5194 16th Pl SW | Naples, FL 34116
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- LoopNet Team
5194 16th Pl SW
Naples, FL 34116
Residences on 16th · Multifamily Property For Sale
·
63 Units
INVESTMENT HIGHLIGHTS
- Surrounded by major economic drivers, including NCH Healthcare System, Florida Southwestern State College, and top-rated schools
- A limited supply of newer multifamily products in the immediate area creates competitive positioning for the asset
- Naples ranked #3 Fastest Growing City in the U.S., according to U.S. News & World Report
- Naples is ranked #1 by Travel + Leisure and U.S. News for livability and healthcare, supporting long-term demand
- Naples’s population has grown by over 25% since 2012, with strong fundamentals for continued growth
- Property is NOT located in a high risk flood zone
PROPERTY FACTS
| No. Units | 63 | Lot Size | 5.21 AC |
| Property Type | Multifamily | Building Size | 61,525 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2002 |
| Building Class | C | Parking Ratio | 2.62/1,000 SF |
| Zoning | RMF-12 - Residential Multi-Family, indicating areas where multiple dwelling units can be built on a single property | ||
| No. Units | 63 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.21 AC |
| Building Size | 61,525 SF |
| No. Stories | 2 |
| Year Built | 2002 |
| Parking Ratio | 2.62/1,000 SF |
| Zoning | RMF-12 - Residential Multi-Family, indicating areas where multiple dwelling units can be built on a single property |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Tile Floors
- Crown Molding
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 450 |
| 2+1 | 1 | - | 975 |
| 2+2 | 60 | - | 975 |
| 3+2 | 1 | - | 1,600 |
PROPERTY TAXES
| Parcel Number | 36180400002 | Improvements Assessment | $8,402,587 |
| Land Assessment | $2,347,008 | Total Assessment | $10,749,595 |
PROPERTY TAXES
Parcel Number
36180400002
Land Assessment
$2,347,008
Improvements Assessment
$8,402,587
Total Assessment
$10,749,595
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