| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 34th | Poor |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1015 W Bell St, Avon Park, FL, 33825, US |
| Region / Metro | Avon Park |
| Year of Construction | 1982 |
| Units | 43 |
| Transaction Date | 2004-03-05 |
| Transaction Price | $1,000,000 |
| Buyer | LIFESTYLE RENTALS LLC |
| Seller | LEMONTREE APARTMENTS LTD |
1015 W Bell St, Avon Park FL Multifamily Investment
Stabilized renter demand is supported by everyday amenities and attainable rents in the neighborhood, according to WDSuite’s CRE market data, offering a pragmatic entry point for value-focused investors. Neighborhood occupancy trends and a broad workforce base suggest steady leasing potential with disciplined operations.
Situated in Avon Park’s inner-suburban fabric, the property benefits from everyday convenience: neighborhood access to groceries, pharmacies, parks, and restaurants ranks competitive among Sebring-Avon Park neighborhoods (39 total) and sits in the top quartile nationally for several categories. Cafe options are limited, but essential retail density and services provide practical support for resident retention.
Neighborhood occupancy is below national norms, yet the area holds an A neighborhood rating and ranks 4th out of 39 in the metro, indicating overall competitive positioning within Sebring-Avon Park. Median rents in the neighborhood have trended upward over the past five years, reinforcing that pricing power exists when paired with disciplined lease management and unit-level improvements.
Construction in the neighborhood skews late-1970s on average; this property was built in 1982. The vintage points to aging systems but also value-add potential via targeted renovations, common-area refreshes, and energy-efficiency upgrades to improve competitive standing against older stock.
Demographics within a 3-mile radius show households increasing despite a modest population decline, implying smaller household sizes and a gradual shift toward more, smaller households. For investors, that dynamic can broaden the renter pool and support occupancy stability, particularly for efficiently sized units. Home values remain relatively accessible in context, so we recommend balancing rent growth with resident retention strategies to manage competition from entry-level ownership.
Schools in the neighborhood trail national averages, which may matter less for studios and smaller formats but should be considered in unit-mix strategy and marketing. Overall, the location’s convenience retail, workforce orientation, and manageable rent levels provide a practical foundation for long-term operations.
Relative to the Sebring-Avon Park metro (39 neighborhoods total), the neighborhood’s safety ranking is among the stronger cohort, while national percentiles indicate it remains below average compared to neighborhoods nationwide. In other words, it is comparatively favorable within the metro but not a top performer at the national level.
Recent trends point to a slight decline in property offenses year over year, contrasted with an uptick in violent offenses. For investors, this mix argues for continued focus on exterior lighting, access control, and community standards to support leasing and renewals without relying on block-level claims. Monitoring trend direction and engaging with local resources can help sustain operational stability.
The broader labor base is anchored by industrial, retail, and chemicals employers within commuting distance, supporting workforce housing demand and day-to-day stability for leasing: Mosaic, Publix Super Markets, and Airgas Specialty Products are notable drivers reflected below.
- Mosaic — mining & chemicals (35.6 miles)
- Publix Super Markets — retail HQ & corporate (41.8 miles) — HQ
- Airgas Specialty Products — industrial gases (43.3 miles)
This 1982, 43-unit asset offers a practical workforce housing play supported by essential retail access and steadily rising neighborhood rents. Household growth within a 3-mile radius, despite modest population contraction, suggests smaller household sizes and a broader renter base, which can support occupancy stability with attentive operations. Based on commercial real estate analysis from WDSuite, neighborhood positioning is competitive within the Sebring-Avon Park metro even as occupancy trends trail national averages, making disciplined management and selective upgrades key to value capture.
Investor focus should center on value-add execution—unit turns, durability upgrades, and common-area improvements—while balancing rent growth with retention given accessible ownership options in the area. Safety metrics compare favorably within the metro but are weaker nationally, warranting continued emphasis on property-level security practices as part of the operating plan.
- Workforce-oriented location with strong access to daily-needs retail and services supporting everyday renter demand
- 1982 vintage presents clear value-add pathways via targeted unit renovations and operating enhancements
- Household growth within 3 miles expands the renter pool, aiding leasing and renewal stability
- Competitive metro positioning per WDSuite data, though occupancy trails national norms—emphasize leasing discipline
- Risk: Nationally below-average safety metrics and accessible ownership options require proactive retention and security strategies