Plant City Portfolio
Closed11 N Lemon Street, 1111 W Reynolds St, 1601 W Lowry Ave, Plant City, FL 33563
Property type
Multifamily
Unit / Space count
25
Price
$2,993,000
Building size
13,604 sf
Rentable area
13,604 SF
Year built
Year renovated
Occupancy
Zoning code
Sold/status
Sold · Date unknown
Sale price
$2993000
Bedroom count
Property description
Introducing the Plant City Portfolio, a 25-unit multifamily offering ideally positioned in the thriving market of Plant City, Florida. This portfolio features a desirable unit mix with 88% two-bedroom floor plans, offering strong appeal to a broad renter base. Nearly 70% of interiors have been renovated, and recent capital improvements include four new roofs and a repaved parking lot at 1111 W Reynolds Street. Individually metered water and sewer provide efficiency for ownership, and washer/dryer connections are available in approximately 65% of the portfolio, enhancing tenant convenience and value. Strategically located near I-4, the Plant City Portfolio offers excellent connectivity to Tampa and Lakeland, making it a strong choice for commuters. The surrounding area is experiencing consistent rent growth, with average rents increasing by 5.4% year-over-year, reflecting healthy demand for quality rental housing (Apartments.com Rental Market Trends – June 2025). Residents benefit from proximity to major employers, including the upcoming Park 4 Logistics Center, an 860,000-square-foot industrial development set to bring a significant workforce to the area. With easy access to major retailers such as Publix, Walmart, Starbucks, and Lake Walden Square, this portfolio presents a compelling investment opportunity in a growing Central Florida submarket.
Property highlights
- 25-Unit Portfolio Located in Plant City, Florida
- Desirable Unit Mix with 88% Two-Bedroom Floor Plans
- Individually Metered Water and Sewer for All Units
- Recent Capital Improvements Include 4 of 5 New Roofs and a Repaved Parking Lot at 1111 W Reynolds St
- Roughly 70% of Interiors have been Renovated Across the Portfolio
- Washer/Dryer Connections Available in All Units at Lemon St and Lowry Ave, Representing Approximately 65% of the Portfolio
- Submarket Experiencing Steady Rent Growth, with Average Rents Increasing by 5.4% Over the Past Year, Indicating a Healthy Demand for Rental Housing in Plant City (Apartments.com Rental Market Trends – June 2025)
- Proximity to Major Employment Hubs, including the Park 4 Logistics Center, an 860,000-square-foot Industrial Development Under Construction, Expected to Attract a Significant Workforce to the Area
- Strategically Located Near I-4, Providing Direct Access to Tampa and Lakeland, Enhancing Connectivity for Residents and Contributing to the Area's Appeal for Commuters
- Conveniently Located Near Shopping & Retail, including Lake Walden Square (1.8Mi), Walmart Supercenter (2.3Mi), Publix Supermarket (2Mi), CVS Pharmacy (1.6Mi), Starbucks (1.7Mi), Plant City Plaza (1.6Mi), & More