?? Bayshore Arts District ??| Minutes from Downtown Naples & the Beach ??Exceptional Location ?? Income Generator ?? Redevelopment Opportunity Sanri Apartments is a rare find A solid multifamily investment nestled on four parcels in one of Naples’ fastest-growing neighborhoods. Originally built in 1957, this well-maintained property retains its mid-century charm while delivering modern income performance. ?? 12 income-producing units across three concrete block buildings (not on the soft-story list): • Each unit: 2 Bedrooms | 1 Bath | Kitchen | Laundry | Enclosed Porch | Private Backyard • 2 assigned parking spaces per unit + guest parking • 100% occupancy for 9 consecutive years /fully rented to a private organization • Zero vacancy rate over 5 years • Gross annual rental income: $220,000+ with room to increase ?? Property Details: • Lot Size: 0.16 AC (4 contiguous parcels) • Building Size: 8,383 SF • Zoning: RMF-6 • Year Built: 1957 • Parking Ratio: 0.24/1,000 SF • Style: Single-story garden apartments ?? Upside Potential: As tenancies turn over, the property can be repositioned to achieve full market rents with light cosmetic updates , substantially increasing yield. Several improvements were completed within the last year, and the solid structure provides flexibility for long-term hold, redevelopment, or condo conversion. RMF-6 Multifamily Investment Opportunity Asset Overview • Asset Type: Multifamily (RMF-6 Zoning) • Zoning: RMF-6 – High-Density Residential (Very Strong) • Investment Tier: Tier 1–3 Multifamily • Strategy: Cash-Flow + Density + Long-Term Redevelopment Upside ? Why This Deal Works ? RMF-6 zoning supports higher density and future redevelopment ? Low operating expense ratio (extremely efficient asset) ? Solid in place cash flow while holding or entitling ? Land-driven value in a supply-constrained multifamily market ? Multiple exit strategies (hold, reposition, redevelop) ? Developer Upside (Optional Path) • Density maximization under RMF-6 • Unit count expansion • Modernized unit mix • Rent reversion to market ?? Bayshore Arts District ??| Minutes from Downtown Naples & the Beach ??Exceptional Location ?? Income Generator ?? Redevelopment Opportunity Sanri Apartments is a rare find A solid multifamily investment nestled on four parcels in one of Naples’ fastest-growing neighborhoods. Originally built in 1957, this well-maintained property retains its mid-century charm while delivering modern income performance. ?? 12 income-producing units across three concrete block buildings (not on the soft-story list): • Each unit: 2 Bedrooms | 1 Bath | Kitchen | Laundry | Enclosed Porch | Private Backyard • 2 assigned parking spaces per unit + guest parking • 100% occupancy for 9 consecutive years /fully rented to a private organization • Zero vacancy rate over 5 years • Gross annual rental income: $220,000+ with room to increase ?? Property Details: • Lot Size: 0.16 AC (4 contiguous parcels) • Building Size: 8,383 SF • Zoning: RMF-6 • Year Built: 1957 • Parking Ratio: 0.24/1,000 SF • Style: Single-story garden apartments ?? Upside Potential: As tenancies turn over, the property can be repositioned to achieve full market rents with light cosmetic updates , substantially increasing yield. Several improvements were completed within the last year, and the solid structure provides flexibility for long-term hold, redevelopment, or condo conversion. RMF-6 Multifamily Investment Opportunity Asset Overview • Asset Type: Multifamily (RMF-6 Zoning) • Zoning: RMF-6 – High-Density Residential (Very Strong) • Investment Tier: Tier 1–3 Multifamily • Strategy: Cash-Flow + Density + Long-Term Redevelopment Upside ? Why This Deal Works ? RMF-6 zoning supports higher density and future redevelopment ? Low operating expense ratio (extremely efficient asset) ? Solid in place cash flow while holding or entitling ? Land-driven value in a supply-constrained multifamily market ? Multiple exit strategies (hold, reposition, redevelop) ? Developer Upside (Optional Path) • Density maximization under RMF-6 • Unit count expansion • Modernized unit mix • Rent reversion to market Summary This is a rare RMF-6 multifamily asset offering strong current yield with meaningful density-driven upside. Ideal for investors seeking cash flow today and development optionality tomorrow.