Gordon River Apartments

  SOLD January 2011 for $2,300,000

1400 5th Avenue N., Naples, Florida 34102


Units96
ZoningR3T-12
12 Buildings96 Units
2 BR & 3 BRUnit mix

Short Sale Opportunity

Gordon River Apartments

1400 5th  Avenue N., Naples FL 34102

12 Buildings / 96 Units

70,368 Rental SF

2BR and 3BR Unit Mix

Offered at $2,750,000 with 11.46% Cap Rate

Gordon River Apartments and River Park Apartments represent a “Value Add” opportunity to acquire both properties under a court appointed receiver ordered short sale. The two property portfolio contains a total of 200 units and is operated as a single property but can be purchased either together or separately at a combined asking price of $4,950,000 ($24,750/unit), which is well below replacement cost.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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