Marcus and Millichap is pleased to present Eastwood Apartments, a value add opportunity in the Orlando-Tampa Interstate 4 corridor. Eastwood’s rent restrictions recently expired. Market rents in the surrounding area of Haines City are on average $200 per unit higher than subject rents, providing an exciting opportunity to raise rents on this well-maintained property.
Eastwood Apartments has 42 units in eight one-story multi-family residential buildings. Built in 1978, the buildings are comprised of one-bedroom and two-bedroom apartment units. Subject site is situated on 4.02 acres with great street frontage visibility of approximately 310 linear feet on Hinson Avenue and 566 linear feet on S 22nd Street.
Location
Florida became the first state to welcome more than 100 million out-of-state and international tourists. In 2016, Florida welcomed 113 million visitors. New attractions and an ever-changing tourist landscape in Florida is being credited for the increased number of visitors.
Haines City is a city in Polk County, Florida. The population was 13,174 at the 2000 census. As of 2010, the census was 20,535. Haines City is the third most populous city in Polk County, Florida. It is part of the Lakeland-Winter Haven Metropolitan Statistical Area.
