3100 Areca Ave 12 Unit Apartment Building $4,490,000 ($374,167/Unit) Naples, FL 34112

?? Bayshore Arts District
??| Minutes from Downtown Naples & the Beach
??Exceptional Location
?? Income Generator
?? Redevelopment Opportunity
Sanri Apartments is a rare find
A solid multifamily investment nestled on four parcels in one of Naples’ fastest-growing neighborhoods.
Originally built in 1957, this well-maintained property retains its mid-century charm while delivering modern income performance.
?? 12 income-producing units across three concrete block buildings (not on the soft-story list):
• Each unit: 2 Bedrooms | 1 Bath | Kitchen | Laundry | Enclosed Porch | Private Backyard
• 2 assigned parking spaces per unit + guest parking
• 100% occupancy for 9 consecutive years /fully rented to a private organization
• Zero vacancy rate over 5 years
• Gross annual rental income: $220,000+ with room to increase
?? Property Details:
• Lot Size: 0.16 AC (4 contiguous parcels)
• Building Size: 8,383 SF
• Zoning: RMF-6
• Year Built: 1957
• Parking Ratio: 0.24/1,000 SF
• Style: Single-story garden apartments
?? Upside Potential:
As tenancies turn over, the property can be repositioned to achieve full market rents with light cosmetic updates , substantially increasing yield. Several improvements were completed within the last year, and the solid structure provides flexibility for long-term hold, redevelopment, or condo conversion.

RMF-6 Multifamily Investment Opportunity
Asset Overview
• Asset Type: Multifamily (RMF-6 Zoning)
• Zoning: RMF-6 – High-Density Residential (Very Strong)
• Investment Tier: Tier 1–3 Multifamily
• Strategy: Cash-Flow + Density + Long-Term Redevelopment Upside
?
Why This Deal Works
? RMF-6 zoning supports higher density and future redevelopment
? Low operating expense ratio (extremely efficient asset)
? Solid in place cash flow while holding or entitling
? Land-driven value in a supply-constrained multifamily market
? Multiple exit strategies (hold, reposition, redevelop)
?
Developer Upside (Optional Path)
• Density maximization under RMF-6
• Unit count expansion
• Modernized unit mix
• Rent reversion to market
?? Bayshore Arts District
??| Minutes from Downtown Naples & the Beach
??Exceptional Location
?? Income Generator
?? Redevelopment Opportunity
Sanri Apartments is a rare find
A solid multifamily investment nestled on four parcels in one of Naples’ fastest-growing neighborhoods.
Originally built in 1957, this well-maintained property retains its mid-century charm while delivering modern income performance.
?? 12 income-producing units across three concrete block buildings (not on the soft-story list):
• Each unit: 2 Bedrooms | 1 Bath | Kitchen | Laundry | Enclosed Porch | Private Backyard
• 2 assigned parking spaces per unit + guest parking
• 100% occupancy for 9 consecutive years /fully rented to a private organization
• Zero vacancy rate over 5 years
• Gross annual rental income: $220,000+ with room to increase
?? Property Details:
• Lot Size: 0.16 AC (4 contiguous parcels)
• Building Size: 8,383 SF
• Zoning: RMF-6
• Year Built: 1957
• Parking Ratio: 0.24/1,000 SF
• Style: Single-story garden apartments
?? Upside Potential:
As tenancies turn over, the property can be repositioned to achieve full market rents with light cosmetic updates , substantially increasing yield. Several improvements were completed within the last year, and the solid structure provides flexibility for long-term hold, redevelopment, or condo conversion.

RMF-6 Multifamily Investment Opportunity
Asset Overview
• Asset Type: Multifamily (RMF-6 Zoning)
• Zoning: RMF-6 – High-Density Residential (Very Strong)
• Investment Tier: Tier 1–3 Multifamily
• Strategy: Cash-Flow + Density + Long-Term Redevelopment Upside
?
Why This Deal Works
? RMF-6 zoning supports higher density and future redevelopment
? Low operating expense ratio (extremely efficient asset)
? Solid in place cash flow while holding or entitling
? Land-driven value in a supply-constrained multifamily market
? Multiple exit strategies (hold, reposition, redevelop)
?
Developer Upside (Optional Path)
• Density maximization under RMF-6
• Unit count expansion
• Modernized unit mix
• Rent reversion to market
Summary
This is a rare RMF-6 multifamily asset offering strong current yield with meaningful density-driven upside.
Ideal for investors seeking cash flow today and development optionality tomorrow.