| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 27th | Poor |
| Amenities | 12th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5255 SW 32nd St, Hollywood, FL, 33023, US |
| Region / Metro | Hollywood |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | 2021-05-26 |
| Transaction Price | $31,750,000 |
| Buyer | INFINITY AZURE LLC |
| Seller | BLUE LAKE VILLAS OWNER LLC |
5255 SW 32nd St, Hollywood FL Multifamily Investment
Neighborhood occupancy trends in the low-90% range and a high renter concentration point to a durable tenant base, according to WDSuite’s CRE market data. This positioning supports income stability for well-managed assets while pricing should be set with local affordability in mind.
The property sits in Hollywood within the Fort Lauderdale–Pompano Beach–Sunrise metro, an Urban Core setting where multifamily demand is supported by a large renter pool. The neighborhood’s share of housing units that are renter-occupied ranks 6 out of 345 metro neighborhoods—top quartile nationally—indicating a deep tenant base that can aid leasing velocity and reduce downtime during turns.
Local livability is mixed. Restaurant density is competitive versus many neighborhoods nationwide, but cafés, groceries, parks, and pharmacies are sparse in the immediate area, so residents may rely on nearby corridors for daily needs. Average school ratings trend below metro norms, which may temper appeal for some family renters but has less impact on workforce-oriented demand.
Ownership costs are elevated relative to local incomes (high value-to-income metrics and above-median home values), which typically sustains reliance on rental housing and can support retention and occupancy. At the same time, the neighborhood’s rent-to-income profile signals affordability pressure, so disciplined lease management and renewal strategies are important to limit turnover.
Within a 3-mile radius, WDSuite data shows recent population growth alongside a notable increase in households, with projections for further household gains and a smaller average household size over the next five years. For investors, this points to a larger, more diversified renter pool that can underpin occupancy stability and ongoing demand for professionally managed units.
Built in 1972, the asset is older than the area’s average vintage. Investors should underwrite near- to medium-term capital expenditures and consider value-add upgrades to improve competitive positioning against newer stock while capturing rent trade-outs commensurate with finishes.
Safety signals are mixed and should be evaluated with standard risk controls. Within the Fort Lauderdale metro, the neighborhood’s overall crime rank places it in the less favorable half among 345 neighborhoods, suggesting investors should budget for routine security measures and strong property management practices. Nationally, conditions are closer to midpack, with property offenses comparatively more favorable than many areas.
Trend-wise, WDSuite’s data indicates property offenses declined year over year, while violent offenses increased over the same period. This combination argues for prudent lighting, access control, and resident engagement strategies rather than extraordinary measures, and for monitoring changes over time as part of ongoing asset management.
The surrounding employment base blends healthcare, automotive retail, industrial logistics, energy, and corporate support functions—sectors that support renter demand through diverse job opportunities and commute convenience for workforce tenants.
- Johnson & Johnson — healthcare/pharma offices (8.3 miles)
- AutoNation — automotive retail corporate offices (10.1 miles) — HQ
- Mosaic — chemicals & fertilizers corporate offices (12.6 miles)
- Ryder System — logistics & transportation corporate offices (14.2 miles) — HQ
- World Fuel Services — energy & fuel logistics corporate offices (15.4 miles) — HQ
This 20-unit asset offers exposure to a renter-heavy Urban Core pocket of Hollywood with neighborhood occupancy in the low-90% range and a deep tenant base. Elevated ownership costs versus incomes in the area help sustain reliance on rental housing, while a 3-mile radius shows recent population gains and a projected increase in households—signals that can support leasing and retention, based on CRE market data from WDSuite.
The 1972 vintage suggests underwriting for capital improvements and potential value-add repositioning to compete against newer stock. Amenities are limited in the immediate blocks, so marketing should lean into workforce proximity and access to broader metro services, with careful attention to rent-to-income dynamics to protect occupancy and limit turnover risk.
- Renter-heavy neighborhood supports depth of demand and leasing stability.
- Low-90% neighborhood occupancy and projected household growth underpin ongoing tenant demand (3-mile radius).
- 1972 vintage offers value-add and CapEx-driven upside to enhance competitive positioning.
- Elevated ownership costs reinforce reliance on rentals, supporting retention and pricing power with prudent lease management.
- Risks: affordability pressure, mixed safety signals, and limited immediate amenities require hands-on management.