River Park Apartments

Short Sale Opportunity -

River Park Apartments

330 11th  Street N., Naples FL 34102

9 Buildings / 104 Units

52,802 Rentable SF

1BR and 2BR Unit Mix

Offered at $2,200,000 with 11.07% 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.