| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 51st | Good |
| Amenities | 18th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1565 Sam Asbury Ave, Avon Park, FL, 33825, US |
| Region / Metro | Avon Park |
| Year of Construction | 2003 |
| Units | 24 |
| Transaction Date | 2014-03-20 |
| Transaction Price | $495,000 |
| Buyer | LIFESTYLE RENTALS LLC |
| Seller | HEARTLAND NATIONAL BANK |
1565 Sam Asbury Ave Avon Park 24-Unit Multifamily Investment
Neighborhood occupancy has trended upward and renter demand is supported by a high-cost ownership landscape relative to incomes, according to WDSuite’s CRE market data. These dynamics point to steady leasing potential in a rural pocket of the Sebring–Avon Park metro.
Avon Park’s rural setting offers a quieter operating environment with practical access to daily needs. Neighborhood school ratings are the strongest in the metro (ranked 1st of 39) and land in the top quartile nationally, a positive signal for family-oriented renter retention. Grocery access sits around the metro middle and near the national median, while cafes, restaurants, and pharmacies are sparse, reinforcing a car-oriented, low-retail-density profile.
For investors, the local multifamily context shows competitive occupancy among Sebring–Avon Park neighborhoods, though levels are below the national median. Median contract rents in the neighborhood trend below national averages, helping sustain leasing velocity but limiting near-term pricing power. The renter concentration is around one-third of housing units being renter-occupied, indicating a meaningful tenant base without oversaturation.
Within a 3-mile radius, households have increased even as total population edged down, implying smaller household sizes and a shift toward demand for modestly sized apartments. Forward-looking indicators show households and incomes projected to grow, which would broaden the local renter pool and support occupancy stability.
The property’s 2003 vintage is newer than the neighborhood’s average construction year (mid-1980s), offering relative competitiveness versus older stock. Planning for mid-life building systems and targeted upgrades could unlock value while maintaining cost discipline in a price-sensitive renter market.
Safety metrics are mixed when compared across the metro and nation. The neighborhood ranks near the bottom of the 39 metro neighborhoods for overall crime, and its national standing sits below the median. However, violent offense rates benchmark closer to the national median, while property offenses are comparatively higher.
Recent trends indicate a modest decline in estimated property offenses year over year, contrasted by an uptick in estimated violent offenses. Investors should evaluate on-the-ground management practices, lighting, and access controls, and compare police-reported data and trendlines over multiple years to assess operational risk and mitigation potential.
The area draws from a regional employment base spanning agriculture/chemicals, grocery distribution/retail, and industrial gases—supporting workforce housing demand and commute convenience for residents who travel within the Sebring–Lakeland corridor. The employers below reflect that base.
- Mosaic — fertilizers (34.8 miles)
- Publix Super Markets — grocery retail & distribution (40.6 miles) — HQ
- Airgas Specialty Products — industrial gases (41.6 miles)
This 24-unit, 2003-vintage asset offers relative age advantage versus much of the surrounding housing stock, positioning it well against older inventory while still warranting mid-life capital planning. Local occupancy is competitive within the Sebring–Avon Park metro, and neighborhood rents trail national levels—conditions that support steady tenant demand and lease-up while calling for disciplined revenue management. According to CRE market data from WDSuite, ownership costs relative to incomes are elevated versus national norms, which tends to sustain reliance on rental housing and bolster retention.
Demographic indicators within a 3-mile radius show households rising even as population softened, pointing to smaller household sizes and an expanding pool of renters for compact units. Strong school ratings and a stable, regionally diversified employment base further support long-term fundamentals, though the rural profile and limited nearby retail suggest measured rent growth expectations and attention to value-driven amenities.
- 2003 construction competes well versus older stock; plan for mid-life system upgrades and selective renovations.
- Competitive local occupancy with below-national rents supports steady absorption and retention.
- Household growth within 3 miles expands the renter pool for smaller unit types, aiding leasing stability.
- Elevated ownership costs relative to incomes reinforce demand for rental housing and lease durability.
- Risk: rural location, limited amenity density, and mixed safety metrics may cap pricing power; focus on value, security, and operations.