207 S Lake Silver Dr, Winter Haven, FL 33881

Colliers, as exclusive agent, is pleased to introduce you to Lake Silver apartments in fast-growing Winter Haven which is conveniently located just 36 miles outside of Orlando, FL, and 46-miles away from Tampa, FL. This 22-unit lakefront community is well-positioned for future growth thanks to its premier location in downtown Winter Haven. Exterior amenities include lake access, outdoor grills, off-street parking and an on-site laundry room. The interiors come with fully equipped kitchens, dual washer/dryer and a blend of renovation packages. These comforts will allow an incoming owner to immediately capture $90+ per unit per month in rental upside on lease renewals. For a new operator, there is an opportunity to increase net rental income $19,000 in Year 1 just by reducing the embedded loss-to-lease. Units are a healthy mix of 6 one-bedroom/one-bathroom, 8 two-bedroom/one-bathroom, 7 two-bedroom/two-bathroom and 1 three-bedroom/two-bathroom floorplans averaging 798, 900, 1,116 and 1,600 square feet, respectively. Residents are responsible for their own electric and water/sewer, while ownership pays for garbage pickup and common area utilities.

Lake Silver is located in Winter Haven, FL which is a fast-growing metro conveniently located between Tampa and Orlando. Winter Haven is known as “Chain of Lakes City” because it sits on a vast network of interconnected lakes. In addition to the easy access to watersports, residents enjoy proximity to entertainment parks such as: Legoland, Fantasy of Flight, Walt Disney World, SeaWorld and Universal. The property is conveniently located near Polk State College, Florida Polytechnic, Winter Haven Hospital, shopping, dining and entertainment. Located right along I-4, the metro has emerged as a key logistics hub. Publix, Walmart, Amazon, Aldi and Sherwin Williams all have major presences within 15-miles of Winter Haven. The Winter Haven local economy has exhibited serious growth, fueled by hundreds of millions in investment. Winter Haven is welcoming new businesses, jobs and capital to the community every day. Population growth projections are expected to be over 4% per year over the next five years providing numerous tailwinds for the Winter Haven multifamily sector.