TERRA HILL ESTATES

SP Multifamily Group is pleased to present Terra Hill Estates, a 76-unit low-density multifamily community in Winter Haven, FL, offering a proven value-add opportunity, with 62% of units remaining to be renovated.

Featuring a differentiated single-story, residential-style layout with direct unit access, the property has already demonstrated achievable rent premiums and presents a clear, scalable path to continued NOI growth. With 47 classic units remaining, a new owner can execute a disciplined, unit-by-unit renovation strategy to drive rent increases and operational upside. Post-renovation, rents are projected to remain at a 15%–20% discount to nearby Class-A communities, supporting strong occupancy and sustained demand. The asset is further supported by multiple demand drivers within the Lakeland-Winter Haven MSA, including logistics expansion, tourism growth, and emerging innovation-based employment within the immediate corridor.