| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Good |
| Demographics | 42nd | Fair |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 921 N 68th Ter, Hollywood, FL, 33024, US |
| Region / Metro | Hollywood |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | $200,000 |
| Buyer | MAROUN SABA |
| Seller | BURKE THOMAS |
921 N 68th Ter, Hollywood FL Multifamily Opportunity
Neighborhood occupancy has remained elevated relative to national norms, supporting stable renter demand for a 24-unit asset, according to WDSuite’s CRE market data. Metrics cited refer to the surrounding neighborhood rather than this specific property.
Positioned in Hollywood’s inner-suburban fabric of the Fort Lauderdale metro, the property benefits from neighborhood fundamentals that lean toward stability. Neighborhood occupancy is in the top quartile nationally, indicating resilient leasing conditions that can support collections and retention through cycles (per commercial real estate analysis from WDSuite). Renter-occupied housing represents roughly a third of units locally, suggesting a diversified tenure base with a meaningful but not saturated renter pool.
Day-to-day convenience is anchored by strong grocery and dining access: grocery density sits well above national norms and restaurants are competitive among metro peers, while café and park coverage is limited. Average school ratings are also in the top quartile nationally and competitive among Fort Lauderdale neighborhoods (ranked against 345 neighborhoods), a factor that can aid family-oriented renter retention.
On pricing and affordability, neighborhood median contract rents sit near the metro middle with five-year growth, and home values have risen materially over the last cycle. The area’s high value-to-income ratio signals a high-cost ownership market in context, which tends to reinforce reliance on rentals and support occupancy stability for well-managed assets.
Demographics aggregated within a 3-mile radius point to a larger tenant base over time: population has edged higher in recent years with households growing faster than population, and projections call for additional population growth and more households by 2028. This combination typically translates to a larger renter pool and supports leasing velocity.
Vintage context: the property was built in 1972, which is newer than the neighborhood’s average vintage. That relative youth can enhance competitive positioning versus older stock, though investors should still plan for modernization of building systems and common areas as part of the business plan.
Neighborhood safety trends compare favorably at the national level, with violent-offense indicators in a higher national percentile (safer) and property-offense measures also above national averages, based on WDSuite’s data. Within the past year, property-related incidents show an uptick, so underwriting should incorporate prudent security, lighting, and resident engagement measures.
Framed against Fort Lauderdale metro peers (345 neighborhoods), the area performs above the metro median on several safety dimensions, but conditions vary by block and over time. Use recent comps and professional assessments to calibrate operating assumptions rather than relying on a single snapshot.
The employment base within a commutable radius features corporate offices that support steady renter demand and retention, including AutoNation, Johnson & Johnson, Ryder System, Mosaic, and World Fuel Services. Proximity to these nodes can reduce commute times and broaden the tenant base for workforce-oriented units.
- AutoNation — corporate offices (8.6 miles) — HQ
- Johnson & Johnson — corporate offices (9.1 miles)
- Ryder System — corporate offices (14.4 miles) — HQ
- Mosaic — corporate offices (15.6 miles)
- World Fuel Services — corporate offices (16.4 miles) — HQ
This 24-unit asset, built in 1972, aligns with durable neighborhood fundamentals: high neighborhood occupancy, competitive school ratings, and strong grocery/restaurant access underpin steady leasing conditions. The vintage is newer than the neighborhood average, offering a relative edge versus older stock, while still leaving room for targeted modernization to drive rentability.
According to CRE market data from WDSuite, ownership costs in the area are elevated relative to incomes, which typically sustains reliance on multifamily and supports occupancy stability. At the same time, rent-to-income levels indicate some affordability pressure, so pricing power should be balanced with retention-focused operations. Household growth within a 3-mile radius and proximity to diverse corporate employers further support long-term renter demand.
- Neighborhood occupancy is top quartile nationally, supporting stable collections and retention.
- 1972 vintage is newer than local average, with modernization upside to enhance competitiveness.
- High-cost ownership context reinforces rental demand and supports leasing velocity.
- 3-mile household and population growth expand the tenant base near key employment centers.
- Risk: Affordability pressure and recent property-offense upticks warrant conservative underwriting and active asset management.