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Single-Story 55-Unit Apartment Community
For Sale
$6,600,000

3150 Pyramid Pkwy, Lakeland, FL 33805

Garden-style community with studio, one-bedroom, and two-bedroom floor plans in Lakeland, Florida.

Property SizeContact for details
Lot Size3.46 Acres
Days on Market49

Property Features for 3150 Pyramid Pkwy

General Information

Standard status Active
Net Rentable 31,680 SF
Lot size 3.46 Acres
Property subtype Multifamily

Units

Unit Mix 6 x studio, 43 x 1BR/1BA, 4 x 2BR/1BA, 2 x 2BR/2BA
Multifamily Units 55

Additional Details

Highway Access Yes

Amenities

washer/dryer hookups
air conditioning
dishwashers
storage space
semi-private patios
laundry facilities
on-site management
on-site maintenance

Building Details

Year Built 1984
Stories 1
Construction garden-style
Listing Agency: Tampa
Listed By: Miles Tombrink · License #FL: SL3345627
Source: Colliers
Added: Aug 8 Changed: Sep 12 Last Checked: Sep 24 at 6:34AM

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 Tampa

Investment Insights

Based on property information with market context.

Sutton Place is a 55-unit, single-story apartment community on 3.46 acres in Lakeland, Florida. Built in 1984, the property contains approximately 31,680 rentable square feet and offers a unit mix of 6 studios, 43 one-bedroom units, 4 two-bedroom/one-bathroom units, and 2 two-bedroom/two-bathroom units. Individual residences include air conditioning, dishwashers, storage space, and semi-private patios; washer/dryer hookups are provided in all units except studios.

Community features include laundry facilities, on-site management, and on-site maintenance. The property is located near Interstate-4 and U.S. Highway-98, with nearby retail, restaurants, healthcare facilities, schools, parks, lakes, amusement parks, and regional employment centers. Residents are less than 3 miles from major employers, entertainment centers, shops, restaurants, medical centers, academic institutions, and amusement parks.

Key Highlights

  • 55‑unit apartment community on 3.46 acres
  • Approximately 31,680 rentable square feet; constructed in 1984
  • Unit mix includes 6 studios, 43 one‑bedroom, and 6 two‑bedroom units

Property Analytics

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Current Use

Sutton Place Apartment Complex Cottage rentals Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

55
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

404
Businesses Nearby

Demographics for 33805, FL

26,954
Population
11,908
Households
2.3
Avg Household Size
36
Median Age
17%
College-Educated
82%
High-School Grad
26.0 sq mi
ZIP Area
1,037
Density / Sq Mi
$55,565
Median Household Income
$35,077
Median Earnings
$1,179
Median Rent
$173,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Garden-style community with studio, one-bedroom, and two-bedroom floor plans in Lakeland, Florida.
Where is this apartment building located?
The property is located at 3150 Pyramid Pkwy Lakeland, FL.
What is the asking price?
The asking price for this property is $6,600,000.
What are key features of this property?
This property features: 55‑unit apartment community on 3.46 acres; Approximately 31,680 rentable square feet; constructed in 1984; Unit mix includes 6 studios, 43 one‑bedroom, and 6 two‑bedroom units
More about this property
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