Garden-Style Apartment
For Sale
$3,200,000
750 AVE C SW, Winter Haven, FL 33880
Residential Income, WINTER HAVEN, FL
Property Size16,012 SF
Lot Size0.73 Acres
Price / SF$199.85
Days on Market45
Property Features for 750 AVE C SW
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RP
Bedrooms
28
Bathrooms
28
Full bathrooms
28
Rooms
Bedroom 14, Bathroom 25, Bedroom 7, Bathroom 4, Bedroom 5, Bedroom 16, Bedroom 3, Bathroom 19, Bathroom 14, Bathroom 1, Bathroom 26, Bedroom 19, Bathroom 5, Bedroom 18, Bathroom 24, Bathroom 3, Bedroom 20, Bedroom 27, Bathroom 10, Bedroom 26, Bedroom 11, Bedroom 12, Bathroom 22, Bedroom 8, Bathroom 6, Bedroom 1, Bathroom 13, Bathroom 27, Bathroom 20, Bathroom 21, Bedroom 6, Bedroom 9, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 28, Bathroom 8, Bedroom 15, Bedroom 13, Bathroom 16, Bathroom 9, Bathroom 11, Bathroom 28, Bedroom 21, Bedroom 23, Bathroom 17, Bedroom 10, Bedroom 24, Bathroom 15, Bathroom 18, Bedroom 25, Bathroom 23, Bedroom 22, Bedroom 17, Bathroom 12, Bathroom 7
Interior features
Ceiling Fans(s), High Ceilings, Open Floorplan, Thermostat
Subdivision
SUNSET PARK
Directions
Winter Haven, FL
Standard status
Active
APN
26-28-29-633500-000310
Size
16,012 SF
Lot size
0.73 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUNSET PARK PB 21 PG 46 LOTS 31 THRU 40
Tax Annual Amount
47502
Legal Description
SUNSET PARK PB 21 PG 46 LOTS 31 THRU 40
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
central AC
dishwasher
in-unit washer/dryer
Building Details
Year built
2021
Building materials
Frame
Roof type
Shingle
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Tito Urbano Perez · License #3470017
(407) 907-0350
Added: Aug 4
Changed: Sep 17
Last Checked: Sep 17 at 5:06PM
MLS# TB8535686
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property includes 15 apartments across two two-story buildings totaling 16,012 square feet on 0.73 acres. Completed in 2021, the buildings use wood-frame construction with slab foundations, pitched shingle roofs, central air, and electric heating. The unit mix includes six one-bedroom/one-bath apartments ranging from 670 to 864 square feet, five two-bedroom/two-bath apartments measuring 1,179 square feet, and four three-bedroom/three-bath apartments measuring 1,523 square feet.
Apartment interiors include plank flooring, white shaker cabinetry, stainless steel appliances, contemporary bathrooms, dishwashers, and in-unit washers and dryers. Electricity is separately metered and paid directly by residents. Public water and public sewer serve the property, which is located at 750 Ave C SW in Winter Haven, Polk County, Florida.
Apartment interiors include plank flooring, white shaker cabinetry, stainless steel appliances, contemporary bathrooms, dishwashers, and in-unit washers and dryers. Electricity is separately metered and paid directly by residents. Public water and public sewer serve the property, which is located at 750 Ave C SW in Winter Haven, Polk County, Florida.
Key Highlights
- 15‑unit multifamily property completed in 2021
- Two two‑story buildings totaling 16,012 SF on 0.73 acres
- Unit mix includes 6 one‑bedroom, 5 two‑bedroom, and 4 three‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$151,664
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,033,280
$3.0M
Cap Rate 7%
$2,166,629
$2.2M
Cap Rate 9%
$1,685,156
$1.7M
Market Conditions
NOI Build-Up for 16,012 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$294.0K $18.36/SF
− Vacancy
−$18.2K −$1.14/SF
EGI
$275.8K $17.22/SF
− OpEx
−$124.1K −$7.75/SF
NOI
$151.7K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,033,280
Cap Rate 7%
$2,166,629
Cap Rate 9%
$1,685,156
Alternative Uses
Best Use
Apartment 5plus
$2.17M
$1.90M – $2.53M
NOI $151,664 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.85M
$3.37M – $4.49M
NOI $269,347 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
15
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 33880, FL
42,005
Population
17,055
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,296
Density / Sq Mi
$56,803
Median Household Income
$35,051
Median Earnings
$1,128
Median Rent
$200,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story buildings provide central air, in-unit laundry, and separately metered electricity for residents.
Where is this apartment building located?
The property is located at 750 AVE C SW Winter Haven, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 15‑unit multifamily property completed in 2021; Two two‑story buildings totaling 16,012 SF on 0.73 acres; Unit mix includes 6 one‑bedroom, 5 two‑bedroom, and 4 three‑bedroom apartments
