| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Fair |
| Demographics | 37th | Fair |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2929 Villa Rd, Sebring, FL, 33870, US |
| Region / Metro | Sebring |
| Year of Construction | 1982 |
| Units | 35 |
| Transaction Date | 2021-04-27 |
| Transaction Price | $7,600,000 |
| Buyer | VILLA PALMS AT SEBRING LLC |
| Seller | GLENDALE PROPERTIES & INVESTMENTS LLC |
2929 Villa Rd Sebring Multifamily Investment Opportunity
Neighborhood renter-occupied housing is elevated and amenities are strong, pointing to steady leasing potential for studios and smaller units, according to WDSuite’s CRE market data.
Sebring’s inner-suburb setting around 2929 Villa Rd offers practical conveniences that support day-to-day livability for renters. Neighborhood amenities score strong relative to the metro, with grocery, restaurant, park, and pharmacy access ranking near the top among 39 Sebring-Avon Park neighborhoods and landing in the top quartile nationally. That access typically helps stabilize demand and reduces friction for resident retention.
The property’s 1982 vintage is newer than the neighborhood’s average construction year of 1969 (ranked against 39 metro neighborhoods). For investors, that positioning can be competitively helpful versus older nearby stock, while still allowing room for targeted modernization or systems upgrades to capture value-add upside.
Renter-occupied housing represents a substantial share of neighborhood units (46.4% per WDSuite neighborhood data), indicating a meaningful tenant base for multifamily. Median contract rents in the area remain relatively attainable, and the neighborhood rent-to-income ratio suggests manageable affordability pressure, which can support lease stability. Conversely, more accessible home values in this market can create some competition with ownership, so pricing and unit finishes should be managed accordingly.
Demographic statistics aggregated within a 3-mile radius show a modest population contraction in the recent past alongside a small increase in households and smaller average household sizes. Forward-looking projections indicate population growth, rising household counts, and higher median incomes by 2028, which points to a larger tenant base and potential renter pool expansion. For a community of compact units (average unit size roughly 341 square feet), the shift toward smaller households may reinforce demand for efficient layouts.
Safety indicators are mixed. Within the Sebring-Avon Park metro, this neighborhood ranks toward the higher-crime end (30 out of 39 neighborhoods), while national comparisons sit around the middle overall. WDSuite’s data places violent offense rates in a relatively stronger position nationally (around the 71st percentile for safety), with property offense levels also faring better than average nationally.
Recent year-over-year movement shows a notable uptick in estimated property offenses, which investors should underwrite as a potential operating risk. Sensible on-site measures, resident screening, and coordination with local resources are typical mitigants; however, assumptions should reflect neighborhood-level trends rather than block-by-block conditions.
Regional employment access extends to Mosaic, which may contribute to a broader renter base, though commute distance suggests only a modest direct leasing impact.
- Mosaic — agriculture & mining (43.2 miles)
This 35-unit asset at 2929 Villa Rd is positioned in a convenience-rich Sebring neighborhood with strong grocery, dining, park, and pharmacy access—factors that support resident satisfaction and retention. The 1982 construction offers a relative edge versus older local stock while leaving room for targeted value-add. A sizable share of renter-occupied housing in the neighborhood and attainable area rents point to demand depth and potential occupancy stability. Based on CRE market data from WDSuite, demographic projections within a 3-mile radius call for growth in population and households, which can expand the renter pool and reinforce leasing.
Key considerations include modest metro-relative safety positioning with a recent uptick in property offenses, smaller unit sizes that focus the target renter profile, and ownership accessibility that can create competition with multifamily. Prudent capital planning, experience operating efficiency units, and disciplined lease management can help capture the submarket’s strengths while moderating risk.
- Amenity-rich location supports retention and day-to-day renter convenience.
- 1982 vintage offers relative competitiveness with value-add upside versus older stock.
- Elevated neighborhood renter concentration and attainable rents support demand depth and potential occupancy stability.
- 3-mile projections point to population and household growth, expanding the renter pool over the medium term.
- Risks: metro-relative safety positioning and property crime volatility; small-unit focus; potential competition from accessible ownership.