Bear Creek
Closed1295 N Holland Pkwy, Bartow, FL 33830
Property type
Multifamily
Unit / Space count
48
Price
$4,400,000
Building size
26,832 sf
Rentable area
26,832 SF
Year built
1977
Year renovated
Occupancy
Zoning code
Lot size
2.94 Acres
Sold/status
2026-05-29
Sale price
$4400000
Bedroom count
Property description
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 32 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.
Property highlights
- 48-Unit Community Located in Bartow, Florida
- Recent Capital Improvements Include All New Roof (2023), All New Electrical
- 32 out of 48 Units Have Been Renovated By Current Ownership
- Significant Value-Add with $207+ in Average Monthly Rental Upside
- Current Average Lease Rent: $959
- Current Average Market Rent: $1,014
- Pro Forma Average Rent: $1,166
- Strong Growth Outlook: Bartow is Evolving with Significant Residential Development and Annexation of Former Phosphate Lands, Positioning the Market for Future Upside
- Accessible Major Roadways: The Property Lies Near US-17 and SR-60, Facilitating Easy Connections to the Tampa Bay Metropolitan Area (~42 miles) and the Orlando Region
- Convenient Retail Access: 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)
- Strategic Employment Hub: The Property Benefits from Proximity to Several of Polk County's Top Employers, Including Polk County Public Schools (~13,500 employees), Polk County Government (~2,200 employees), and Mosaic (~1,380 employees)