Naples Apartments
$750,000
402 Wl Doc Dodson West, Naples, TX 75568
11,520 sqft
Building Size
28
Units
Details:
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.
The apartments are located directly next door to the new Family Dollar (built in 2022), which provides convenient shopping for tenants. The city of Naples is located just ~20 minutes from Mount Pleasant, ~50 minutes from Texarkana, and ~1 hour from Longview, TX.
Documents:
| Title | ||
|---|---|---|
| Naples Offering Memorandum |
Location
Gallery
