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Bear Creek Apartments 1295 N US Highway 17 48 Unit Apartment Building $4,400,000 ($91,667/Unit) Bartow, FL 33830
INVESTMENT HIGHLIGHTS
- Recent Capital Improvements Include All New Roof (2023), All New Electrical
- Significant Value-Add with $207+ in Average Monthly Rental Upside
- The Property Benefits from Proximity to Several of Polk County's Top Employers, Including Polk County Public Schools, Polk County Government, & Mosaic
- 36 out of 48 Units Have Been Renovated By Current Ownership
- The Property is Located Near Major Retailers, Including Walmart Supercenter (1.2 mi) Bealls (1.4 mi), Publix Super Market (1.5 mi), and ALDI (1.2 mi)
EXECUTIVE SUMMARY
Bear Creek Apartments is a 48-unit multifamily community strategically located in Bartow, Florida, a market experiencing strong economic and residential growth. The property has undergone notable capital improvements under current ownership, including a full roof replacement in 2023 and complete electrical upgrades. With 36 of 48 units already renovated, Bear Creek presents an immediate opportunity to capture rental upside, supported by a current average in-place rent of $959, market rents of $1,014, and a pro forma potential of $1,166.
Ideally situated near major transportation routes including US-17 and SR-60, Bear Creek offers seamless access to Tampa Bay and the broader Orlando region. Residents benefit from close proximity to key retail amenities such as Walmart Supercenter, Bealls, Publix, and ALDI, all within 1.5 miles, along with convenient connections to several of Polk County’s largest employment drivers, including Polk County Public Schools, Polk County Government, and Mosaic. Combined, these strengths make Bear Creek Apartments a well-located and future-forward asset in a rapidly evolving Central Florida market.
Ideally situated near major transportation routes including US-17 and SR-60, Bear Creek offers seamless access to Tampa Bay and the broader Orlando region. Residents benefit from close proximity to key retail amenities such as Walmart Supercenter, Bealls, Publix, and ALDI, all within 1.5 miles, along with convenient connections to several of Polk County’s largest employment drivers, including Polk County Public Schools, Polk County Government, and Mosaic. Combined, these strengths make Bear Creek Apartments a well-located and future-forward asset in a rapidly evolving Central Florida market.
PROPERTY FACTS
| Price | $4,400,000 | Building Class | C |
| Price Per Unit | $91,667 | Lot Size | 3.21 AC |
| Sale Type | Investment | Building Size | 57,405 SF |
| No. Units | 48 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1979 |
| Apartment Style | Garden | Parking Ratio | 0.87/1,000 SF |
| Zoning | XX, County | ||
| Price | $4,400,000 |
| Price Per Unit | $91,667 |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.21 AC |
| Building Size | 57,405 SF |
| Average Occupancy | 96% |
| No. Stories | 1 |
| Year Built | 1979 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | XX, County |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Built-In Bookshelves
- Dining Room
- Freezer
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Wheelchair Accessible
- Trash Pickup - Curbside
- Online Services
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 9 | - | 350 |
| 1+1 | 34 | - | 575 |
| 2+1 | 5 | - | 850 |
1 1
PROPERTY TAXES
| Parcel Number | 25-30-05-384521-000010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $721,291 |
PROPERTY TAXES
Parcel Number
25-30-05-384521-000010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$721,291
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Bear Creek Apartments | 1295 N US Highway 17
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