| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Good |
| Demographics | 15th | Poor |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2221 NW 58th Ave, Lauderhill, FL, 33313, US |
| Region / Metro | Lauderhill |
| Year of Construction | 1974 |
| Units | 44 |
| Transaction Date | 2014-01-15 |
| Transaction Price | $3,230,000 |
| Buyer | SOROSH I LLC |
| Seller | INFINITY PARADISE APARTMENTS LLC |
2221 NW 58th Ave Lauderhill Multifamily Investment
Neighborhood occupancy is competitive within the Fort Lauderdale–Pompano Beach–Sunrise metro and supported by a renter-occupied share in the top quartile locally, according to WDSuite’s CRE market data.
Positioned in Lauderhill’s Urban Core, the property benefits from neighborhood fundamentals that favor stable renter demand. Neighborhood occupancy is strong relative to peers (competitive among 345 Fort Lauderdale–area neighborhoods), and the local renter concentration is high, indicating depth in the tenant base for a 44-unit asset.
Daily convenience is a relative strength: neighborhood amenity access sits above the national median, with cafes, groceries, and parks scoring in the upper national percentiles. One notable gap is limited pharmacy presence in the immediate area, which may shift some errands to adjacent neighborhoods.
Rents in the neighborhood trend above national medians and have shown meaningful growth over the last five years, while the metro’s home values reflect a high-cost ownership market. Together, these conditions typically reinforce reliance on rental housing and can support pricing power and lease-up velocity, though investors should manage renewal strategies to balance rent growth with retention.
Demographics aggregated within a 3-mile radius point to a growing resident base and expanding households, with forecasts indicating further population and household gains. A gradual decrease in average household size suggests more, smaller households entering the market—supportive of a larger renter pool and sustained demand for multifamily units based on CRE market data from WDSuite.
The property’s 1974 vintage is slightly older than the neighborhood average. That age profile often presents value-add potential through interior updates and system modernization, which can improve competitive positioning against newer stock while requiring thoughtful capital planning.
Neighborhood safety indicators are above the national median overall, according to WDSuite’s CRE data benchmarks. Within the Fort Lauderdale–Pompano Beach–Sunrise metro (345 neighborhoods), the area compares favorably to many peers. Nationally, overall crime levels sit in the upper half for safety, and violent incidents track near the national middle with signs of improvement recently.
Property-related offenses are generally favorable in national comparison (stronger safety percentile), though recent year-over-year data show an uptick that investors should monitor. We recommend standard risk management—lighting, access control, and resident engagement—and tracking trendlines rather than relying on a single year’s reading.
- AutoNation — automotive retail HQ (5.7 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (10.8 miles)
- Johnson & Johnson — healthcare & consumer products offices (17.8 miles)
- Office Depot — office supplies HQ (18.4 miles) — HQ
- Ryder System — logistics & transportation HQ (22.0 miles) — HQ
The local employment base blends corporate headquarters and regional offices, supporting workforce housing demand and commute convenience for residents. Key nearby employers include AutoNation, Tenet Healthcare, Johnson & Johnson, Office Depot, and Ryder System.
This 44-unit, 1974-vintage asset in Lauderhill sits in a neighborhood with competitive occupancy versus the Fort Lauderdale metro and a renter-occupied share in the top quartile locally. Household and population growth within a 3-mile radius point to a larger tenant base ahead, supporting leasing stability. Elevated ownership costs relative to income in the area tend to sustain rental demand, while the asset’s older vintage offers value-add potential through targeted renovations and building system upgrades.
According to CRE market data from WDSuite, neighborhood rents outperform national medians and have grown meaningfully over the past five years, reinforcing the case for durable demand. At the same time, high rent-to-income ratios in the neighborhood call for disciplined renewal strategies to balance pricing power with retention, and recent variability in property-crime trendlines warrants ongoing monitoring.
- Competitive neighborhood occupancy and strong renter concentration underpin demand
- 3-mile growth in population and households expands the renter pool
- 1974 vintage presents value-add and systems modernization potential
- Above-national rent levels support revenue, balanced by retention-focused lease management
- Risk: monitor affordability pressure and property-crime trend volatility