2030 Monroe Ave - Apartments FOR SALE


Naples, FL 34112- East Naples
$4,800,000 USD
954-256-4587
2030 Monroe Ave, Naples, FL for Sale
$4,800,000 USD
Apartments - FOR SALE
1/68
null | 6.38% Cap Rate

2030 Monroe Ave
Naples, FL 34112
East Naples


HIGHLIGHTS

  • Exterior Enhancements: New security gate, paver driveway and patios, full landscaping, coral stone blocks, irrigation, lighting, and automated keypad
  • Interior Renovations: All new flooring, baseboards, casing, vanities, appliances, countertops, window sills, cabinets, and hardware.
  • Mechanical & Utility Upgrades: New plumbing and fixtures, electrical wiring, outlets, A/C condensers, and raised air handlers.
  • Doors & Windows: New interior/exterior doors, impact windows, and sliding glass doors throughout the property.
  • Bathrooms & Finishes: Tiled bathrooms with glass-enclosed showers, new interior/exterior paint, and custom unit number signage.

OVERVIEW

This completely renovated asset features an ideal unit mix consisting of eight one-bedroom, one-bathroom units and four spacious four-bedroom, one-bathroom units. The property has undergone a full transformation, offering modern interiors, updated systems, and a clean, cohesive presentation that positions it well within the competitive Naples rental market. In addition to the residential units, 2030 Monroe Avenue includes a ±600-square-foot storage room equipped with water and power. This space provides valuable flexibility for ownership, with potential for ancillary income or use as a maintenance hub, office, or amenity area. Strategically located just minutes from the vibrant Downtown Naples district and its iconic white sand beaches, the property enjoys prime positioning just off US-41 (Tamiami Trail). This central location ensures high visibility, strong commuter access, and close proximity to the area’s top-tier retail, dining, and recreational offerings. Naples continues to attract both seasonal and full-time residents with its high quality of life, strong demographics, and limited multifamily housing stock. With walkable access to major thoroughfares and a short drive to 5th Avenue South, the Naples Pier, and nationally recognized golf courses, 2030 Monroe Avenue stands out as a lifestyle-driven investment in a high-demand submarket. With its premium renovations, strategic location, and added functional storage space, 2030 Monroe Avenue represents a turnkey multifamily opportunity in one of Florida’s most coveted coastal markets.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$570 USD /SF

# OF UNITS

12

PRICE/UNIT

$400,000

CAP RATE

6.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,154 SF

ZONING

RMF-6

APN/PARCEL ID

51691920001

ASK ABOUT THIS PROPERTY

Travis JonesONE Commercial Real EstateMore Info
954-256-4587

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Travis JonesONE Commercial Real EstateMore Info
954-256-4587

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.