404 W L Doc Dodson - Apartments FOR SALE


Naples, TX 75568
$750,000 USD
936-433-4626
404 W L Doc Dodson, Naples, TX for Sale
$750,000 USD
Apartments - FOR SALE
1/12
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
  • ~$26.8k/unit
  • Value upside via physical & management improvements
  • $800-million local Power Plant investment

OVERVIEW

Contact Shawn Belknap 936-433-4626 Email naplesapartments@yahoo.com 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. The asset has been regularly maintained; a new roof and new sewer lines plumbing lines have been updated in 2024. There are very little competing apartments within 16 miles of napes apartments. There are 2 grocery stores within 2 block one right beside the apartments, also a storage place beside the apartments.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$36 USD /SF

# OF UNITS

28

PRICE/UNIT

$26,786

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

108,464 SF

ZONING

-

APN/PARCEL ID

R012139,R012148

ASK ABOUT THIS PROPERTY

Shawn BelknapNaples ApartmentsMore Info
936-433-4626

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

Shawn BelknapNaples ApartmentsMore Info
936-433-4626

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