| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Good |
| Demographics | 42nd | Fair |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 920 N 68th Ter, Hollywood, FL, 33024, US |
| Region / Metro | Hollywood |
| Year of Construction | 1972 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
920 N 68th Ter Hollywood Multifamily Investment
Neighborhood-level occupancy is strong and supports leasing stability for this 38-unit, 1972 vintage asset, according to WDSuite’s CRE market data. The submarket’s renter demand and ownership costs suggest durable tenant depth without relying on aggressive underwriting.
Located in Hollywood’s inner-suburban fabric of Broward County, the property benefits from a neighborhood occupancy rate of 97.3% (top quartile nationally), indicating resilient demand at the neighborhood level rather than at the property. Based on commercial real estate analysis from WDSuite, the area’s renter-occupied share sits in the mid‑30s, which points to a meaningful tenant base that can support steady absorption and retention for small and mid-size multifamily assets.
The building’s 1972 construction is newer than the neighborhood’s average vintage (1963), which can aid competitive positioning versus older stock; investors should still plan for modernization of aging systems and targeted common-area updates to sustain rentability. Neighborhood rents benchmark in the upper national percentiles, suggesting pricing power when operations and finishes are aligned with local expectations.
Daily needs are serviceable: grocery access tests strong relative to national benchmarks, while restaurants are comparatively dense for the area; by contrast, cafes, parks, childcare, and pharmacies are limited within the immediate neighborhood. School ratings track in the top quartile nationally, a factor that can support family-oriented renter demand and longer tenures.
Within a 3‑mile radius, demographics show modest population growth historically with forecasts calling for further population and household expansion, implying gradual renter pool expansion that supports occupancy stability. Elevated home values relative to incomes in the neighborhood context reinforce reliance on rental housing, while a higher rent‑to‑income ratio warrants attentive lease management and renewal strategies to mitigate affordability pressure.
Safety signals are competitive among Fort Lauderdale‑Pompano Beach‑Sunrise neighborhoods (ranked 89 out of 345 within the metro), with neighborhood-level indicators testing above the national median. Violent‑offense measures align with the safer end of national comparisons (top quartile nationally), and property‑offense measures are also stronger than national norms.
Recent data indicate a year‑over‑year uptick in property‑offense estimates locally. Investors should incorporate standard security practices and lighting/visibility improvements in capital plans and monitor trend direction, using lease management and community standards to support resident confidence.
Proximity to major corporate employers across autos, healthcare, logistics, energy, and homebuilding underpins a broad commuter base, supporting renter demand and retention for workforce‑oriented housing. The following nearby employers anchor the area’s employment nodes referenced in leasing discussions:
- AutoNation — automotive retail HQ (8.7 miles) — HQ
- Johnson & Johnson — healthcare products offices (9.0 miles)
- Ryder System — logistics & fleet management (14.3 miles) — HQ
- Mosaic — crop nutrition offices (15.6 miles)
- World Fuel Services — energy services (16.3 miles) — HQ
This 38‑unit property at 920 N 68th Ter offers exposure to a neighborhood with top‑quartile occupancy nationally and a renter base sufficient to support small‑asset leasing performance. According to CRE market data from WDSuite, ownership costs in the area are elevated versus incomes, which tends to sustain rental demand and supports pricing resilience when operations are well‑executed. The 1972 vintage is newer than the neighborhood norm, suggesting a competitive edge versus older stock while still calling for targeted system upgrades and value‑add interior improvements to meet local rent expectations.
Within a 3‑mile radius, population and household growth—both historical and forecast—point to a gradually expanding tenant base. Employers across healthcare, logistics, and corporate services within commuting distance bolster day‑to‑day demand, while strong school ratings and everyday retail access contribute to renter retention even as amenity gaps (parks, cafes, pharmacies, childcare) remain a consideration.
- Neighborhood occupancy in the top quartile nationally supports leasing stability and renewal potential
- 1972 vintage offers value‑add upside via system modernization and interior refreshes versus older local stock
- Expanding 3‑mile renter pool and proximity to diverse employers underpin long‑term demand
- Elevated ownership costs relative to incomes reinforce multifamily reliance and pricing power when well‑managed
- Risks: affordability pressure (higher rent‑to‑income) and amenity gaps; mitigate via disciplined renewals, ops efficiency, and targeted capex