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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 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 | $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
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | 288 |
| 1+1 | 20 | - | 576 - 750 |
| 2+2 | 1 | - | 864 |
1 1
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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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
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Naples Apartments
Naples Apartments | 404 W L Doc Dodson
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