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Wild Pines of Naples 2580 Wild Pines Ln

200 Unit Apartment Building For Sale Naples, FL 34112

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Investment Highlights

Accretive Loan Assumption with 3.44% Fixed, Interest Only Rate for 6 Additional Years
Extremely Affluent, High Barrier to Entry Submarket with Virtually no Inventory of Workforce Housing. Great Demos with $156,576+ Avg. HHI in a 3-Mile
Phase II, 104 Affordable Units Built in 2001. Restrictions Through 2031 (~7 years Remaining), Unlocking Significant Value when Property Becomes Full M

Desirable Two-Story Concrete Block Construction and Pitched Roofs
Phase I, 96 Total Units-- 80 Units Built in 1986, and 16 Units Built in the 1970’s (Rebuilt in 2018/2024)
Mark-to-Market: Great mark-to-market opportunity with submarket comp set supporting additional ~$200+ in rental upside

Executive Summary

Wild Pines of Naples is a premier 200-unit apartment community situated in the heart of Naples, FL, offering a rare value-add investment opportunity in a highly coveted market. This property features desirable two-story concrete block construction with pitched roofs, providing durability and timeless appeal. Located in an affluent submarket with an average household income of over $156,576 within a 3-mile radius, Wild Pines is positioned in an area with minimal inventory of workforce housing, highlighting its exceptional investment potential. The community is divided into two phases: Phase I consists of 96 units, with 80 built in 1986 and 16 rebuilt in 2018/2024, while Phase II includes 104 affordable units constructed in 2001 with restrictions through 2031, unlocking significant value once these units convert to market rates.
Investors will appreciate the substantial value-add opportunities available, including a favorable mark-to-market potential supported by local submarket comps, which indicate a rental upside of approximately $200+ per unit. Additionally, the property includes a small parcel of land ideal for expanding the unit count by 6-12 more units or enhancing existing amenities such as grilling areas, a soccer field, and a pet park. Just 6 minutes from Downtown Naples and 10 minutes from Naples Beach and Third Street South, Wild Pines presents a compelling investment in a highly sought-after location.

Executive Summary - Wild Pines of Naples

Property Facts

Sale Type	Investment	Lot Size	5.37 AC
No. Units	200	Building Size	137,361 SF
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment	Year Built/Renovated	1968/2001
Apartment Style	Garden	Parking Ratio	1.83/1,000 SF
Building Class	C

Sale Type	Investment
No. Units	200
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	5.37 AC
Building Size	137,361 SF
No. Stories	2
Year Built/Renovated	1968/2001
Parking Ratio	1.83/1,000 SF