| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 27th | Poor |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6954 SW 5th St, Margate, FL, 33068, US |
| Region / Metro | Margate |
| Year of Construction | 1974 |
| Units | 114 |
| Transaction Date | 2016-05-26 |
| Transaction Price | $12,400,000 |
| Buyer | Victoria One Waterford Villas LP |
| Seller | --- |
6954 SW 5th St Margate Multifamily Investment Opportunity
Neighborhood occupancy has held in the mid-90s, supporting income stability at the submarket level according to WDSuite’s CRE market data. With steady renter demand in Margate and broader Broward County fundamentals, this asset offers durable cash flow potential with disciplined operations.
Situated in Margate within the Fort Lauderdale–Pompano Beach–Sunrise metro, the property benefits from neighborhood occupancy around 95.6% (neighborhood metric, not property-specific), which is above many U.S. areas and signals resilient leasing conditions, based on CRE market data from WDSuite. The neighborhood ranks 97 out of 345 metro neighborhoods for occupancy, placing it above the metro median and supporting revenue consistency.
Daily needs are well served: grocery access is comparatively strong (rank 92 of 345; high national percentile), and dining density is solid (rank 143 of 345), while cafes and parks are limited locally. For renters, this mix suggests convenience for essentials and dining, with some trade-off on recreational amenities within the immediate area.
Within a 3-mile radius, demographics indicate population growth over the past five years alongside a notable increase in households, pointing to a larger tenant base and supportive leasing backdrops. Renter-occupied housing comprises roughly one-third of units in this radius, indicating a meaningful, though not dominant, renter concentration that can underpin stable multifamily demand.
Neighborhood home values are elevated relative to many markets, and rent-to-income levels are moderate by national standards. This combination can sustain renter reliance on multifamily housing and aid lease retention, while still requiring thoughtful pricing and renewal management to balance affordability and minimize turnover.
Safety indicators for the neighborhood are broadly around national midpoints, according to WDSuite. Property offenses benchmark better than many U.S. neighborhoods (higher national percentile), while violent offense levels track near national averages. Recent trends show property offenses easing year over year and violent offenses increasing, underscoring the importance of standard security measures and active property management.
Compared with other neighborhoods in the Fort Lauderdale–Pompano Beach–Sunrise metro (345 neighborhoods total), the area sits near the metro middle on overall crime. Investors should underwrite to typical operating practices for the region and monitor local trendlines rather than relying on block-level assumptions.
The surrounding employment base mixes healthcare, automotive retail, and corporate services, supporting commuter demand and lease retention for workforce-oriented apartments. Notable nearby employers include Tenet Healthcare, AutoNation, Office Depot, Johnson & Johnson, and Ryder System.
- Tenet Healthcare Corporation, Florida Region — healthcare services (6.6 miles)
- AutoNation — automotive retail & corporate (8.6 miles) — HQ
- Office Depot — office supplies corporate (13.8 miles) — HQ
- Johnson & Johnson — healthcare & consumer products offices (22.6 miles)
- Ryder System — logistics & transportation corporate (26.6 miles) — HQ
Built in 1974, this 114-unit asset skews slightly older than the neighborhood average vintage, which points to potential value-add and capital planning opportunities around interiors, common areas, or building systems. Neighborhood occupancy trends in the mid-90s and a growing 3-mile renter pool support steady leasing, while elevated ownership costs locally help reinforce demand for rental housing. According to commercial real estate analysis from WDSuite, the neighborhood’s rent-to-income profile sits near nationally manageable levels, which can aid retention when paired with disciplined renewals.
Amenity access favors groceries and dining, with fewer parks and cafes nearby—an underwriting consideration for tenant experience investments. Forward-looking household growth within 3 miles suggests continued renter pool expansion, though operators should balance pricing power with affordability pressure to sustain occupancy and manage turnover risk.
- Established 1974 vintage with value-add and systems-upgrade potential
- Neighborhood occupancy around mid-90s supports revenue consistency (neighborhood, not property)
- Growing 3-mile household base and meaningful renter concentration underpin demand
- Elevated local ownership costs reinforce renter reliance on multifamily housing
- Risks: mixed safety trendlines, limited nearby parks/cafes, and affordability/renewal management