January 14, 2025
The Multifamily Firm Brokers Record-Breaking Apartment Sale in Winter Haven, FL
The Multifamily Firm is proud to announce the successful sale of Lakeshore Gardens Apartments, a 7-unit apartment community located in Winter Haven, Florida. This transaction, personally managed by Phil Ginexi and Kyle Keelan, achieved a record-breaking $248 per square foot, the highest price per square foot ever recorded for multifamily assets with five or more units in Winter Haven.
About The Property In Winter Haven, FL
The property sold for $580,000, equating to $82,857 per unit, in an all-cash transaction that closed in just 21 days. Lakeshore Gardens Apartments represents a light value-add opportunity, having undergone extensive capital improvements over the past two years. These upgrades include new metal roofs, upgraded septic systems with lift stations and drain fields, and a spacious garage storage area with the potential for coin laundry installation. The property consists of two buildings — one masonry and one wood-frame — on a 0.47-acre parcel.
About Polk County, FL
Located in Polk County, Florida’s fastest-growing County and the 7th fastest-growing in the nation, the property offers excellent connectivity to local and regional amenities, including Publix Supermarket, Winter Haven Hospital, Disney World Resort, and Orlando International Airport. The property’s location, combined with the potential to enhance cash flow through utility billing systems, made it an exceptional investment opportunity.
About The Multifamily Firm
The Multifamily Firm, based in Sarasota and Tampa, is a boutique real estate brokerage specializing exclusively in the sale of multifamily properties. With every transaction personally managed by our founders and a proven track record of over 150 Multifamily properties sold across Florida’s West Coast, The Multifamily Firm delivers hands-on service, proven results, and a simplified selling process for Multifamily (Apartment) Owners!