| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 34th | Fair |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 510 Grapefruit Ave, Sebring, FL, 33870, US |
| Region / Metro | Sebring |
| Year of Construction | 1978 |
| Units | 28 |
| Transaction Date | 2015-09-18 |
| Transaction Price | $820,000 |
| Buyer | EASTERN PENNSYLVANIA PROPERTY MANAGEMENT |
| Seller | SEBRING BABYBOOMERS PARADISE LLC |
510 Grapefruit Ave, Sebring FL Multifamily Value-Add
Neighborhood occupancy is competitive within the Sebring-Avon Park metro, suggesting steady tenant retention, according to WDSuite’s CRE market data. Focused updates at this 1978 asset could position it well against older local stock while maintaining renter appeal.
Located in a suburban pocket of Sebring with an A neighborhood rating (ranked 5th among 39 metro neighborhoods), the area shows durable renter demand signals. The neighborhood occupancy rate ranks 7th of 39, which is competitive among Sebring-Avon Park neighborhoods and supports lease stability for multifamily assets nearby.
Everyday amenities are reasonably accessible: restaurants, cafes, childcare, and pharmacies all score above national medians, with cafes and restaurants in the top quartile nationally. Grocery and park access is limited within the immediate neighborhood, so residents often rely on nearby corridors for essentials—an operating consideration for tenant expectations.
The local renter-occupied share is moderate at the neighborhood level, indicating a measured but stable tenant base; within a 3-mile radius, the renter concentration is higher, broadening the pool for multifamily leasing. School quality trends near the metro median, which generally aligns with workforce-oriented demand rather than premium family-driven positioning.
Home values in the neighborhood are on the lower side relative to many Florida metros, which can create some competition from ownership alternatives. However, rent-to-income levels track favorably for retention and pricing management, helping support occupancy and measured rent steps while maintaining affordability. Demographic statistics are aggregated within a 3-mile radius: households have inched higher as average household size declines, and forward-looking projections indicate a larger household base ahead—factors that typically support a broader tenant funnel for smaller-format units.
Safety indicators are mixed when viewed across metro and national lenses. The neighborhood’s overall crime positioning ranks in the lower half among 39 Sebring-Avon Park neighborhoods, signaling that investors should underwrite prudent security and loss-prevention measures. Nationally, violent offense metrics sit in the top quartile for safety, and recent trends show notable improvement, while property offenses remain relatively elevated and have seen a recent uptick. Taken together, this points to standard risk controls rather than extraordinary measures.
Regional employment is anchored by a mix of corporate and industrial footprints. The following nearby employer supports commuting convenience that can help leasing and retention.
- Mosaic — corporate offices (42.6 miles)
510 Grapefruit Ave is a 28-unit multifamily asset built in 1978, a vintage that is slightly newer than the surrounding neighborhood average. Targeted modernization can enhance competitiveness versus older local stock while keeping capital scope focused. Neighborhood occupancy ranks competitive within the metro, and rent-to-income levels suggest room for disciplined rent growth without overextending retention risk, based on CRE market data from WDSuite.
Within a 3-mile radius, households are projected to grow and average household size to trend smaller, which can expand the renter pool for compact units. Local amenities skew toward food-and-services access, though limited immediate grocery and park supply means residents rely on nearby corridors—an operational consideration for marketing and transportation convenience. Balanced against these strengths, underwriting should account for relatively elevated property offenses and potential competition from accessible ownership options.
- Competitive neighborhood occupancy supports leasing stability
- 1978 vintage offers value-add and modernization upside versus older local stock
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Favorable rent-to-income levels allow measured pricing without undue retention risk
- Risks: elevated property offenses and competition from ownership alternatives