| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Good |
| Demographics | 19th | Poor |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6050 SW 27th St, Miramar, FL, 33023, US |
| Region / Metro | Miramar |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | 2001-04-30 |
| Transaction Price | $530,000 |
| Buyer | AVAILABLE NOT |
| Seller | AVAILABLE NOT |
6050 SW 27th St, Miramar — Multifamily Investment
Neighborhood occupancy is competitive within the Fort Lauderdale metro and renter demand is supported by a high renter-occupied share in the immediate area, according to WDSuite s CRE market data.
Miramar s inner-suburb setting offers everyday convenience that matters to renters: neighborhood data show strong access to groceries and pharmacies (both above national norms) and a dense restaurant base, while parks and cafes are limited. For investors, this mix tends to support day-to-day livability and retention even without destination amenities.
At the neighborhood level, occupancy trends are solid relative to the metro, and the share of housing units that are renter-occupied sits in the top quartile among 345 Fort Lauderdale-Pompano Beach-Sunrise neighborhoods a positive signal for multifamily demand depth. Median contract rents benchmark above many U.S. neighborhoods while the rent-to-income profile remains manageable, helping sustain leasing velocity.
Within a 3-mile radius, population has grown and households have expanded faster than population, indicating smaller average household sizes and a larger tenant base. Forward-looking projections call for additional household growth alongside further right-sizing of household sizes, which typically supports occupancy stability and ongoing demand for rental units.
Home values are elevated for the area versus incomes on a national basis, reinforcing renter reliance on multifamily housing. For owners, this dynamic can support pricing power and lease retention while still requiring attentive lease management to balance affordability and turnover risk.
Safety indicators for the neighborhood are mixed. Overall crime performance is below the national average (around the lower half nationally), and the area ranks 202 out of 345 Fort Lauderdale-Pompano Beach-Sunrise neighborhoods, indicating higher crime than many parts of the metro. That said, recent data show property offenses trending down year over year, an improving signal investors should monitor alongside on-the-ground management practices.
Nationally benchmarked, the neighborhood sits below the median for safety but has posted a meaningful decline in estimated property crime over the last year. Prudent operating plans such as lighting, access control, and resident engagement can help mitigate risk relative to peers.
The area draws from a diversified employment base that supports renter demand and commute convenience, anchored by healthcare, automotive retail, logistics, energy, and building industries listed below.
- Johnson & Johnson — healthcare & consumer products offices (7.9 miles)
- AutoNation — automotive retail (10.1 miles) — HQ
- Mosaic — agriculture & chemicals offices (13.1 miles)
- Ryder System — logistics & transportation (13.6 miles) — HQ
- World Fuel Services — energy & fuel (15.1 miles) — HQ
This 24-unit property, built in 1977, aligns with a renter-driven neighborhood where occupancy is competitive within the metro and the renter-occupied share is high. Based on CRE market data from WDSuite, the immediate area shows stable neighborhood occupancy and a rent-to-income profile supportive of lease retention, while elevated ownership costs locally tend to keep multifamily demand resilient.
Vintage introduces clear value-add angles: 1970s construction typically benefits from targeted CapEx unit turn modernization, common-area refresh, and systems upgrades to strengthen competitive positioning versus newer stock. Population and household growth within a 3-mile radius expand the tenant base, and proximity to diversified employers supports leasing durability through cycle turns.
- Neighborhood occupancy competitive vs. metro, supporting income stability
- High renter-occupied share indicates deep tenant base for a 24-unit asset
- 1977 vintage offers practical value-add through targeted renovations and system upgrades
- 3-mile household growth and employer diversity support leasing durability
- Risks: below-median safety and limited parks/cafes; active management and amenity strategy recommended