| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 31st | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7330 Stirling Rd, Hollywood, FL, 33024, US |
| Region / Metro | Hollywood |
| Year of Construction | 1999 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | $535,000 |
| Buyer | TCRG NORTH MIAMI APARTMENTS LLC |
| Seller | STIRLING APARMENTS ASSOCIATES LTD |
7330 Stirling Rd, Hollywood FL Multifamily Opportunity
Positioned in a renter-heavy neighborhood with steady occupancy, the asset benefits from durable demand drivers and a 1999 vintage that competes well against older local stock, according to WDSuite’s CRE market data.
Hollywood’s Urban Core setting delivers everyday convenience more than lifestyle flair. Grocery access is a relative strength (high national percentile), while parks, pharmacies, and café density are limited. Restaurants are present at levels that are competitive versus many U.S. neighborhoods. For investors, this mix suggests practical livability that supports leasing, with fewer “experience” amenities to differentiate product.
Neighborhood occupancy averages 92.3%, which sits around the metro midpoint based on WDSuite’s CRE market data. The share of housing units that are renter-occupied is high at 80.9% (ranked 3rd among 345 metro neighborhoods), indicating a deep tenant base and potential for stable absorption across cycles.
Within a 3-mile radius, demographics show recent population and household expansion with projections calling for continued population growth and a larger household base over the next five years. This points to a growing renter pool and supports occupancy stability and leasing velocity for well-positioned assets.
Homeownership is a high-cost proposition locally relative to incomes (value-to-income ratio in a high national percentile), which tends to reinforce reliance on multifamily rentals and can aid pricing power. At the same time, rent-to-income ratios are elevated by national standards, signaling affordability pressure that may require careful lease management to sustain retention.
The average construction year for the neighborhood is 1983 (ranked against 345 metro neighborhoods), and this property’s 1999 vintage is newer than the local norm. That positioning can reduce near-term capital intensity versus older comparables while still leaving room for selective modernization to sharpen competitive standing.
Neighborhood-level safety metrics are not available in WDSuite for this location at this time. Investors typically benchmark local trends against metro and national baselines when data is released and incorporate on-the-ground diligence to understand patterns at the block and corridor level.
Proximity to regional corporate offices supports a broad commuter base and can underpin renter demand and retention for workforce-oriented units. Notable nearby employers include AutoNation, Johnson & Johnson, Ryder System, Mosaic, World Fuel Services, Tenet Healthcare Corporation (Florida Region), Lennar, and Office Depot.
- AutoNation — corporate offices (7.6 miles) — HQ
- Johnson & Johnson — corporate offices (10.5 miles)
- Ryder System — logistics corporate offices (15.4 miles) — HQ
- Mosaic — corporate offices (17.6 miles)
- World Fuel Services — energy corporate offices (17.8 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (18.0 miles)
- Lennar — homebuilding corporate offices (20.4 miles) — HQ
- Office Depot — office supplies corporate offices (25.7 miles) — HQ
This 28-unit property, built in 1999, is newer than the neighborhood’s 1980s-era average, offering relative competitiveness versus older stock while allowing for targeted updates to enhance positioning. Neighborhood occupancy around the metro midpoint and an 80.9% renter-occupied share (3rd of 345 metro neighborhoods) indicate a sizable tenant base and durable demand. Within a 3-mile radius, population and household growth are projected to increase, expanding the renter pool and supporting lease-up and retention. Based on CRE market data from WDSuite, ownership costs sit high relative to incomes, a backdrop that tends to sustain multifamily demand even as affordability management remains important.
Operationally, investors should balance pricing power against elevated rent-to-income levels by focusing on resident retention and amenity/value optimization. The submarket’s limited park and café density argues for property-level enhancements that deliver convenience and utility.
- 1999 vintage outperforms local age profile, with room for selective modernization
- Large renter base (high neighborhood renter-occupied share) supports stable absorption
- 3-mile population and household growth point to a larger tenant pool ahead
- High-cost ownership environment helps sustain multifamily demand
- Risks: elevated rent-to-income ratios and limited lifestyle amenities require careful lease and amenity strategy