| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 34th | Poor |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 705 S Florida Ave, Avon Park, FL, 33825, US |
| Region / Metro | Avon Park |
| Year of Construction | 1978 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
705 S Florida Ave Avon Park Multifamily Opportunity
Neighborhood-level data point to a solid renter base and accessible rents that support leasing durability, according to WDSuite’s CRE market data. Occupancy figures cited here reflect the surrounding neighborhood, not this specific property.
The property sits in an Inner Suburb location within the Sebring-Avon Park, FL metro where daily conveniences are close by. Neighborhood amenities rank 2 out of 39 metro neighborhoods, which is competitive among Sebring-Avon Park, FL neighborhoods. Grocery access and restaurants score in the top quartile nationally, while café density is limited. Parks and pharmacies are also above national midpoints, providing day-to-day essentials attractive to workforce renters.
Neighborhood-level occupancy trends below national averages but remains competitive within the metro. This context suggests investors should underwrite steady but not outsized absorption, with lease-up supported by local service and retail employment. Note that this occupancy refers to the neighborhood, not to 705 S Florida Ave specifically.
Tenure patterns show a high share of renter-occupied housing units relative to the metro (rank 4 of 39; top quartile nationally), indicating a deeper tenant base and potential for demand stability. Median contract rents in the neighborhood sit at accessible levels, which can help sustain retention while allowing disciplined, operations-led rent growth.
Within a 3-mile radius, population edged down over the past five years while the number of households increased and average household size decreased. This combination typically points to more, smaller households and a broader renter pool. Looking ahead to the published outlook period, households are projected to continue increasing, which supports multifamily demand even if population growth is muted.
Ownership costs in the surrounding neighborhood are relatively low compared with national benchmarks, which can introduce some competition from entry-level ownership. Even so, rent-to-income levels remain manageable, supporting lease retention and reducing turnover risk for well-managed assets.
Safety indicators for the neighborhood track below national norms and are near the bottom among 39 metro neighborhoods, based on WDSuite’s data. Nationally, the area sits below the midpoint for property and violent offense safety, so investors should account for enhanced security and resident engagement in operations.
Recent trends are mixed: estimated property offenses have eased year over year, while estimated violent offenses have increased. Framing these as neighborhood-level patterns (not property-specific) helps set expectations for prudent on-site measures and community partnership to support resident satisfaction and retention.
Regional employers within commuting range help anchor local renter demand, particularly for workforce housing tied to retail, industrial gases, and food distribution. The list below reflects nearby corporate offices that contribute to steady employment in the broader area.
- Mosaic — corporate offices (35.8 miles)
- Publix Super Markets — corporate offices (41.9 miles) — HQ
- Airgas Specialty Products — corporate offices (43.4 miles)
This 26-unit asset benefits from a neighborhood with strong grocery and restaurant access and a renter base that is above the metro median, supporting day-to-day leasing stability. Neighborhood occupancy is competitive within the Sebring-Avon Park metro but below national averages, suggesting underwritten expectations should favor steady, operations-driven performance over aggressive rent-outperformance. According to CRE market data from WDSuite, ownership remains relatively accessible locally, so value is unlocked through management, resident experience, and selective upgrades rather than pricing power alone.
Within a 3-mile radius, households have grown as average household size contracted, expanding the pool of renters even as overall population growth is muted. Forward-looking projections indicate additional household gains, reinforcing demand for practical, well-maintained units and supporting occupancy stability over the hold period.
- Renter-occupied concentration ranks high in the metro, indicating depth of tenant demand.
- Neighborhood occupancy competitive within metro; plan for durable, operations-led performance.
- Amenities strong for daily needs (groceries, restaurants, pharmacies), supporting resident retention.
- 3-mile household growth and smaller household sizes expand the renter pool and support leasing.
- Risks: below-average safety metrics and relatively accessible ownership options may temper pricing power.