| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Good |
| Demographics | 19th | Poor |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6141 SW 37th St, Miramar, FL, 33023, US |
| Region / Metro | Miramar |
| Year of Construction | 1974 |
| Units | 30 |
| Transaction Date | 2007-05-22 |
| Transaction Price | $3,000,000 |
| Buyer | 6141 RESIDENTIAL LLC |
| Seller | YELLOW LEAF DEVELOPMENT LLC |
6141 SW 37th St, Miramar 30-Unit Multifamily Investment
Neighborhood occupancy is strong and competitive among Fort Lauderdale–area neighborhoods, supporting steady renter demand according to WDSuite’s CRE market data. This location’s renter-occupied share is elevated for the metro, indicating a deep tenant base rather than property-specific performance.
Situated in Miramar’s inner-suburban context within the Fort Lauderdale–Pompano Beach–Sunrise metro, the neighborhood shows healthy renter fundamentals. Neighborhood occupancy is in the top quartile nationally and competitive among the metro’s 345 neighborhoods, a backdrop that tends to support leasing stability and limited downtime between turns. The local renter-occupied share of housing units is high for the metro, pointing to a durable pool of tenants for multifamily properties.
Everyday amenities are accessible: grocery and pharmacy coverage are well represented relative to national benchmarks, while restaurants are dense for the area. Parks and cafes are less concentrated nearby, so the amenity mix skews practical over lifestyle. For investors, that combination aligns with workforce demand profiles and consistent necessity-driven foot traffic.
Within a 3-mile radius, population and household counts have grown in recent years, with households expanding faster than population—an indicator of smaller household sizes and a broadening renter pool. Median incomes have trended upward, and neighborhood rents have risen over the past five years, reinforcing pricing power while keeping rent-to-income ratios near levels that help support retention and renewal strategies.
Ownership costs are elevated relative to incomes compared with many U.S. neighborhoods, which often sustains reliance on rental housing. For multifamily investors, that context can deepen demand for well-managed units and support occupancy, especially for properties offering practical layouts and family-suitable unit sizes.
Safety indicators in this neighborhood compare below the metro median, and national comparisons place it below the midpoint of U.S. neighborhoods. That said, recent trends are mixed: property offenses have declined year over year, while violent offense estimates increased over the same period. Investors typically calibrate operating practices and on-site measures accordingly and price risk in context with broader Fort Lauderdale–area submarkets.
At the metro level, the neighborhood ranks 202 out of 345 on crime, indicating more incidents than many peer areas in the region. Nationally, property offense metrics sit below the midpoint, and the one-year decline suggests some improvement in non-violent activity; however, violent offense comparisons remain weaker versus national norms. Framing these signals comparatively—rather than block-level—helps set expectations for security planning and resident experience.
The area is supported by a diverse set of nearby corporate offices that broaden the commuter tenant base and can aid retention: Johnson & Johnson, AutoNation, Mosaic, Ryder System, and World Fuel Services.
- Johnson & Johnson — corporate offices (7.4 miles)
- AutoNation — corporate offices (10.7 miles) — HQ
- Mosaic — corporate offices (12.6 miles)
- Ryder System — corporate offices (13.2 miles) — HQ
- World Fuel Services — corporate offices (14.6 miles) — HQ
This 30-unit Miramar asset benefits from a neighborhood with competitive occupancy within the Fort Lauderdale metro and a high renter-occupied share, supporting a deeper tenant pool and steadier leasing. Within a 3-mile radius, population and households have expanded, and incomes have risen—signals that typically underpin stable absorption and help support renewal rates. Elevated ownership costs relative to incomes in the area further sustain reliance on rental housing, bolstering demand for well-managed units. These dynamics, based on CRE market data from WDSuite, position the submarket for durable renter demand rather than outsized volatility.
Amenity coverage skews toward essentials (grocery, pharmacy, restaurants) rather than parks and cafes, aligning with workforce housing patterns. That mix, together with neighborhood-level occupancy strength, suggests the potential for consistent cash flow if operations, maintenance, and leasing are executed with discipline. Investors should underwrite with attention to safety planning and evolving market affordability to maintain retention and pricing power over time.
- Competitive neighborhood occupancy supports leasing stability
- High renter-occupied share indicates depth of tenant demand
- 3-mile household and income growth reinforce a growing renter pool
- Essential amenity coverage (grocery/pharmacy/restaurants) supports day-to-day convenience
- Risk: safety metrics below metro median warrant proactive on-site measures