Log In/Sign Up
Your email has been sent.
3100 Woodhill Rd - Terra Hill Estates 76 Unit Apartment Building Offered For Sale Winter Haven, FL 33881
Investment Highlights
- Differentiated Low-Density, Residential-Style Layout
- Proven Renovation Upside | Ownership has achieved $100+ rent premiums on renovated units, supporting strong returns on remaining upgrades
- Immediate Income Upside | Lease-up of non-revenue unit adds approximately $18K in annual income
- 62% Value-Add Remaining | 47 remaining classic units provide a clear and scalable path to continued rent growth
- Positioned Below New Supply | Pro Forma rents are projected to remain 15%–20% below Class-A properties, supporting occupancy and demand over time
- Strong Market Fundamentals | Located in one of the nation's fastest-growing metros, supported by logistics, tourism, and innovation-driven employment
Executive Summary
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.
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.
Property Facts
| Sale Type | Investment | Building Size | 73,000 SF |
| No. Units | 76 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1986 |
| Lot Size | 9.59 AC | Parking Ratio | 2.08/1,000 SF |
| Sale Type | Investment |
| No. Units | 76 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 9.59 AC |
| Building Size | 73,000 SF |
| Average Occupancy | 96% |
| No. Stories | 1 |
| Year Built | 1986 |
| Parking Ratio | 2.08/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 76 | $1,919 CAD | 950 - 1,050 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 25-28-24-353601-000380 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $197,484 CAD |
Property Taxes
Parcel Number
25-28-24-353601-000380
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$197,484 CAD
Contacts
-
Benjamin Skinner -
Matthew Prozzillo -
SP Multifamily Group of Marcus & Millichap
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
3100 Woodhill Rd - Terra Hill Estates
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.