| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Good |
| Demographics | 42nd | Fair |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 940 N 66th Ter, Hollywood, FL, 33024, US |
| Region / Metro | Hollywood |
| Year of Construction | 1992 |
| Units | 30 |
| Transaction Date | 1992-01-01 |
| Transaction Price | $1,410,857 |
| Buyer | AVAILABLE NOT |
| Seller | AVAILABLE NOT |
940 N 66th Ter, Hollywood FL Multifamily Investment
Neighborhood fundamentals indicate resilient renter demand and high occupancy stability, according to WDSuite’s CRE market data. Positioned in Broward County’s inner suburbs, the asset benefits from steady leasing conditions and balanced long-term drivers.
This inner-suburban Hollywood location shows solid livability for workforce renters, with grocery access strong relative to the metro and restaurants competitively dense versus many U.S. neighborhoods. Parks, cafes, and childcare are thinner locally, so daily needs are well-covered while discretionary amenities are less concentrated nearby. Schools rate well compared with national peers, supporting family-oriented demand and potential lease retention.
Neighborhood occupancy trends are strong (top quartile nationally), which supports income durability for stabilized assets. The share of renter-occupied housing units in the neighborhood is roughly one-third, suggesting a meaningful tenant base without excessive dependence on transient demand. Median contract rents have trended upward over the past five years, reinforcing landlord pricing power but warranting attention to affordability management.
Within a 3-mile radius, population and households have grown and are projected to continue expanding, indicating a larger tenant base over time; this supports occupancy and leasing velocity. Household sizes are gradually edging smaller, which can favor a mix of 1–2 bedroom layouts. These shifts, paired with rising incomes in the radius, point to sustained renter pool expansion that aligns with multifamily property research use cases for investors monitoring demand depth.
Home values in the neighborhood sit in a higher national percentile and the value-to-income ratio is elevated, indicating a high-cost ownership market relative to local incomes. That dynamic typically reinforces reliance on rental housing and can aid retention where operators manage renewals thoughtfully. The property’s 1992 vintage is newer than the neighborhood’s older average stock, offering a competitive edge versus 1960s-era assets while still benefiting from targeted modernization to enhance rent positioning.
Safety indicators give a mixed but generally constructive read. On national benchmarks, violent offense rates sit in the top quartile for safety, and property offense rates also benchmark favorably versus neighborhoods nationwide. Recent year-over-year changes show modest movement, so investors should underwrite with standard operating contingencies and monitor submarket trends rather than block-level assumptions.
Relative to the broader Fort Lauderdale metro, the neighborhood’s position varies by offense type, underscoring the importance of property-level controls such as lighting, access management, and visibility. Overall, the data suggests conditions consistent with many inner-suburban South Florida neighborhoods, without clear outlier risk signals at the national level.
Proximity to diversified corporate employers supports commuter convenience and broad-based renter demand, particularly for workforce and professional households. Nearby anchors span automotive retail, healthcare, logistics, energy, and building sectors.
- AutoNation — automotive retail HQ (8.5 miles) — HQ
- Johnson & Johnson — healthcare & consumer products offices (9.2 miles)
- Ryder System — logistics & transportation HQ (14.6 miles) — HQ
- Mosaic — agriculture & materials offices (15.5 miles)
- World Fuel Services — energy & fuel services HQ (16.6 miles) — HQ
This 30-unit Hollywood asset benefits from high neighborhood occupancy, strong national standing for school quality, and proximity to diversified employment centers. The 1992 construction is newer than much of the surrounding housing stock, positioning the property competitively against older assets while allowing targeted renovations to lift rent positioning and improve operating efficiency. Based on CRE market data from WDSuite, ownership costs in the area are elevated relative to incomes, which supports sustained reliance on rental housing and underpins demand for well-managed multifamily product.
Within a 3-mile radius, population and household growth—paired with rising incomes—suggest a larger tenant base over the next cycle, supporting occupancy stability and renewal capture. Operators should still account for affordability pressure in pricing and renewal strategies, as rent-to-income levels are elevated in the neighborhood and could influence lease management tactics.
- High neighborhood occupancy and favorable national standing for schools support leasing stability
- 1992 vintage offers competitive positioning versus older stock with value-add potential through modernization
- Diversified nearby employers reinforce renter demand and commute convenience
- Household and income growth within 3 miles expands the tenant base and supports long-term absorption
- Risk: Elevated rent-to-income ratios require careful pricing, renewal, and amenity strategies to sustain retention