Terra Hill Estates Multifamily
For Sale
Contact for pricing
3135 Woodhill Rd, Winter Haven, FL 33881
Low-density multifamily community with value-add potential in Winter Haven.
Property SizeContact for details
Days on Market125
Property Features for 3135 Woodhill Rd
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Orlando Office
(407) 557-3888
Listed By:
Matthew W. Prozzillo · License #License(s): FL: SL3348085
(407) 557-3888
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 10
Last Checked: Aug 5 at 4:01AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Explore this area
Business Placement
Demographics for 33881, FL
38,369
Population
17,948
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
85%
High-School Grad
21.9 sq mi
ZIP Area
1,752
Density / Sq Mi
$53,867
Median Household Income
$33,941
Median Earnings
$1,153
Median Rent
$177,400
Median Home Value
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 - 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.
