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12-Unit Apartment Building

3755 N SCENIC HWY, Lake Wales, FL 33898

For Sale
Contact for pricing

The community combines three bedroom configurations with an established utility billback system.

Property SizeContact for details
Days on Market11

Property Features for 3755 N SCENIC HWY

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 7 x studio, 3 x 1BR/1BA, 1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units 12

Additional Details

Utilities to Site Yes

Building Details

Year Built 1953
Buildings 1
Stories 1
Construction concrete block
Listing Agency: Colliers - Tampa, Florida
Listed By: Luis Baez · License FL BK3038581
Source: Crexi
Added: Nov 2 Changed: Nov 8 Last Checked: Nov 10 at 8:43AM

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 Colliers - Tampa, Florida

Rey
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Investment Insights

Based on property information with market context.

This 12-unit apartment property in Lake Wales, Florida, comprises a single-story concrete block building constructed in 1953. The unit mix includes 7 studios, 3 one-bedroom/one-bathroom apartments, 1 two-bedroom/one-bathroom apartment, and 1 three-bedroom/one-bathroom apartment. The roof is four years old, and the property uses well and septic service. A utility billback system is already in place.

The property is on N Scenic Highway, approximately 33 miles from Orlando and 47 miles from Tampa.

Key Highlights

  • 12 apartments: 7 studios, 3 one‑bedroom/one‑bathroom, 1 two‑bedroom/one‑bathroom, and 1 three‑bedroom/one‑bathroom
  • Single‑story concrete block construction, built in 1953
  • Roof is four years old

Property Analytics

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Lease Details

12
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

57
Businesses Nearby

Demographics for 33898, FL

17,971
Population
10,080
Households
1.8
Avg Household Size
51
Median Age
17%
College-Educated
85%
High-School Grad
296.9 sq mi
ZIP Area
61
Density / Sq Mi
$54,778
Median Household Income
$32,414
Median Earnings
$1,122
Median Rent
$161,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Polk County, FL

$443 Jul
$341 Aug
$226 Sep
$232 Oct

Properties on Market for Apartment buildings in Polk County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The community combines three bedroom configurations with an established utility billback system.
Where is this apartment building located?
The property is located at 3755 N SCENIC HWY Lake Wales, FL.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: 12 apartments: 7 studios, 3 one‑bedroom/one‑bathroom, 1 two‑bedroom/one‑bathroom, and 1 three‑bedroom/one‑bathroom; Single‑story concrete block construction, built in 1953; Roof is four years old
(813) 221-2079 Call to check price and availability
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