| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 31st | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7550 Stirling Rd, Hollywood, FL, 33024, US |
| Region / Metro | Hollywood |
| Year of Construction | 1973 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | $4,115,000 |
| Buyer | TCG CORINTHIAN FL PORTFOLIO PROP III LLC |
| Seller | COLONIAL VILLAGE APARTMENTS LLC |
7550 Stirling Rd Hollywood Multifamily Investment
Renter concentration in the surrounding neighborhood supports a deep tenant base and steady occupancy, according to WDSuite’s CRE market data.
Situated in Hollywood, Florida, this property sits within an Urban Core neighborhood where renter-occupied housing is a dominant share, indicating depth of tenant demand and potential leasing durability at the neighborhood level. Neighborhood occupancy is in the low 90s, suggesting generally stable operations for comparable assets in the area, based on CRE market data from WDSuite.
Local amenity access is mixed: grocery store availability ranks strong (around the 90th percentile nationally), while parks, pharmacies, and cafes are limited within the neighborhood itself. For investors, this pattern points to daily-needs convenience but fewer leisure and green-space amenities nearby, which can influence resident preferences and leasing strategy.
Homeownership conditions indicate a high-cost ownership market relative to local incomes (value-to-income ratio in the top decile nationally). That context typically supports sustained renter reliance on multifamily housing and can aid lease retention, though it may also concentrate sensitivity to rent increases among cost-burdened households. Neighborhood median household income sits below national norms, and the rent-to-income ratio signals affordability pressure, so careful renewal management and pricing discipline are advisable.
Within a 3-mile radius, population and households have grown and are projected to expand further by 2028, with household counts expected to outpace population growth. That dynamic points to smaller average household sizes over time and a larger renter pool, which can support occupancy stability and absorption for efficiently sized units. Median asking rents in the 3-mile radius have trended upward and are forecast to continue rising, according to WDSuite’s CRE market data, reinforcing the case for income growth where product quality and unit mix align with local budgets.
The average construction year in the neighborhood is newer than this asset. With a 1973 vintage, investors should plan for targeted capital improvements and potential value-add renovations to enhance competitive positioning against 1980s-era and later stock while capturing rent premiums tied to modernization.
Neighborhood-level crime data for this area are not available in the current WDSuite release. Investors typically benchmark safety by comparing neighborhood trends to city and metro context and by reviewing recent municipal reports and property-level incident histories to gauge resident perception and potential impacts on leasing and retention.
Proximity to a diversified employment base supports renter demand and commuting convenience, with nearby roles spanning automotive retail, healthcare and consumer products, logistics, chemicals, and energy distribution.
- AutoNation — automotive retail (7.9 miles) — HQ
- Johnson & Johnson — healthcare & consumer products (10.3 miles)
- Ryder System — logistics & transportation (15.1 miles) — HQ
- Mosaic — chemicals & fertilizer (17.6 miles)
- World Fuel Services — energy & fuel distribution (17.6 miles) — HQ
7550 Stirling Rd is a 70-unit, efficiently sized asset (average unit size near 473 sq. ft.) positioned in a neighborhood with a very high share of renter-occupied housing, supporting depth of tenant demand. Neighborhood occupancy sits around the low 90s, and ownership costs are elevated relative to incomes, which typically sustains renter reliance on multifamily. The 1973 vintage points to value-add potential through modernization to stay competitive with newer neighborhood stock.
Within a 3-mile radius, population and households have expanded and are projected to grow further by 2028, indicating a larger renter pool and tailwinds for occupancy stability. Rents in the area have risen and are forecast to continue upward, and according to CRE market data from WDSuite, local grocery access is strong while discretionary amenities are thinner—an operating context that rewards durable, needs-oriented positioning and disciplined lease management.
- Deep tenant base signaled by high renter-occupied share at the neighborhood level
- Occupancy in the low 90s supports stable operations for comparable assets
- 1973 vintage offers value-add and modernization upside versus newer local stock
- 3-mile radius growth expands the renter pool and underpins absorption
- Risk: affordability pressure (low neighborhood incomes vs. rents) requires careful pricing and renewal strategy