| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 31st | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7481 NW 33rd St, Hollywood, FL, 33024, US |
| Region / Metro | Hollywood |
| Year of Construction | 2011 |
| Units | 38 |
| Transaction Date | 2009-04-30 |
| Transaction Price | $960,000 |
| Buyer | BROWARD COUNTY HOUSING AUTHORITY |
| Seller | COUSINS BUILDERS CORP |
7481 NW 33rd St Hollywood Multifamily Opportunity
Renter concentration is high and neighborhood occupancy trends are near the metro median, according to WDSuite’s CRE market data, supporting durable demand for well-managed units. This 2011 vintage positions competitively versus older local stock while still warranting routine modernization planning.
The property sits in Hollywood within the Fort Lauderdale–Pompano Beach–Sunrise metro, with neighborhood occupancy at 92.3% (measured for the neighborhood, not the property) and near the metro median among 345 neighborhoods. A notably high share of housing units are renter-occupied (80.9%), indicating a deep tenant base and consistent leasing activity for multifamily operators.
Livability is anchored by everyday conveniences: grocery access ranks competitively within the metro (81 of 345) and in the 90th percentile nationally, a practical support for resident retention. Childcare density ranks 3 of 345 and in the 99th percentile nationally, while restaurants are present at levels typical for the metro. Parks, pharmacies, and cafes are less dense in the immediate neighborhood, suggesting residents rely more on nearby submarkets for those amenities.
Within a 3-mile radius, population and household counts have expanded and are projected to continue growing through 2028, pointing to a steadily expanding renter pool and support for occupancy stability. Median incomes in the 3-mile area have trended higher, which can aid collections and support rent growth where value is delivered, though lease management should calibrate pricing to retain qualified tenants.
The neighborhood’s ownership market skews higher-cost by national standards (value-to-income metrics are elevated), which tends to sustain reliance on rental housing and supports pricing power for well-maintained units. At the same time, rent-to-income levels indicate potential affordability pressure for some renters, reinforcing the need for thoughtful renewal strategies and amenity positioning. The asset’s 2011 construction is newer than the neighborhood’s average vintage (1983), offering competitive positioning versus older stock while still benefiting from targeted updates as systems age.
Comparable neighborhood safety data are not available in this release. Investors typically benchmark property-level security measures and recent trend data against metro and county reports to understand directionality rather than relying on block-level snapshots. Consider operator practices (lighting, access controls, incident response) and proximity to well-trafficked corridors when evaluating tenant retention and leasing velocity.
Proximity to major employers supports a broad workforce renter base and commute convenience for residents, notably in automotive retail, healthcare products, logistics, fertilizers, and energy distribution. The nearby anchors include AutoNation, Johnson & Johnson, Ryder System, Mosaic, and World Fuel Services.
- AutoNation — automotive retail (7.98 miles) — HQ
- Johnson & Johnson — healthcare products (10.14 miles)
- Ryder System — logistics & transportation (15.01 miles) — HQ
- Mosaic — fertilizers & chemicals (17.35 miles)
- World Fuel Services — energy distribution (17.44 miles) — HQ
This 2011-built Hollywood asset competes well against an older neighborhood stock base while tapping a renter-heavy area that supports consistent leasing. Neighborhood occupancy is near the metro median among 345 neighborhoods, and the 3-mile area shows expanding households and rising incomes—factors that can underpin demand and collections when paired with disciplined operations. Elevated ownership costs in the area tend to reinforce reliance on rentals, which can support pricing power for well-maintained units.
According to CRE market data from WDSuite, the neighborhood exhibits strong grocery and childcare access relative to metro and national benchmarks, with restaurants at typical levels and fewer parks and pharmacies immediately nearby. Affordability signals (including a high rent-to-income profile) suggest careful renewal strategies and amenity targeting to balance rent growth with retention.
- 2011 vintage offers competitive positioning versus older neighborhood stock with targeted modernization potential
- Renter-occupied share is high locally, indicating depth of tenant demand and leasing durability
- Expanding 3-mile population and households support a larger renter pool and occupancy stability
- Elevated ownership costs sustain reliance on rental housing, aiding pricing power for well-run assets
- Risks: affordability pressure (high rent-to-income), fewer nearby parks/pharmacies, and occupancy around the metro median