| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Good |
| Demographics | 15th | Poor |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2221 NW 58th Ter, Lauderhill, FL, 33313, US |
| Region / Metro | Lauderhill |
| Year of Construction | 1974 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | $1,450,000 |
| Buyer | THROUGH HIS GRACE 3 LLC |
| Seller | JO AL 1 INC |
2221 NW 58th Ter Lauderhill Multifamily Investment
Neighborhood occupancy has held in the mid-90s, supporting stable renter demand according to WDSuite’s CRE market data. Renter concentration is elevated locally, signaling a deep tenant base for sustained leasing.
Positioned in Lauderhill within the Fort Lauderdale–Pompano Beach–Sunrise metro, the neighborhood scores in the top quartile among 345 metro neighborhoods for amenity access, with grocery, parks, and cafés comparatively well represented. Pharmacy options are thinner in the immediate area, which may modestly affect resident convenience.
Multifamily fundamentals are competitive among metro peers: neighborhood occupancy trends rank in the stronger 40% of the metro (124 of 345) and land in the upper third nationally, indicating resilient leasing conditions rather than a lease-up environment. The share of housing units that are renter-occupied is high at the neighborhood level, reinforcing depth of demand for workforce and market-rate units.
Within a 3-mile radius, demographics indicate steady population growth over the last five years and a notable increase in households, with forecasts pointing to additional gains through the next period. This trajectory implies a larger tenant base and supports occupancy stability, even as average household size gradually contracts—often a tailwind for rental demand as more, smaller households enter the market.
Ownership costs benchmark high versus incomes in the neighborhood context (upper national percentiles for value-to-income), which tends to sustain reliance on rental housing and can support pricing power for competitively positioned assets. At the same time, rent-to-income sits on the higher side nationally, suggesting potential affordability pressure that owners should manage through renewal strategy and amenity positioning.
Safety indicators are mixed. Overall crime ranks 83 out of 345 Fort Lauderdale–Pompano Beach–Sunrise neighborhoods, indicating comparatively higher incidents versus many metro peers, while national percentiles place the area modestly above the national middle. Violent offense indicators track near the national midrange, and property offenses trend in a stronger national percentile band, though recent year-over-year shifts show improvement in violent offenses alongside an uptick in property-related incidents.
For investors, this suggests monitoring sub-neighborhood trends and applying standard security and lighting enhancements in common areas, balanced against the area’s broader national positioning that does not fall at the bottom of the distribution.
Commuter access to a diverse employment base underpins renter demand, including automotive retail headquarters, healthcare services, pharmaceuticals/consumer health, office supplies, and logistics—supporting tenant retention and steady leasing.
- AutoNation — automotive retail (5.7 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (10.8 miles)
- Johnson & Johnson — pharmaceuticals & consumer health (17.8 miles)
- Office Depot — office supplies (18.5 miles) — HQ
- Ryder System — logistics (22.0 miles) — HQ
This 44-unit asset benefits from a renter-heavy neighborhood, mid-90s neighborhood occupancy, and amenity access that ranks among the stronger quartile of metro peers. According to CRE market data from WDSuite, local occupancy outperforms the metro median and sits above national midrange, pointing to demand stability rather than a lease-up story.
Within a 3-mile radius, household growth and projected population gains expand the tenant base, while elevated ownership costs relative to incomes support continued reliance on multifamily housing. The primary risk to underwrite is rent-to-income pressure, which calls for thoughtful renewal management, targeted upgrades, and service consistency to sustain retention.
- Renter-heavy neighborhood supports a deep tenant base and leasing durability.
- Competitive occupancy versus metro and above national midrange indicates stable demand.
- Amenity access (groceries, parks, cafés) ranks strong among 345 metro neighborhoods.
- 3-mile household and population growth expand the prospective renter pool.
- Risk: higher rent-to-income ratios require careful pricing and renewal strategy.