| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Fair |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 708 SW 67th Ter, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 1980 |
| Units | 100 |
| Transaction Date | 2022-03-23 |
| Transaction Price | $2,808,000 |
| Buyer | HOLLY HEIGHTS GAINESVILLE 1 LL |
| Seller | FOXTROT HOLDINGS LLC |
708 SW 67th Ter Gainesville Multifamily Investment
High renter concentration in the neighborhood supports a durable tenant base, while occupancy has been trending upward over the past five years, according to WDSuite’s CRE market data.
Located in Gainesville’s inner suburb profile, the neighborhood carries a B rating and shows renter-occupied housing at a high share, indicating a deep pool of prospective tenants for a 100-unit asset. Neighborhood occupancy sits below many peer areas but has improved in recent years, a constructive signal for leasing stability based on CRE market data from WDSuite.
Everyday conveniences are mixed: pharmacy access ranks competitive among 114 Gainesville neighborhoods and sits in the top quartile nationally, while cafes, groceries, and parks are relatively sparse in the immediate area. For investors, this suggests residents likely prioritize value, space, and commute patterns over walkable retail, which can influence amenity strategy and marketing.
Vintage context: the average construction year in the neighborhood is early 1980s, and the 1980 build suggests slightly older stock. That implies routine capital planning for systems and interiors, with potential value‑add upside via targeted renovations that enhance durability and renter appeal relative to nearby 1980s properties.
Demographics within a 3‑mile radius indicate smaller average household sizes compared with five years ago and a rising household count despite modest population decline, pointing to more, smaller households entering the market. Forward-looking projections show growth in both population and households, supporting a larger tenant base and sustained demand for rental units over the next cycle.
Ownership costs are moderate in context, which can create some overlap with entry-level ownership; however, the neighborhood’s elevated renter-occupied share tends to reinforce the depth of the multifamily demand pool. Rent-to-income levels indicate some affordability pressure, making asset positioning and lease management important to support retention and steady occupancy.
Safety indicators rank below the metro median (ranked 68 among 114 Gainesville neighborhoods) and fall in lower national percentiles, signaling higher crime exposure than many U.S. neighborhoods. Recent data, however, shows year-over-year declines in both violent and property offense rates, suggesting conditions have been improving, according to WDSuite’s CRE market data.
For underwriting and operations, investors often incorporate enhanced lighting, access control, and resident engagement as practical mitigants. Comparisons are best made against nearby submarkets and recent trendlines rather than single-year snapshots.
This 100‑unit, 1980‑vintage property sits in a Gainesville neighborhood with a high share of renter‑occupied housing, providing meaningful depth to the tenant pool. Neighborhood occupancy remains below many peer areas but has improved over the past five years, supporting a case for steadying performance as leasing normalizes. According to CRE market data from WDSuite, local retail convenience is mixed, favoring pharmacy access over walkable groceries or cafes—an operating context where onsite amenities and pragmatic unit finishes can differentiate.
The 1980 build is slightly older than the local average, pointing to straightforward capital planning and potential value‑add through system updates and interior refreshes. Within a 3‑mile radius, household counts have risen and are projected to grow, implying a larger tenant base even as household sizes trend smaller. Rent-to-income levels suggest measured pricing power; disciplined renewals and service quality can help sustain retention.
- High renter-occupied share supports demand depth and leasing resilience.
- Improving neighborhood occupancy trend underpins a more stable operating outlook.
- 1980 vintage offers clear value-add pathways via system and interior upgrades.
- 3-mile household growth and smaller household sizes expand the renter pool.
- Risks: lower safety rankings and modest amenity density require proactive operations and thoughtful positioning.