| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 31st | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7250 Stirling Rd, Hollywood, FL, 33024, US |
| Region / Metro | Hollywood |
| Year of Construction | 2000 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | $650,000 |
| Buyer | TCRG NORTH MIAMI APARTMENTS LLC |
| Seller | STIRLING APARTMENTS II LTD |
7250 Stirling Rd Hollywood Multifamily Investment
Neighborhood fundamentals point to steady renter demand and occupancy around the metro median, according to WDSuite’s CRE market data. Investor focus here centers on a deep renter base and a high-cost ownership backdrop that can support lease retention.
The property sits in Hollywood, Florida’s Urban Core, where renter demand is supported by a high neighborhood renter-occupied share and occupancy near the metro median. Neighborhood occupancy is measured for the neighborhood, not the property, and currently trends slightly above the national middle. The submarket’s housing profile is competitive among Fort Lauderdale–Pompano Beach–Sunrise neighborhoods based on WDSuite’s data, suggesting adequate leasing depth for stabilized assets and pragmatic value-add plays.
Daily convenience is a relative strength: neighborhood grocery access ranks well within the metro and in a high national percentile, while restaurants are present at moderate density. Cafe, park, and pharmacy density are thinner, which may reduce certain lifestyle amenities but has limited impact on workforce-oriented renter pools focused on commute and essentials.
Vintage context matters for positioning. The area’s average construction year is 1983, while this property was built in 2000, giving it a newer profile than much of the surrounding stock. That can aid competitiveness versus older buildings; investors should still plan for selective system updates as the asset approaches its third decade.
Within a 3-mile radius, demographics indicate a growing tenant base: the population has expanded in recent years with forecasts calling for further population growth and a meaningful increase in households. Household sizes are edging smaller, which can support steady absorption of multifamily units and bolster occupancy stability over time.
Home values in the neighborhood sit in a higher national percentile relative to incomes (value-to-income ratio in the national top decile), signaling a high-cost ownership market. For multifamily investors, that typically sustains reliance on rentals and can support pricing power, though lease management should remain attentive to affordability pressure.
Comparable Urban Core areas in the Fort Lauderdale metro can show varied safety trends over time. Neighborhood-level crime ranks were not available in the provided data, so investors should review recent, neighborhood-scale sources and property-level history to gauge on-the-ground conditions and trajectory relative to nearby submarkets.
Nearby corporate anchors span automotive retail headquarters, pharmaceuticals, logistics, energy, and chemicals — a mix that supports a broad workforce tenant base and commute convenience relative to this location.
- AutoNation — automotive retail HQ (7.6 miles) — HQ
- Johnson & Johnson — pharmaceuticals (10.5 miles)
- Ryder System — logistics & transportation (15.4 miles) — HQ
- Mosaic — chemicals (17.5 miles)
- World Fuel Services — energy & fuel services (17.8 miles) — HQ
Built in 2000, this 24-unit asset is newer than much of the surrounding housing stock, positioning it well against older properties while still warranting routine system modernization. Neighborhood occupancy trends around the metro median and the renter-occupied concentration is high, supporting depth of demand. Within a 3-mile radius, population growth and a projected increase in households point to a larger tenant base and potential support for sustained leasing momentum. According to CRE market data from WDSuite, neighborhood housing fundamentals are competitive in the metro, aided by solid grocery access and essential services.
From a demand-pricing lens, the neighborhood’s high value-to-income ratio signals a high-cost ownership market that can reinforce renter reliance on multifamily housing. At the same time, elevated rent-to-income levels introduce affordability pressure, making disciplined lease management and amenity-right sizing important. Overall, the location and vintage support a stable hold or targeted value-add strategy, with upside tied to unit finishes, efficiency upgrades, and tenant retention.
- Newer vintage (2000) than area average, aiding competitiveness versus older stock
- Renter-occupied concentration supports a deeper tenant base and leasing stability
- 3-mile radius shows recent and forecast household growth, supporting occupancy and absorption
- High-cost ownership context can sustain rental demand and pricing power
- Risk: affordability pressure (rent-to-income) requires careful lease management and retention focus