402 Wl Doc Dodson W
- ~$26.8k/unit
- Value upside via physical & management improvements
- $800-million local Power Plant investment
Property Description
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.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $750,000 |
| No. of Units: | 28 |
| Year Built: | 1965 |
| Lot Size: | 1.39 Acres |
| Opportunity Zone: | No |
| Price per unit: | $26,786 |
| Property Website | Click Here |
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