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Naples Apartments 404 W L Doc Dodson 28 Unit Apartment Building $750,000 ($26,786/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 Shawn Belknap 936-433-4626 Email naplesapartments@yahoo.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. The asset has been regularly maintained; a new roof and new sewer lines plumbing lines have been updated in 2024. There are very little competing apartments within 16 miles of napes apartments. There are 2 grocery stores within 2 block one right beside the apartments, also a storage place beside the apartments.
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. The asset has been regularly maintained; a new roof and new sewer lines plumbing lines have been updated in 2024. There are very little competing apartments within 16 miles of napes apartments. There are 2 grocery stores within 2 block one right beside the apartments, also a storage place beside the apartments.
Property Facts
| Price | $750,000 | Building Class | C |
| Price Per Unit | $26,786 | 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 | $750,000 |
| Price Per Unit | $26,786 |
| 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
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | 288 |
| 1+1 | 20 | - | 576 - 750 |
| 2+2 | 1 | - | 864 |
1 1
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $562,800 | |
| Land Assessment | $35,120 | Total Assessment | $597,920 |
Property Taxes
Parcel Numbers
Land Assessment
$35,120
Improvements Assessment
$562,800
Total Assessment
$597,920
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Naples Apartments
Naples Apartments | 404 W L Doc Dodson
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