18 Unit Multifamily Portfolio Located in Auburndale, FL
1980's Concrete Block Construction with Pitched Roofs and Central HVAC's
Excellent Light Value-Add Opportunity to Create Consistency in Finishes Across All Units
Average Monthly Rental Upside of $186+ when Compared to Comparable Properties in the Submarket
Average In-Place Rent: $1,171
Average of Highest Lease Achieved for Each Floor Plan: $1,199
Average Pro Forma Market Rent: $1,357
Lakeland Ranks #4 out of 25 Fastest Growing Markets 2023-2024 in the U.S. (U.S. News - Real Estate)
Lakeland Population has Increased 10.36% Since the Most Recent Census in 2020 (World Population Review)
Conveniently Located Near Retailers & Restaurants Including Aldi (2.4 Mi), Lowes (2.4 Mi), Walmart Supercenter (2.5 Mi), Publix (5.1 Mi), Sam's Club (10.6 Mi) and Target (13.7 Mi)
Located Near Major Employers Including Publix Corporate Headquarters (13.7k Employees), Lakeland Regional Health (5.9k Employees), Amazon (5k Employees), Geico Corporate Headquarters (3.7k Employees), and the City of Lakeland (2.8k Employees)