2580 Wild Pines Ln | Naples, FL 34112
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2580 Wild Pines Ln
Naples, FL 34112
Wild Pines of Naples · Multifamily Property For Sale
·
200 Units
INVESTMENT HIGHLIGHTS
- Accretive Loan Assumption with 3.44% Fixed, Interest Only Rate for 6 Additional Years
- Extremely Affluent, High Barrier to Entry Submarket with Virtually no Inventory of Workforce Housing. Great Demos with $156,576+ Avg. HHI in a 3-Mile
- Phase II, 104 Affordable Units Built in 2001. Restrictions Through 2031 (~7 years Remaining), Unlocking Significant Value when Property Becomes Full M
- Desirable Two-Story Concrete Block Construction and Pitched Roofs
- Phase I, 96 Total Units-- 80 Units Built in 1986, and 16 Units Built in the 1970’s (Rebuilt in 2018/2024)
- Mark-to-Market: Great mark-to-market opportunity with submarket comp set supporting additional ~$200+ in rental upside
PROPERTY FACTS
| No. Units | 200 | Lot Size | 5.37 AC |
| Property Type | Multifamily | Building Size | 137,361 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1968/2001 |
| Building Class | C | Parking Ratio | 1.83/1,000 SF |
| Zoning | PUD - Planned Unit Development | ||
| No. Units | 200 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.37 AC |
| Building Size | 137,361 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2001 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | PUD - Planned Unit Development |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 200 | - | 450 - 642 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $10,408,563 | |
| Land Assessment | $4,945,920 | Total Assessment | $15,719,351 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,945,920
Improvements Assessment
$10,408,563
Total Assessment
$15,719,351
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