2580 Wild Pines LnNaples, FL 34112

This exceptional 200-unit apartment complex presents a compelling value-add investment opportunity in the heart of Naples, Florida. The property boasts desirable two-story concrete block construction with pitched roofs, ensuring durability and timeless appeal. Comprising two phases, Phase I features 96 units (80 built in 1986 and 16 rebuilt in 2018/2024), while Phase II includes 104 affordable units constructed in 2001 with restrictions expiring in 2031. Once these restrictions lift, significant value will be unlocked through market-rate conversions. Located in an affluent submarket with an average household income exceeding $156,576 within a 3-mile radius, the property benefits from minimal workforce housing inventory, further enhancing its investment potential. A substantial mark-to-market opportunity exists, with submarket comparables indicating a rental upside of approximately $200+ per unit. The property also includes a small parcel of land, allowing for expansion by 6-12 units or enhancement of existing amenities such as grilling areas, a soccer field, and a pet park. Conveniently situated just 6 minutes from Downtown Naples and 10 minutes from Naples Beach and Third Street South, this property offers an unparalleled location in a highly sought-after market. The property encompasses 137,361 square feet on a 5.37-acre lot and includes amenities such as two sparkling pools, two laundry rooms, a leasing office and business center, a gym, 23 garages, and picnic areas. An assumable loan with a 3.44% fixed, interest-only rate for six additional years is available.