15-Unit Garden-Style
New
For Sale
Contact for pricing
750 AVE C SW, Winter Haven, FL 33880
Two-story multifamily buildings offer contemporary finishes, private laundry, and central air conditioning in every residence.
Property Size16,012 SF
Lot Size0.73 Acres
Price / SF$212.34
Days on Market6
Property Features for 750 AVE C SW
General Information
Standard status
Active
Size
16,012 SF
Class
A
Lot size
0.73 Acres
Property subtype
Multifamily
Zoning
RP
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$175,269
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
6 x 1BR/1BA, 5 x 2BR/2BA, 4 x 3BR/3BA
Multifamily Units
15
Amenities
central AC
dishwasher
in-unit washer/dryer
Building Details
Year Built
2021
Buildings
2
Stories
2
Units
15
Tenancy
Multi
Construction
garden-style
Listing Agency:
The Apartment Brokers
Listed By:
Tito Urbano · License #SL3470017
Source:
Crexi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 8:01AM
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 The Apartment Brokers
Investment Insights
Based on property information with market context.
Sunset West Apartments comprises two two-story buildings completed in 2021, with 15 residences and 16,012 SF of total building area on a 0.73-acre site. The unit mix includes six one-bedroom/one-bath apartments, five two-bedroom/two-bath apartments, and four three-bedroom/three-bath apartments. Interior specifications include wood-look plank flooring, white shaker cabinetry, stainless steel appliances, contemporary bathrooms, dishwashers, and in-unit washers and dryers. Each apartment also has central AC.
The property is located at 750 Avenue C SW in Winter Haven, Florida, within Polk County and the Central Florida I-4 corridor region. Construction includes slab foundations, wood-frame exterior walls, and pitched shingle roofs. Electricity is separately metered and paid directly by tenants, while city water and sewer serve the property.
The property is located at 750 Avenue C SW in Winter Haven, Florida, within Polk County and the Central Florida I-4 corridor region. Construction includes slab foundations, wood-frame exterior walls, and pitched shingle roofs. Electricity is separately metered and paid directly by tenants, while city water and sewer serve the property.
Key Highlights
- 15‑unit multifamily community completed in 2021
- Two two‑story buildings totaling 16,012 SF on 0.73 acres
- Unit mix: six 1BR/1BA, five 2BR/2BA, and four 3BR/3BA apartments
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$151,664
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,033,280
$3.0M
Cap Rate 7%
$2,166,629
$2.2M
Cap Rate 9%
$1,685,156
$1.7M
Market Conditions
NOI Build-Up for 16,012 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$294.0K $18.36/SF
− Vacancy
−$18.2K −$1.14/SF
EGI
$275.8K $17.22/SF
− OpEx
−$124.1K −$7.75/SF
NOI
$151.7K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,033,280
Cap Rate 7%
$2,166,629
Cap Rate 9%
$1,685,156
Alternative Uses
Best Use
Apartment 5plus
$2.17M
$1.90M – $2.53M
NOI $151,664 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.85M
$3.37M – $4.49M
NOI $269,347 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
15
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,312
Businesses Nearby
Explore this area
Business Placement
Demographics for 33880, FL
42,005
Population
17,055
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,296
Density / Sq Mi
$56,803
Median Household Income
$35,051
Median Earnings
$1,128
Median Rent
$200,900
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 - Two-story multifamily buildings offer contemporary finishes, private laundry, and central air conditioning in every residence.
Where is this apartment building located?
The property is located at 750 AVE C SW Winter Haven, FL.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 15‑unit multifamily community completed in 2021; Two two‑story buildings totaling 16,012 SF on 0.73 acres; Unit mix: six 1BR/1BA, five 2BR/2BA, and four 3BR/3BA apartments
