| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Fair |
| Demographics | 24th | Poor |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6081 Summerlake Dr, Davie, FL, 33314, US |
| Region / Metro | Davie |
| Year of Construction | 2001 |
| Units | 84 |
| Transaction Date | 2019-08-20 |
| Transaction Price | $110,000 |
| Buyer | AT OWNER 13 L P |
| Seller | SUMMERLAKE APARTMENTS LTD |
6081 Summerlake Dr Davie Multifamily Investment (84 Units)
Neighborhood occupancy trends are competitive within the Fort Lauderdale metro, supporting stable renter demand according to WDSuite’s CRE market data. Built in 2001, the asset’s newer vintage versus nearby stock positions it well against older properties in this inner-suburban location.
This inner-suburban Davie location offers day-to-day convenience with strong food and park access at the neighborhood level, while some household services are thinner nearby. Restaurants and parks rank in the upper tier nationally, and grocery options are above average, though childcare and pharmacy density are limited. For investors, that mix supports livability while leaving room for curated amenity partnerships.
The neighborhood s occupancy rate is competitive among 345 Fort Lauderdale-Pompano Beach-Sunrise neighborhoods and above the national median, which can support leasing stability and limit downtime. Median contract rents in the area have risen over the past five years, and the renter-occupied share of housing units is sizable for the metro, indicating depth in the tenant base. Rising rent-to-income ratios suggest some affordability pressure, underscoring the importance of active lease management and renewals.
Within a 3-mile radius, population and households have grown and are projected to expand further, pointing to a larger tenant base over time. Household incomes have also advanced, which, together with forecast rent growth, supports sustained demand; investors can reference WDSuite s multifamily property research for validation of these directional trends. Elevated home values relative to incomes signal a high-cost ownership market, which often sustains reliance on rental housing and can bolster lease retention.
Construction year matters in this submarket: the neighborhood s average vintage skews older, and this property s 2001 delivery offers competitive positioning versus 1980s-era stock. That said, two decades in place means planning for systems updates and targeted renovations to maintain renter appeal and support future rent growth.
Safety indicators for the neighborhood sit around the metro middle when ranked against 345 Fort Lauderdale-Pompano Beach-Sunrise neighborhoods. Compared with neighborhoods nationwide, property offense metrics are in the top quartile for safety and violent offense indicators trend above the national median, pointing to comparatively favorable positioning at a high level.
Recent one-year changes show some volatility, particularly in violent offense trends, which warrants routine monitoring as part of underwriting and asset management. Investors should benchmark evolving patterns against broader metro movements rather than block-level variation to avoid overinterpreting short-term noise.
The area draws from a diversified employment base anchored by regional corporate offices that support commuter convenience and leasing depth, including AutoNation, Johnson & Johnson, Tenet Healthcare, Ryder System, and Mosaic.
- AutoNation — corporate offices (6.2 miles) — HQ
- Johnson & Johnson — corporate offices (12.2 miles)
- Tenet Healthcare Corporation, Florida Region — corporate offices (16.4 miles)
- Ryder System — corporate offices (17.0 miles) — HQ
- Mosaic — corporate offices (19.0 miles)
6081 Summerlake Dr combines a 2001 vintage with neighborhood-level occupancy that is competitive within the Fort Lauderdale metro, supporting stable operations and tenant retention potential. Elevated ownership costs in the area tend to reinforce renter reliance on multifamily housing, while 3-mile demographic trends point to population and household growth that can widen the renter pool over time.
According to commercial real estate analysis from WDSuite, local rent momentum and a sizable renter-occupied share underpin demand, while the property s newer construction relative to nearby 1980s-era stock provides a competitive edge. Prudent underwriting should account for affordability pressure and monitor safety trends, with selective capital improvements aimed at preserving positioning against older comparables.
- Competitive neighborhood occupancy supports leasing stability versus metro peers
- 2001 construction offers an edge against older 1980s-era stock
- High-cost ownership market helps sustain renter demand and retention
- 3-mile population and household growth expand the tenant base over time
- Risks: affordability pressure and recent safety volatility warrant proactive management