| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Fair |
| Demographics | 37th | Fair |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 232 Park Crest Ter, Sebring, FL, 33870, US |
| Region / Metro | Sebring |
| Year of Construction | 2001 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
232 Park Crest Ter Sebring Multifamily Investment
Amenity access ranks at the top of the Sebring-Avon Park metro while renter concentration is elevated, supporting a stable tenant base according to WDSuite’s CRE market data, though neighborhood occupancy trends warrant closer underwriting. This 2001 vintage asset offers relatively newer stock for the area and potential to compete on product quality.
Located in an Inner Suburb of Sebring, the neighborhood carries an A+ rating and ranks 1 out of 39 metro neighborhoods, indicating strong local fundamentals compared with peers. Amenity access is a notable strength: grocery, parks, restaurants, and pharmacies all rank near the top of the metro, with several categories landing in the top quartile nationally. This concentration of daily-needs retail and services can bolster leasing velocity and day-to-day livability for residents.
The local housing stock skews older (average vintage 1969 across the neighborhood), and this property’s 2001 construction positions it as newer than the area norm—an advantage for attracting tenants seeking more modern layouts and systems, while still planning for mid-life capital items and selective renovations to maintain competitiveness.
Neighborhood occupancy levels are below national averages (neighborhood rank 19 of 39 and a low national percentile), so investors should underwrite lease-up assumptions conservatively and focus on operations that emphasize retention. Counterbalancing this, the share of housing units that are renter-occupied is high versus the metro (ranked 3 of 39; high national percentile), indicating depth in the tenant pool and potential demand stability for multifamily.
Within a 3-mile radius, recent years show a modest dip in population alongside a slight increase in households, pointing to smaller household sizes and a shifting mix of residents that can still support multifamily demand. Forward-looking projections through 2028 indicate meaningful growth in households and an expanding resident base, which, if realized, would enlarge the renter pool and support occupancy over the medium term, based on CRE market data from WDSuite. Average school ratings are on the lower side for the metro, which may shape unit mix strategy and amenities for family renters.
Home values in the neighborhood sit on the lower end nationally, which can create some competition from ownership options. For investors, this calls for careful pricing and amenity differentiation to sustain leasing and renewals, rather than relying solely on rent-led growth. Rent-to-income levels suggest measured affordability pressure, implying a need for disciplined lease management to balance occupancy and rate.
Safety indicators are mixed relative to broader benchmarks. Overall crime levels track roughly around the national middle (national percentile near 50), while violent offense rates are comparatively better (top quartile nationally). Property offense rates are above average nationally but have recently trended higher year over year, so near-term monitoring and standard security measures may be prudent.
Within the Sebring-Avon Park metro, the neighborhood’s safety profile sits below the metro median (crime rank 30 out of 39 neighborhoods), underscoring the importance of commonsense on-site practices—lighting, access control, and resident engagement—to help support retention and asset performance over time.
Regional employers help underpin area demand, with proximity to industrial and resources operations that can broaden the renter base beyond purely local services.
- Mosaic — fertilizer & mining (43.7 miles)
Constructed in 2001, this 44-unit asset is newer than the surrounding neighborhood average, offering competitive positioning versus older stock while benefiting from the area’s top-ranked amenity access. Although neighborhood occupancy trends run below national norms, the elevated renter-occupied share suggests depth in the multifamily tenant base. According to CRE market data from WDSuite, near-term household growth within a 3-mile radius is projected to expand the addressable renter pool, supporting leasing stability if operations and capital plans are executed thoughtfully.
Investors should weigh strengths in convenience retail and services, product vintage, and potential household expansion against risks including below-median metro safety ranking, rising property offense trends, and ownership accessibility that may create competition with renting. Targeted value-add, prudent rent setting, and resident retention strategies can help capture durable demand while managing exposure.
- 2001 vintage offers a relative quality edge versus older neighborhood stock, with mid-life capex and upgrades to drive competitiveness.
- Top-of-metro access to groceries, parks, restaurants, and pharmacies supports leasing velocity and resident convenience.
- High renter-occupied share signals tenant depth; projected household growth within 3 miles can reinforce occupancy over time.
- Risks: below-median metro safety rank and recent property offense uptick; ownership accessibility may temper pricing power—prioritize retention and targeted value-add.