| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 12th | Poor |
| Amenities | 38th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2101 NW 55th Ave, Lauderhill, FL, 33313, US |
| Region / Metro | Lauderhill |
| Year of Construction | 1976 |
| Units | 88 |
| Transaction Date | 2016-07-01 |
| Transaction Price | $7,500,000 |
| Buyer | MBRL Property Holdings LLC |
| Seller | --- |
2101 NW 55th Ave, Lauderhill FL Multifamily Investment
Neighborhood fundamentals show steady renter demand and above-median occupancy for the area, according to WDSuite s CRE market data. This positions the asset for income-focused investors seeking stability in Broward County without relying on speculative rent growth.
Located in Lauderhill s Urban Core, the property sits in a renter-heavy neighborhood where an estimated 75%+ of housing units are renter-occupied. For multifamily owners, that concentration points to a deep tenant base and consistent leasing activity, while also requiring disciplined lease management to balance pricing and retention.
Rent levels in the neighborhood trend above many U.S. areas (median contract rent ranks in the upper-third nationally), and neighborhood occupancy is 92.6% above the metro median among 345 Fort Lauderdale Pompano Beach Sunrise neighborhoods and roughly mid-to-high nationally. Together, these indicators support baseline income durability for workforce-oriented assets in this submarket.
Daily convenience is a relative strength: grocery access ranks in the top quartile nationally, and park availability scores around the 90th percentile, while restaurants are slightly above average. However, cafes, childcare, and pharmacies are comparatively limited within the immediate neighborhood. Investors should underwrite resident convenience accordingly, noting that broader Broward employment and retail nodes remain drive-accessible.
Within a 3-mile radius, the population has inched up over the last five years (+2% range), while households increased more notably (+12% range), indicating smaller household sizes and a growing renter pool. Looking ahead to 2028, WDSuite s commercial real estate analysis suggests further household growth (projected ~40%+ in the radius) alongside rising median incomes, which can expand the tenant base and support occupancy stability over time.
Ownership remains relatively high-cost versus incomes (value-to-income ranks in the upper quartile nationally), which tends to sustain reliance on rental housing. At the same time, neighborhood rent-to-income is elevated, signaling affordability pressure that can affect renewal decisions and delinquency risk if not managed with targeted rent steps and amenity strategy.
Safety trends are mixed and should be evaluated in context. Overall crime conditions are competitive among Fort Lauderdale Pompano Beach Sunrise neighborhoods (ranked around the middle third out of 345), and property offense rates score in the top quartile for safety nationally. Year over year, property offenses have improved, while violent offense indicators are closer to national mid-range and have recently trended higher. Investors may want to align security measures, lighting, and resident engagement with these dynamics.
Proximity to major employers supports a broad commuter tenant base and can aid retention through commute convenience, including corporate headquarters and regional healthcare offices noted below.
- AutoNation corporate offices (5.4 miles) HQ
- Tenet Healthcare Corporation, Florida Region healthcare administration (11.0 miles)
- Johnson & Johnson corporate offices (17.8 miles)
- Office Depot corporate offices (18.5 miles) HQ
- Ryder System logistics corporate offices (22.0 miles) HQ
This 88-unit asset benefits from a renter-driven location and neighborhood occupancy of 92.6%, which is above the metro median among 345 neighborhoods. According to CRE market data from WDSuite, rents in the area benchmark in the upper-third nationally while ownership costs remain relatively high versus incomes, reinforcing steady reliance on multifamily housing. Within a 3-mile radius, households have expanded faster than population and are projected to grow further by 2028, supporting a larger tenant base and potential leasing resilience.
Key underwriting considerations include elevated rent-to-income in the neighborhood and limited nearby specialty amenities, which place a premium on pragmatic renovations, cost control, and resident services. With average unit sizes around 900 sq. ft., practical value-add updates and common-area improvements can help drive retention without overextending rent steps.
- Renter-heavy neighborhood and above-median occupancy support income stability.
- Household growth within 3 miles indicates a larger tenant base over the next five years.
- Ownership costs vs. incomes favor sustained multifamily demand.
- Practical value-add scope in common areas and unit finishes given average vintage stock nearby.
- Risks: elevated rent-to-income and limited nearby specialty amenities require careful lease and expense management.