| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 43rd | Fair |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6600 SW 39th St, Davie, FL, 33314, US |
| Region / Metro | Davie |
| Year of Construction | 1980 |
| Units | 32 |
| Transaction Date | 2014-06-19 |
| Transaction Price | $5,750,000 |
| Buyer | DAVIE 39TH ST APARTMENTS LLC |
| Seller | C F ENTERPRISES LLC |
6600 SW 39th St Davie 32-Unit Multifamily
Neighborhood occupancy is above the metro median with a high share of renter-occupied housing units, according to WDSuite’s CRE market data. For investors, that points to durable tenant demand and relatively stable leasing conditions at the neighborhood level.
Located in Davie’s inner suburban fabric of the Fort Lauderdale-Pompano Beach-Sunrise metro, the neighborhood rates C+ and sits above the metro median for occupancy, suggesting steadier rent rolls relative to many peer areas. Renter concentration is elevated at the neighborhood level, indicating a deeper tenant base for multifamily assets and supporting renewal velocity when units turn.
Amenity access is mixed: restaurants and pharmacies index well compared with many U.S. neighborhoods, while immediate grocery, café, and park density is limited. For underwriting, this combination typically supports workforce housing dynamics—convenient daily services nearby, but fewer discretionary destinations within the immediate blocks—so marketing often leans on regional retail corridors and commuting access rather than hyperlocal walkability.
Within a 3-mile radius, recent population growth has been positive and household counts have expanded, with projections calling for further increases over the next five years. A larger household base translates into a broader renter pool, which can support occupancy stability and absorption for renovated units. Median home values in the neighborhood are elevated for the region, reinforcing sustained reliance on multifamily rentals; at the same time, a relatively high rent-to-income ratio signals affordability pressure to monitor for lease management and retention.
Neighborhood rent levels have grown over the last cycle and sit competitively versus national benchmarks, per WDSuite’s multifamily property research. Taken together—above-median occupancy, strong renter-occupied share, and expanding 3-mile household counts—the local dynamics remain attractive for stabilized operations with selective value-add execution.
Safety indicators compare favorably in a national context. Neighborhood violent-offense metrics are in the top decile nationwide, and property-offense metrics track in the top quartile, signaling comparatively lower incident rates than many U.S. neighborhoods. These trends can aid retention and reduce operational disruption, though conditions vary by block and should be validated during due diligence.
Within the Fort Lauderdale-Pompano Beach-Sunrise metro (345 neighborhoods), safety performance is competitive among peer areas, and recent data show improvement in violent-offense trends year over year. Investors should pair these macro indicators with on-site observations and management history to calibrate resident experience and security budgeting.
The area draws on a diverse employment base spanning automotive retail headquarters, healthcare administration, logistics, and life sciences—providing commute-friendly options that can support leasing and renewal stability.
- AutoNation — automotive retail (6.5 miles) — HQ
- Johnson & Johnson — pharmaceuticals & consumer health (12.3 miles)
- Tenet Healthcare Corporation, Florida Region — healthcare services (16.1 miles)
- Ryder System — logistics & transportation (16.9 miles) — HQ
- Mosaic — chemicals & manufacturing (19.3 miles)
This 32-unit property benefits from a neighborhood that is above the metro median for occupancy and has a strong share of renter-occupied housing, supporting demand depth and day‑to‑day leasing resilience. Within a 3-mile radius, both population and households have grown and are projected to increase further, expanding the tenant base and supporting occupancy stability for renovated or repositioned units. According to CRE market data from WDSuite, neighborhood rents and home values position multifamily as a practical option for many households, though rent-to-income levels warrant attentive renewal strategies.
Operationally, investors can underwrite steady demand drivers and target value-add where it enhances competitiveness versus older nearby stock, while accounting for affordability pressure and the limited immediate retail/park density by emphasizing regional access and services in marketing.
- Above-metro-median neighborhood occupancy supports stable rent rolls
- Elevated renter-occupied share indicates a deep tenant base
- 3-mile population and household growth bolster leasing and absorption
- Proximity to diversified employers underpins workforce housing demand
- Risks: rent-to-income pressure and limited immediate retail/park density require careful renewal and marketing strategy