Gordon River Apartments

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.