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Naples Apartments 404 W L Doc Dodson 28 Unit Apartment Building $800,000 ($28,571/Unit) Naples, TX 75568
INVESTMENT HIGHLIGHTS
- Send all inquiries to Ryan Franckhauser - (214)735-3750 | ryan.franckhauser@kwcommercial.com
- 12 years of ownership
- ~$28.5k/unit
- Updated Roofs & Plumbing
EXECUTIVE SUMMARY
Contact Ryan Franckhauser for more information - (214)735-3750 | ryan.franckhauser@kwcommercial.com
At just ~$28.5K/unit, the Naples Apartments have been regularly maintained, with capex items including ~2yr old roofs and main plumbing lines (replaced with PVC). Additional plumbing has been upgraded to PEX from copper as needed. The apartments are located directly next door to the new Family Dollar (built in 2022), which provides convenient shopping for tenants. Long-term ownership combined with remote self-management presents a compelling opportunity to enhance both performance and value through more efficient operations.
To view the financials follow this link: https://buildout.com/website/1549884-sale
At just ~$28.5K/unit, the Naples Apartments have been regularly maintained, with capex items including ~2yr old roofs and main plumbing lines (replaced with PVC). Additional plumbing has been upgraded to PEX from copper as needed. The apartments are located directly next door to the new Family Dollar (built in 2022), which provides convenient shopping for tenants. Long-term ownership combined with remote self-management presents a compelling opportunity to enhance both performance and value through more efficient operations.
To view the financials follow this link: https://buildout.com/website/1549884-sale
PROPERTY FACTS
| Price | $800,000 | Building Class | C |
| Price Per Unit | $28,571 | 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 | $800,000 |
| Price Per Unit | $28,571 |
| 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 | $569,400 | |
| Land Assessment | $35,120 | Total Assessment | $604,520 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$35,120
Improvements Assessment
$569,400
Total Assessment
$604,520
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Naples Apartments
Naples Apartments | 404 W L Doc Dodson
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