| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 31st | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7580 Stirling Rd, Hollywood, FL, 33024, US |
| Region / Metro | Hollywood |
| Year of Construction | 1974 |
| Units | 42 |
| Transaction Date | 1985-12-01 |
| Transaction Price | $1,556,429 |
| Buyer | TCG CORINTHIAN FL PORTFOLIO PROP III LLC |
| Seller | COLONIAL VILLAGE APARTMENTS LLC |
7580 Stirling Rd, Hollywood FL Multifamily Investment
Renter demand is deep in this Urban Core pocket, supporting stable neighborhood occupancy, according to WDSuite’s CRE market data. For investors, the area’s high renter concentration and proximity to everyday services point to consistent leasing and retention.
This Hollywood, Florida address sits within an Urban Core neighborhood that trends around the national midrange on overall metrics, ranked 253 among 345 metro neighborhoods. Local occupancy is reported at the neighborhood level, not the property, and sits in the mid-50th national percentile, signaling generally steady tenant retention rather than outsized volatility.
Amenity access is mixed: grocery availability is competitive among Fort Lauderdale–Pompano Beach–Sunrise neighborhoods (ranked 81 of 345; top decile nationally), while parks, pharmacies, and cafes are comparatively sparse. For daily needs, this balance supports convenience-driven renters, though limited recreational amenities nearby may require management to emphasize on-site features.
Renter-occupied housing share is very high (top tier in the metro; rank 3 of 345 and 99th percentile nationally), expanding the tenant pool for a 42-unit asset. Median contract rents benchmark above national norms (around the upper quartiles), which can support pricing power when units are well maintained and positioned. The neighborhood’s median home values are elevated versus national medians (upper-third percentiles), a high-cost ownership backdrop that tends to sustain reliance on multifamily rentals rather than accelerating move-outs to ownership.
Within a 3-mile radius, population and household counts have grown recently and are projected to expand further, indicating a larger tenant base ahead. Household incomes have been rising, while forecast rents are expected to trend higher as well, based on commercial real estate analysis from WDSuite. For investors, this combination points to demand durability, provided affordability and unit quality are managed prudently.
Vintage context matters: the property’s 1974 construction is older than the neighborhood average (1983). That typically implies capital planning for systems and interiors, but it can also offer renovation and value-add pathways to differentiate against aging nearby stock.
Public crime metrics for this specific neighborhood were not available in the provided dataset. Investors should evaluate multi-year, neighborhood-level trend reports and compare them to metro baselines rather than relying on block-level anecdotes. Contextual measures such as lighting, visibility, and property management practices also play a role in resident perception and leasing outcomes.
Proximity to regional corporate employers supports a broad commuter renter base and helps underpin weekday occupancy. Nearby anchors include automotive retail, healthcare and pharma, logistics, energy services, and industrial products.
- AutoNation — automotive retail (8.0 miles) — HQ
- Johnson & Johnson — healthcare and pharma (10.3 miles)
- Ryder System — logistics and fleet management (15.1 miles) — HQ
- World Fuel Services — energy services (17.6 miles) — HQ
- Mosaic — industrial products and chemicals (17.6 miles)
The 42-unit property at 7580 Stirling Rd offers exposure to a high-renter neighborhood with midrange occupancy performance and a deep tenant pool. The 1974 vintage is older than area norms, which points to capex needs but also creates value-add potential where renovations can justify rent positioning. According to CRE market data from WDSuite, the neighborhood sits near the national midrange for occupancy, while renter concentration ranks among the metro’s highest—factors that generally support leasing stability when units are competitively finished and managed.
Within a 3-mile radius, recent population and household growth—and forecasts for further expansion—suggest a larger renter base ahead. Elevated ownership costs in the area tend to sustain reliance on multifamily housing, while rents benchmark above national medians, reinforcing pricing power for well-executed renovations. Key risks include affordability pressure for some cohorts and ongoing capital planning typical for 1970s construction.
- Deep renter pool in a high renter-occupied neighborhood supports demand depth and retention
- Midrange neighborhood occupancy with grocery convenience underpins steady leasing, per WDSuite data
- 1974 vintage offers renovation and value-add pathways alongside targeted capex planning
- 3-mile population and household growth point to a larger tenant base and forward demand
- Risk: affordability pressure and ongoing capital needs could temper near-term rent growth