813-387-4754
5170 16th Pl SW, Naples, FL for Sale
Apartments - FOR SALE
1/21
null | Request Cap Rate

5170 16th Pl SW
Naples, FL 34116
Golden Gate


HIGHLIGHTS

  • Surrounded by major economic drivers, including NCH Healthcare System, Florida Southwestern State College, and top-rated schools
  • Naples is ranked #1 by Travel + Leisure and U.S. News for livability and healthcare, supporting long-term demand
  • A limited supply of newer multifamily products in the immediate area creates competitive positioning for the asset
  • Naples’s population has grown by over 25% since 2012, with strong fundamentals for continued growth
  • Naples ranked #3 Fastest Growing City in the U.S., according to U.S. News & World Report
  • Property is NOT located in a high risk flood zone

OVERVIEW

63-unit multifamily community in Naples, FL - this property features an appealing unit mix of 60 two-bedroom units with two bathrooms. Large average unit sizes, with two-bedroom units averaging 975 square feet, above average for the submarket. Washer/dryer connections in every unit, providing convenience and value-added potential through appliance upgrades. Average household income of $97,788 within a five-mile radius, indicating strong tenant demographics. Property has undergone significant renovations including full kitchen and bathroom upgrades for over 75% of the units – metal roofs installed in 2019; metal roofs have a typical useful life of 40+ years

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

63

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Residences on 16th

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

PARKING SPACES

161

LAND DETAILS

LAND ACRES

5.2 AC

LAND SF

226,512 SF

ZONING

RMF-12

APN/PARCEL ID

36180400002

ASK ABOUT THIS PROPERTY

Jason HagueMarcus & MillichapMore Info
813-387-4754

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Jason HagueMarcus & MillichapMore Info
813-387-4754

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