| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Good |
| Demographics | 42nd | Fair |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6520 Taft St, Hollywood, FL, 33024, US |
| Region / Metro | Hollywood |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6520 Taft St, Hollywood FL Multifamily Investment
Neighborhood occupancy is strong and ownership costs are elevated relative to incomes, supporting durable renter demand, according to WDSuite’s CRE market data. A practical thesis here centers on steady leasing fundamentals with measured upside from targeted upgrades.
This Inner Suburb location in Hollywood balances convenience with stable housing fundamentals. Neighborhood occupancy trends are in the top quartile nationally, signaling tight vacancy conditions that can support pricing discipline and lease retention, based on CRE market data from WDSuite. Restaurants and groceries are comparatively dense for the area (both above national medians), while fewer dedicated parks, pharmacies, and cafes fall within the immediate neighborhood boundary.
Schools benchmark well: the average school rating sits in the top quartile nationally, a positive signal for longer-term resident stickiness. Median home values rank above national norms and have outpaced the last five years’ growth trajectory for many U.S. submarkets, creating a high-cost ownership market that tends to reinforce reliance on multifamily rentals rather than shifting quickly into ownership.
Renter-occupied housing represents roughly one-third of neighborhood units, indicating a moderate renter concentration and a sufficiently broad tenant base without being overly saturated. Combined with tight occupancy, this suggests a demand profile supportive of stabilized operations rather than heavy lease-up risk. For vintage context, the average neighborhood construction year skews older; the subject’s 1987 build is newer than local norms, offering a relative competitive edge versus mid-century stock while still leaving room for modernization of systems and finishes as part of a value-add plan.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth with further increases projected over the next five years, implying a larger tenant base and continued renter pool expansion. Forecasts also point to rising incomes alongside higher asking rents, underscoring the importance of managing affordability thresholds to sustain retention and limit economic vacancy.
Safety indicators compare favorably at the national level. Estimated violent offense rates benchmark in the top quintile for safety nationwide, and property offense indicators are similarly above national averages, according to WDSuite’s CRE market data. While conditions can vary by block and over time, the comparative positioning suggests a supportive backdrop for resident retention relative to many U.S. neighborhoods.
The area draws from a diversified regional employment base that supports multifamily demand through commute convenience and retention. Nearby employers include automotive retail headquarters, pharmaceuticals, logistics, energy, and industrials.
- AutoNation — automotive retail HQ (8.1 miles) — HQ
- Johnson & Johnson — pharmaceuticals (9.6 miles)
- Ryder System — logistics & transportation (15.0 miles) — HQ
- Mosaic — industrials & chemicals (15.8 miles)
- World Fuel Services — energy & logistics (17.0 miles) — HQ
6520 Taft St offers a straightforward multifamily thesis anchored by tight neighborhood occupancy, a moderate but durable renter base, and ownership costs that remain elevated relative to incomes. The 1987 construction is newer than the neighborhood average, lending competitive positioning versus older stock while creating a clear path for value-add through selective interior and system updates. According to commercial real estate analysis from WDSuite, neighborhood-level metrics point to balanced demand drivers and above-average school benchmarks that can aid leasing stability.
Within a 3-mile radius, recent and projected growth in population and households indicates a larger tenant base ahead. Directionally rising rents and incomes support the case for steady cash flow management, though rent-to-income dynamics warrant careful pricing and renewal strategies to sustain retention.
- Tight neighborhood occupancy supports pricing power and lease stability.
- 1987 vintage outpositions older local stock with room for targeted value-add.
- High-cost ownership market reinforces renter reliance on multifamily housing.
- 3-mile growth in households expands the tenant base and supports absorption.
- Risk: affordability pressure (rent-to-income) requires disciplined rent setting and renewal management.