supply within Naples only adds to the need for this property to be stabilized.
Property Facts
| Price | $1,019,250 CAD | Building Class | C |
| Price Per Unit | $36,402 CAD | Lot Size | 2.49 AC |
| Sale Type | Investment | Building Size | 20,932 SF |
| No. Units | 28 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $1,019,250 CAD |
| Price Per Unit | $36,402 CAD |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.49 AC |
| Building Size | 20,932 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | 288 |
| 1+1 | 20 | - | 576 - 750 |
| 2+2 | 1 | - | 864 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $764,845 CAD | |
| Land Assessment | $47,728 CAD | Total Assessment | $812,573 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$47,728 CAD
Improvements Assessment
$764,845 CAD
Total Assessment
$812,573 CAD
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Videos
Matterport 3D Exterior
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Photos
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Street
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Naples Apartments
Naples Apartments | 404 W L Doc Dodson
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