Naples Apartments
402 Wl Doc Dodson W
Naples, TX 75568
Highlights
- ~$26.8k/unit
- Value upside via physical & management improvements
- $800-million local Power Plant investment
Description
At just ~$26.8K/unit, the Naples Apartments presents a classic value‑add opportunity through both physical and management improvements. The current ownership has held the property for 12+ years and has self‑managed from a distance. While cosmetics are ready for upgrade, the asset has been regularly maintained, with recent capex items including roofs and main plumbing lines (replaced with PVC). The lack of competing apartment supply within Naples only adds to the need for this property to be stabilized.
Construction on the $800 million, 900‑megawatt natural gas power plant in Naples is scheduled to begin in the summer of 2026. There is a lack of competing apartment supply within the city of Naples, making this asset in high demand for renters. Within Naples, these apartments capture great exposure, situated on a hill along the main street of town and located directly next door to the new Family Dollar, which provides convenient shopping for residents. The city of Naples is located just ~20 minutes from Mount Pleasant, TX.
