Terra Hill Estates

For Lease

3135 Woodhill Road , Winter Haven, FL 33881

Contacts

Benjamin Skinner

SP Multifamily Group, Marcus & Millichap

Matthew Prozzillo

SP Multifamily Group, Marcus & Millichap

Property Details

  • Property Type Other
  • Property Size 417,740.4 SF
  • Date Updated Jul 3, 2026

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.


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Highlights

  • 62% Value-Add Remaining | 47 remaining classic units provide a clear and scalable path to continued rent growth
  • Differentiated Low-Density, Residential-Style Layout | Single-story community with direct unit access and private driveways creates a living experience unlike most multifamily properties
  • Immediate Income Upside | Lease-up of non-revenue unit adds approximately $18K in annual income
  • Positioned Below New Supply | Pro Forma rents are projected to remain 15%20% below Class-A properties, supporting occupancy and demand over time
  • Proven Renovation Upside | Ownership has achieved $100+ rent premiums on renovated units, supporting strong returns on remaining upgrades
  • Strong Market Fundamentals | Located in one of the nation's fastest-growing metros, supported by logistics, tourism, and innovation-driven employment

Getting around

  • 43/100

    Walk Score ®

  • 50/100

    Bike Score ®

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Location

  • City Winter Haven, FL
  • Neighborhood Inwood
  • Zip Code 33881

Points of Interest

  • Winter Haven

    2.98 miles

  • 7-Eleven

    0.72 miles

  • Self-Serve Fuel Farm

    2.07 miles

  • Sunoco

    2.15 miles

  • Murphy USA

    2.66 miles

  • Tesla Supercharger

    2.93 miles

  • RaceTrac

    3.20 miles

  • Marathon

    3.83 miles

  • Citgo

    4.35 miles

  • Shell

    5.50 miles

  • Legoland Parking Lot

    5.75 miles

  • Economy Parking

    9.15 miles

  • Camellia Motel

    2.16 miles

  • Travelodge Winter Haven

    2.16 miles

  • Budget Inn

    2.17 miles

  • Howard Johnson by Wyndham Winter Haven FL

    2.88 miles

  • Holiday Inn Winter Haven

    3.36 miles

  • Hampton Inn Winter Haven

    3.37 miles

  • Rodeway Inn

    4.56 miles

  • Econo Lodge

    5.48 miles

  • Legoland Hotel

    5.62 miles

  • LEGOLAND Pirate Island Hotel

    5.64 miles

  • Village Square Shopping Center

    1.23 miles

  • Publix

    1.34 miles

  • Save-A-Lot

    1.38 miles

  • Bealls Outlet

    1.39 miles

  • Harveys

    1.42 miles

  • Winn-Dixie

    1.67 miles

  • Bealls

    2.04 miles

  • ALDI

    2.67 miles

  • Belk

    2.70 miles

  • Macy's

    2.76 miles

Contact Terra Hill Estates
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