Garden-Style Lakefront Apartment
For Sale
Contact for pricing
5233 U.S Highway 98 North, Lakeland, FL 33809
220-unit, garden-style apartment community on a lakefront setting with recently completed major interior and exterior renovations.
Property SizeContact for details
Days on Market122
Property Features for 5233 U.S Highway 98 North
General Information
Standard status
Active
Class
Class B
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
220
Amenities
Clubhouse
Business Center
Fitness Center
Swimming Pool
Tennis Courts
Lakefront with Fishing Pier
Garages
Building Details
Construction
garden-style
Tenancy
Multi
Listing Agency:
Cushman & Wakefield - Tampa, Florida
Listed By:
Michael Donaldson · License #SL3182319
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 8:42PM
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 Cushman & Wakefield - Tampa, Florida
Investment Insights
Based on property information with market context.
This garden-style apartment community offers 220 units and a lakefront setting with a fishing pier. Recent capital improvements within the last three years include renovation of the majority of units and exterior enhancements, along with major interior upgrades such as new cabinet doors, refinished countertops, a new lighting package, addition of full-size washer/dryers, screened-in patios and balconies, and ceiling fans.
Community amenities include a clubhouse with a business center, fitness center, swimming pool, and tennis courts, along with available garages. The property has frontage to the U.S. Highway 98 corridor in Lakeland, Florida, and is positioned minutes from Lakeland Square Mall.
The unit mix emphasizes two-bedroom floor plans, and the community has operated with a historically high occupancy level. Additional adjacent developable lakefront land is noted as available to support expansion opportunities.
Community amenities include a clubhouse with a business center, fitness center, swimming pool, and tennis courts, along with available garages. The property has frontage to the U.S. Highway 98 corridor in Lakeland, Florida, and is positioned minutes from Lakeland Square Mall.
The unit mix emphasizes two-bedroom floor plans, and the community has operated with a historically high occupancy level. Additional adjacent developable lakefront land is noted as available to support expansion opportunities.
Key Highlights
- 220‑unit, garden‑style apartment community with lakefront setting and a clubhouse‑level common area amenity package
- Significant renovations within the last three years with $1.9M+ in capital improvements, including renovation of the majority of units
- Extensive interior upgrades: new cabinet doors, refinished countertops, new lighting package, and full‑size washer/dryers in units
Property Analytics
Current Use
Lease Details
220
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 33809, FL
30,629
Population
12,647
Households
2.4
Avg Household Size
45
Median Age
27%
College-Educated
91%
High-School Grad
65.9 sq mi
ZIP Area
465
Density / Sq Mi
$67,112
Median Household Income
$40,839
Median Earnings
$1,492
Median Rent
$248,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 220-unit, garden-style apartment community on a lakefront setting with recently completed major interior and exterior renovations.
Where is this apartment building located?
The property is located at 5233 U.S Highway 98 North Lakeland, FL.
What are key features of this property?
This property features: 220‑unit, garden‑style apartment community with lakefront setting and a clubhouse‑level common area amenity package; Significant renovations within the last three years with $1.9M+ in capital improvements, including renovation of the majority of units; Extensive interior upgrades: new cabinet doors, refinished countertops, new lighting package, and full‑size washer/dryers in units
