| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Good |
| Demographics | 42nd | Fair |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 900 N 66th Ter, Hollywood, FL, 33024, US |
| Region / Metro | Hollywood |
| Year of Construction | 1983 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
900 N 66th Ter Hollywood 50-Unit Multifamily Investment
Steady neighborhood occupancy and a renter-occupied housing base support durable leasing, according to WDSuite’s CRE market data. Positioning in Hollywood’s inner suburbs offers demand depth with manageable competitive pressure for a 1980s vintage asset.
Hollywood’s inner-suburban location provides access to daily amenities with strong grocery presence (competitive among Fort Lauderdale-Pompano Beach-Sunrise neighborhoods), while restaurants are more plentiful than average nationally. Cafés, parks, pharmacies, and childcare are thinner locally, which suggests residents rely on nearby commercial corridors rather than immediate block-level options.
Average school ratings in the area are strong for the metro (top quartile nationally), a factor that can aid long-term retention for family-oriented renters. Neighborhood occupancy is high and has trended up over the past five years, supporting stability for operators focused on resident experience and renewals.
The property’s 1983 construction is newer than the neighborhood’s older housing stock, giving it relative competitiveness versus mid-century assets; investors should still plan for targeted system upgrades and modernization to maintain positioning. Renter-occupied housing accounts for roughly a third of units in the neighborhood, indicating a meaningful tenant base and steady demand for multifamily product.
Within a 3-mile radius, WDSuite data shows modest population growth with a larger increase in households and a projected rise through 2028, pointing to a gradually expanding renter pool. Elevated ownership costs relative to incomes in the neighborhood context reinforce reliance on rental housing, while higher rent-to-income levels call for careful lease management to sustain retention and minimize turnover.
Safety indicators are mixed: neighborhood violent-offense measures benchmark in the top quartile nationally, and property-related offenses are above national average as well, which supports day-to-day livability compared with many U.S. neighborhoods. Within the Fort Lauderdale-Pompano Beach-Sunrise metro, results vary by sub-area, so operators typically focus on lighting, access control, and community oversight to maintain resident confidence.
Investors should view these metrics as directional: national percentiles indicate comparatively favorable standing, while metro-level differences underscore the value of on-site management practices and collaboration with local public-safety resources.
Proximity to major corporate offices supports a broad commuter tenant base and can enhance lease stability for workforce renters, including roles in automotive retail, pharmaceuticals, logistics, energy, and homebuilding.
- AutoNation — automotive retail (8.5 miles) — HQ
- Johnson & Johnson — pharmaceuticals (9.2 miles)
- Ryder System — logistics & transportation (14.5 miles) — HQ
- Mosaic — agribusiness (15.5 miles)
- World Fuel Services — energy services (16.5 miles) — HQ
This 50-unit, 1983-vintage asset benefits from high neighborhood occupancy and a renter base that supports consistent leasing, while its construction era offers a competitive edge versus older local stock. According to CRE market data from WDSuite, neighborhood rents sit above national norms and occupancy has strengthened in recent years, indicating resilient demand even as amenities are concentrated along nearby corridors.
Within a 3-mile radius, modest population growth and a larger increase in households point to a gradually expanding tenant base over the next five years. Elevated ownership costs relative to incomes underpin rental reliance, though higher rent-to-income levels suggest prudent revenue management and renewal strategies will be important. Targeted capital to modernize systems and finishes can help sustain positioning against newer deliveries and renovated comparables.
- High neighborhood occupancy trends support leasing stability and renewals.
- 1983 vintage provides competitive positioning versus older stock with practical value-add potential.
- Expanding households within 3 miles signal a growing renter pool and demand depth.
- High-cost ownership environment reinforces multifamily demand and potential pricing power.
- Risks: higher rent-to-income levels and a thinner nearby amenity mix call for careful lease management and resident engagement.