| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Good |
| Demographics | 15th | Poor |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5850 NW 17th Pl, Sunrise, FL, 33313, US |
| Region / Metro | Sunrise |
| Year of Construction | 1972 |
| Units | 42 |
| Transaction Date | 2007-08-31 |
| Transaction Price | $67,500 |
| Buyer | QUINTAL ANTERIO |
| Seller | SAVINO MARIO O |
5850 NW 17th Pl Sunrise Multifamily Investment
Stabilizing renter demand and neighborhood occupancy near the mid‑90s, according to WDSuite’s CRE market data, position this 42‑unit asset for steady operations with value‑add upside.
Situated in Sunrise within the Fort Lauderdale–Pompano Beach–Sunrise metro, the neighborhood shows multifamily fundamentals that support durable leasing. The neighborhood occupancy rate is 94.7% with a five‑year uptick, per WDSuite, indicating resilient absorption and a base for pricing discipline. Renter-occupied housing accounts for 58% of units in the neighborhood, signaling a deep tenant pool for workforce-oriented product.
Amenity access is a relative strength: cafes and parks land in the top quartile nationally, and grocery density is also above national averages, while pharmacy access is limited. These patterns typically aid day‑to‑day livability and retention despite the pharmacy gap. Median home values sit in a high‑cost ownership context relative to local incomes (high national percentile for value-to-income), which tends to sustain reliance on multifamily rentals and supports occupancy stability.
Within a 3‑mile radius, population has grown and WDSuite data indicates additional household gains ahead through 2028; households are rising faster than population, pointing to smaller average household sizes and a larger renter base over time. This shift generally supports consistent demand for mid‑sized floor plans like the property’s larger‑than‑typical units.
The property’s 1972 vintage is slightly older than the neighborhood’s average construction year, suggesting pragmatic capital planning and targeted renovations could enhance competitiveness versus nearby stock while capturing value‑add returns based on commercial real estate analysis from WDSuite.
Safety signals are mixed and should be considered in underwriting. Compared with neighborhoods nationwide, overall conditions sit modestly above average safety levels (around the 60th percentile), while within the Fort Lauderdale–Pompano Beach–Sunrise metro the neighborhood ranks on the higher-crime side (ranked 83 among 345 metro neighborhoods). Recent trends are nuanced: violent offenses have declined year over year (strong improvement relative to national peers), whereas property offenses show a recent uptick. Investors may want to budget for lighting, access control, and community engagement measures that align with operating plans.
The area draws from a diversified employment base that supports renter demand through commute convenience to nearby corporate nodes, including automotive retail, healthcare administration, consumer goods, office supplies, and logistics.
- AutoNation — automotive retail HQ (5.6 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (11.2 miles)
- Johnson & Johnson — consumer health & pharma offices (17.3 miles)
- Office Depot — office supplies HQ (18.9 miles) — HQ
- Ryder System — logistics & transportation HQ (21.6 miles) — HQ
5850 NW 17th Pl combines a 42‑unit scale with larger average unit sizes, aligning with family and roommate demand profiles common in this part of Broward County. Neighborhood occupancy is 94.7% and renter-occupied housing comprises 58% of units, underscoring depth of tenant demand. Elevated ownership costs relative to incomes in the area reinforce reliance on rentals, supporting lease retention even as rent-to-income levels warrant careful management.
The 1972 vintage points to clear value‑add potential through selective renovations and systems upgrades to sharpen competitive positioning against nearby stock. According to CRE market data from WDSuite, household growth within a 3‑mile radius is outpacing population growth and is projected to continue, expanding the renter pool and supporting occupancy stability. Balanced against these positives, recent property‑crime upticks and high rent‑to‑income ratios argue for conservative underwriting and active asset management.
- Neighborhood occupancy of 94.7% supports stable leasing and pricing discipline
- 58% renter-occupied share indicates a deep tenant base for multifamily
- 1972 vintage offers value‑add upside via targeted renovations and modernization
- High ownership costs relative to income sustain rental demand and retention
- Risks: elevated rent‑to‑income and recent property‑crime uptick call for conservative operations