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Renovated Multifamily Apartment Building

658 Avenue B Northwest, Winter Haven, FL 33881

For Sale
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The property combines one- and two-bedroom residences with an existing water and sewer reimbursement program.

Property SizeContact for details
Days on Market37

Property Features for 658 Avenue B Northwest

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 12 x 1BR/1BA, 4 x 2BR/1BA
Multifamily Units 16

Additional Details

Highway Access Yes
Listing Agency: Franklin Street Tampa
Listed By: Geno Cronin · License FL SL3612814
Source: Crexi
Added: Oct 5 Changed: Nov 8 Last Checked: Nov 10 at 6:32AM

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 Franklin Street Tampa

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Investment Insights

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This 16-unit apartment property includes 12 one-bedroom, one-bath units and 4 two-bedroom, one-bath units. Renovated apartments feature updated kitchens and bathrooms, new flooring, fixtures, appliances, and refreshed interior finishes. Basement space may be converted into rentable storage units, and the existing water and sewer reimbursement program recaptures approximately 80% of utility costs.

The property is just west of Downtown Winter Haven, with proximity to US Highway 17, Cypress Gardens Boulevard, and Polk County employment corridors. The surrounding area provides access to retail, dining, recreation, and employment, with regional connections between the Lakeland and Orlando metropolitan areas.

Key Highlights

  • 16 apartments: 12 one‑bedroom/one‑bath units and 4 two‑bedroom/one‑bath units
  • Renovated units have updated kitchens, bathrooms, flooring, fixtures, and appliances
  • Water and sewer reimbursement program recaptures approximately 80% of utility costs

Property Analytics

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Lease Details

16
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,378
Businesses Nearby

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
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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 property combines one- and two-bedroom residences with an existing water and sewer reimbursement program.
Where is this apartment building located?
The property is located at 658 Avenue B Northwest Winter Haven, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 16 apartments: 12 one‑bedroom/one‑bath units and 4 two‑bedroom/one‑bath units; Renovated units have updated kitchens, bathrooms, flooring, fixtures, and appliances; Water and sewer reimbursement program recaptures approximately 80% of utility costs
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