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3135 Woodhill Rd Winter Haven, FL 33881

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Low-density multifamily community with value-add potential in Winter Haven.

Type:Multifamily
Added:
Apr 3, 2026
Days on Market:
25
Last Refresh:
Apr 3 at 5:05 am

Property Features for 3135 Woodhill Rd

General Information

Standard status
Active
Property subtype
Multifamily

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Listing Contact
Matthew W. Prozzillo

Listing agent Matthew W. Prozzillo License #FL: SL3348085

Listing office Orlando Office

Listing date Apr 3, 2026

Source Marcusmillichap

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Orlando Office


Overview

Terra Hill Estates Multifamily Community

Terra Hill Estates is a low-density residential community designed to foster resident retention, reduce turnover costs, and maintain stable operating performance compared to traditional multifamily properties. A value-add strategy has been implemented, with approximately 62% of the units remaining in their original condition. This presents an opportunity for continued rent growth through unit-by-unit renovations. The property offers immediate net operating income (NOI) upside through the conversion of a non-revenue unit into leasable space, potentially generating an estimated $18,000 in additional annual income with minimal capital investment. Following renovations, the property is expected to maintain a pricing advantage over newly constructed Class A properties, allowing it to capture rent growth while sustaining strong occupancy rates. This positioning enhances demand across market cycles. The property benefits from workforce housing fundamentals within the Winter Haven/Lakeland corridor, an area experiencing population and employment growth. These factors support long-term rental demand, income growth, and asset appreciation.
Location Intelligence

Current Use by Public Records

Woodhill Estates Apartments Apartment Building

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Winter Haven
County
Polk
State
Florida
Longitude
-81.767694
Latitude
28.0333419

FAQs

What type of property is this?
Apartment building - Low-density multifamily community with value-add potential in Winter Haven.
Where is this apartment building located?
The property is located at 3135 Woodhill Rd Winter Haven, FL.
What are key features of this property?
This property features: Value‑add opportunity: 62% of units in classic condition, renovate for rent growth.; Immediate NOI upside: Convert non‑revenue unit into leasable space, generating $18,000 annually.; Low‑density community offers a resident‑style living experience, supporting tenant retention.
More about this property
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