| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Fair |
| Demographics | 24th | Poor |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5911 SW 41st St, Davie, FL, 33314, US |
| Region / Metro | Davie |
| Year of Construction | 1974 |
| Units | 20 |
| Transaction Date | 2012-07-31 |
| Transaction Price | $800,000 |
| Buyer | LAKEVIEW APARTMENTS GROUP LLC |
| Seller | LAKEVIEW APARTMENTS INC |
5911 SW 41st St, Davie Multifamily Investment
Neighborhood occupancy trends are steady and renter demand is supported by a meaningful renter-occupied base, according to WDSuite’s CRE market data. This location offers durable tenant depth amid an inner-suburban setting with improving household growth.
Situated in Davie’s inner-suburban fabric of Broward County, the property benefits from practical neighborhood amenities and access to employment corridors across the Fort Lauderdale–Pompano Beach–Sunrise metro. Parks density rates in the top quartile nationally, while restaurants and cafes score above metro medians—useful for day-to-day livability that supports leasing and renewals.
Neighborhood occupancy is above national midpoints and has inched higher over the past five years, indicating steady absorption and generally stable lease-up dynamics (per WDSuite’s CRE market data). The share of housing units that are renter-occupied is notable for this area, reinforcing a reliable tenant pool and reducing volatility between turns compared with more owner-heavy blocks.
Within a 3-mile radius, population and household counts have expanded in recent years, and projections indicate additional household growth through the forecast period. A larger local renter base typically supports occupancy stability and reduces downtime on unit turns, particularly for well-managed, clean product.
Home values in the neighborhood sit above national midpoints and the ownership market skews higher cost relative to local incomes. For investors, elevated ownership costs can sustain reliance on rental options, which supports pricing power and lease retention—though it also warrants attentive income verification and renewal management as rent-to-income ratios trend higher than average.
The asset’s 1974 vintage is older than the neighborhood’s average construction year. That age profile suggests planning for ongoing capital improvements and presents potential value-add upside through targeted renovations, system updates, and light common-area enhancements to stay competitive against newer stock.
Neighborhood safety indicators are mixed when viewed against national benchmarks. Overall crime positioning trends below the national median, yet violent offense measures sit around the safer side of average nationally, and property offense indicators are stronger, ranking in a higher (safer) national percentile. According to WDSuite’s data, recent year-over-year shifts show some volatility in violent offense trends, so prudent operators typically budget for lighting, access control, and resident engagement to help support retention.
Contextually, this pattern is common in inner-suburban locations: generally serviceable for workforce renters, with block-level variation. Investors should underwrite to standard security best practices rather than assuming either a tailwind or a headwind from safety alone.
Proximity to established corporate employers supports a broad commuter tenant base and helps stabilize leasing, particularly for workforce-oriented units. Nearby anchors include AutoNation, Johnson & Johnson, Tenet Healthcare, Ryder System, and Mosaic.
- AutoNation — corporate offices (6.1 miles) — HQ
- Johnson & Johnson — corporate offices (12.4 miles)
- Tenet Healthcare Corporation, Florida Region — corporate offices (16.3 miles)
- Ryder System — corporate offices (17.2 miles) — HQ
- Mosaic — corporate offices (19.0 miles)
This 20-unit, 1974-vintage asset sits in an inner-suburban Davie location where neighborhood occupancy is above national midpoints and renter concentration is meaningful, supporting depth of demand. Elevated ownership costs relative to incomes in the area tend to sustain reliance on rentals, while 3-mile radius demographics point to continued household growth—factors that underpin tenant retention and leasing durability. According to commercial real estate analysis from WDSuite, the neighborhood’s amenity mix (notably parks and dining) is competitive for workforce renters, suggesting that targeted upgrades can translate to steady absorption.
Given its older vintage, the property presents a clear value-add path through unit and system modernization to remain competitive against newer stock, while underwriting should incorporate prudent expense reserves and attention to affordability pressure (higher rent-to-income ratios) to maintain renewal rates. Safety trends are mixed but workable with standard property management practices, consistent with many inner-suburban submarkets.
- Steady neighborhood occupancy and renter-occupied depth support leasing stability
- 1974 vintage allows value-add through renovations and system updates
- Elevated ownership costs reinforce rental demand and pricing power potential
- 3-mile household growth expands the tenant base and supports absorption
- Risks: affordability pressure and mixed safety trends call for disciplined lease and OPEX management