Multifamily
Residences on 16th
5194 16th Pl SW, Naples, FL 34116
Listing Price: Request For Offer
Investment Overview
A 63-unit multifamily community in Naples, FL which features an appealing unit mix of 60 two-bedroom units with two bathrooms.
Residences on 16th
Investment Highlights
- 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
- 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
Exclusively Listed By
Financing By
Investment Highlights
- 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
- 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
Investment Overview
A 63-unit multifamily community in Naples, FL which features an appealing unit mix of 60 two-bedroom units with two bathrooms.
Exclusively Listed By
Financing By
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