| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 27th | Poor |
| Amenities | 12th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5525 SW 41st St, Hollywood, FL, 33023, US |
| Region / Metro | Hollywood |
| Year of Construction | 1976 |
| Units | 82 |
| Transaction Date | 2025-04-04 |
| Transaction Price | $13,100,000 |
| Buyer | CITADEL ALLAIRE ON 41ST LLC |
| Seller | 5525 SW 41 ST PEMBROKE LLC |
5525 SW 41st St Hollywood Multifamily Investment
Neighborhood occupancy has generally held in the low-90s with a deep renter base, supporting stable leasing conditions according to WDSuite’s CRE market data. For investors, the area’s renter concentration points to durable demand even as pricing power should be managed with attention to local affordability.
This Hollywood location functions as workforce housing within the Fort Lauderdale–Pompano Beach–Sunrise metro. Neighborhood occupancy is around the low-90% range, and the share of renter-occupied housing units is elevated, indicating a sizable tenant pool and potential for steady renewal activity (these metrics reflect the neighborhood, not the property). Restaurant density tests well versus national peers, while other daily amenities are thinner, suggesting residents may rely on a broader trade area for groceries, parks, and services.
The property’s 1976 vintage is slightly older than the neighborhood’s average construction year (1980). For investors, that typically signals the need to underwrite near- to medium-term capital items (systems, exteriors, common areas) while also creating value-add potential to improve finishes and reposition against newer competition.
Within a 3-mile radius, recent population growth has been modest and household counts have increased, with forecasts pointing to further household gains and smaller average household size by 2028. These shifts generally expand the renter pool and can support occupancy stability, though unit mix and pricing should be aligned to income distribution in the immediate area.
Relative performance signals are mixed. The neighborhood’s amenity rank is toward the back of the pack locally (ranked 318 among 345 metro neighborhoods), yet restaurant density sits in the 72nd percentile nationally, providing some lifestyle convenience. Median home values trend above the national midpoint and the value-to-income ratio ranks in the top decile nationally, a high-cost ownership backdrop that often sustains reliance on multifamily rentals. At the same time, rent-to-income measures indicate affordability pressure, so renewal strategies and rent growth should be paced to retention goals. These comparisons are based on CRE market data from WDSuite and refer to the neighborhood rather than the subject property.
Safety indicators are mixed when viewed against both metro and national comparisons. The neighborhood’s crime rank is 127 out of 345 metro neighborhoods, which is competitive among Fort Lauderdale–area neighborhoods, and overall safety sits slightly above the national midpoint. Property offense trends have improved year over year, while violent offense metrics track a bit below the national midpoint and have recently moved higher. Investors should evaluate recent trendlines and on-the-ground patterns at the block and corridor level as part of standard diligence.
Proximity to regional employers supports renter demand through commute convenience and a diversified white-collar base. Notable nearby employers include Johnson & Johnson, AutoNation, Ryder System, World Fuel Services, and Lennar.
- Johnson & Johnson — healthcare & consumer products (7.9 miles)
- AutoNation — automotive retail (10.6 miles) — HQ
- Ryder System — logistics & transportation (13.8 miles) — HQ
- World Fuel Services — energy & fuel services (14.9 miles) — HQ
- Lennar — homebuilding (17.4 miles) — HQ
5525 SW 41st St is an 82-unit, 1976-vintage asset positioned for workforce housing demand in Hollywood, Florida. The surrounding neighborhood exhibits steady occupancy in the low-90% range and a high share of renter-occupied units, indicating depth in the tenant base and potential lease-up resilience. Elevated home values relative to local incomes suggest a high-cost ownership market that can sustain multifamily demand; however, rent-to-income measures point to affordability pressure, so revenue strategies should balance growth with retention. According to CRE market data from WDSuite, neighborhood performance sits around metro midpoints on safety and occupancy, with improving property crime trendlines offset by recent volatility in violent offense statistics.
The 1976 construction year implies investors should plan for targeted capital projects (mechanicals, exterior, and interior modernization) while pursuing value-add scope to differentiate versus older stock. Household growth and a forecasted reduction in average household size within a 3-mile radius expand the prospective renter pool over the medium term, supporting occupancy stability if pricing and unit mixes match area incomes.
- Occupancy and high renter concentration support demand stability at the neighborhood level.
- 1976 vintage offers value-add potential alongside prudent capital planning.
- High-cost ownership environment reinforces reliance on rentals, aiding retention and leasing velocity.
- Nearby corporate employers broaden the commute-shed and deepen the renter base.
- Risk: Affordability pressure and uneven safety trendlines warrant conservative rent growth and active asset management.