407-557-3889
3100 Woodhill Rd, Winter Haven, FL for Sale
Multi-Family - FOR SALE
1/8
null | Request Cap Rate

3100 Woodhill Rd
Winter Haven, FL 33881
Winter Haven/Lake Wales


HIGHLIGHTS

  • Differentiated Low-Density, Residential-Style Layout
  • 62% Value-Add Remaining | 47 remaining classic units provide a clear and scalable path to continued rent growth
  • Proven Renovation Upside | Ownership has achieved $100+ rent premiums on renovated units, supporting strong returns on remaining upgrades
  • Positioned Below New Supply | Pro Forma rents are projected to remain 15%–20% below Class-A properties, supporting occupancy and demand over time
  • Immediate Income Upside | Lease-up of non-revenue unit adds approximately $18K in annual income
  • Strong Market Fundamentals | Located in one of the nation's fastest-growing metros, supported by logistics, tourism, and innovation-driven employment

OVERVIEW

Listing Website (Offering Memorandum & Financials): https://terrahillestates.sharplaunch.com/ SP Multifamily Group is pleased to present Terra Hill Estates, a 76-unit low-density multifamily community in Winter Haven, FL, offering a proven value-add opportunity, with 62% of units remaining to be renovated. Featuring a differentiated single-story, residential-style layout with direct unit access, the property has already demonstrated achievable rent premiums and presents a clear, scalable path to continued NOI growth. With 47 classic units remaining, a new owner can execute a disciplined, unit-by-unit renovation strategy to drive rent increases and operational upside. Post-renovation, rents are projected to remain at a 15%–20% discount to nearby Class-A communities, supporting strong occupancy and sustained demand. The asset is further supported by multiple demand drivers within the Lakeland-Winter Haven MSA, including logistics expansion, tourism growth, and emerging innovation-based employment within the immediate corridor.

FOR SALE DETAILS

PRICE

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# OF UNITS

76

CAP RATE

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% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Terra Hill Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

PARKING SPACES

152

LAND DETAILS

LAND ACRES

9.59 AC

LAND SF

417,740 SF

ZONING

-

APN/PARCEL ID

25-28-24-353601-000380

ASK ABOUT THIS PROPERTY

Benjamin SkinnerSP Multifamily Group of Marcus & MillichapMore Info
407-557-3889

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Benjamin SkinnerSP Multifamily Group of Marcus & MillichapMore Info
407-557-3889

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