404 W L Doc Dodson - Apartments FOR SALE


Naples, TX 75568
$800,000 USD
936-433-4626
404 W L Doc Dodson, Naples, TX for Sale
$800,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

404 W L Doc Dodson
Naples, TX 75568


HIGHLIGHTS

  • Send all inquiries to Ryan Franckhauser - (214)735-3750 | ryan.franckhauser@kwcommercial.com
  • ~$28.5k/unit
  • 12 years of ownership
  • Updated Roofs & Plumbing

OVERVIEW

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

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$38 USD /SF

# OF UNITS

28

PRICE/UNIT

$28,571

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Naples Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.49 AC

LAND SF

108,403 SF

ZONING

-

APN/PARCEL ID

R012139,R012148

ASK ABOUT THIS PROPERTY

Shawn BelknapNaples ApartmentsMore Info
936-433-4626

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Shawn BelknapNaples ApartmentsMore Info
936-433-4626

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.