| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 29th | Poor |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7041 Sunset Strip, Sunrise, FL, 33313, US |
| Region / Metro | Sunrise |
| Year of Construction | 1973 |
| Units | 60 |
| Transaction Date | 2004-05-14 |
| Transaction Price | $3,600,000 |
| Buyer | CFRE LA HAINA LLC |
| Seller | JZJ INC |
7041 Sunset Strip Sunrise Multifamily Investment
Neighborhood occupancy has been resilient with strong renter demand, according to WDSuite’s CRE market data, supporting stable operations for well-managed assets. Positioning in Sunrise offers everyday convenience and access to major employment nodes across Broward County.
Located in Sunrise within the Fort Lauderdale–Pompano Beach–Sunrise metro, the neighborhood posts high occupancy and steady renter demand. WDSuite’s CRE market data indicates the area’s occupancy level ranks in the top quartile among 345 metro neighborhoods, a signal of durable leasing and limited downtime for comparable multifamily assets in this pocket of Broward County.
Everyday convenience is a local strength. The neighborhood tests well above national norms for access to cafes, childcare, and groceries, which supports renter retention and leasing velocity. By contrast, formal park and pharmacy access within the immediate neighborhood are limited, so resident appeal often hinges on nearby city amenities and on-site offerings.
Tenure patterns point to a meaningful renter base: roughly two-fifths of housing units are renter-occupied at the neighborhood level, suggesting depth for multifamily leasing while still drawing from surrounding owner-occupied areas. Median contract rents benchmark above national norms, reinforcing the need for diligent lease management but also evidencing willingness to pay for convenience and proximity.
Within a 3-mile radius, demographics show population growth in recent years and a larger increase in households, with projections pointing to additional household gains by 2028. Smaller average household size over time implies more units demanded per capita, which can support occupancy stability. Rising household incomes in the 3-mile area further broaden the prospective tenant pool, while elevated ownership costs in Broward (a high-cost ownership market by national comparison) tend to sustain reliance on multifamily housing.
Vintage for this asset is 1972, slightly older than the neighborhood’s typical stock. For investors, that often translates to capital planning and potential value-add through renovations and system upgrades to remain competitive against newer product.
Safety indicators are mixed and should be monitored in underwriting. Compared with U.S. neighborhoods broadly, several measures in this area test above average, while relative-to-metro rankings suggest certain categories run higher than the Broward median. According to WDSuite’s CRE market data, recent trends show estimated property offenses easing year over year, even as estimated violent offense metrics have moved up, underscoring the importance of active management, lighting, and partnership with local patrol practices.
Investors should focus on property-level controls (access, surveillance, and site design) and consider how nearby arterials and retail corridors influence activity patterns. Neighborhood-level trends are directionally useful, but property operations and physical design often drive the lived experience and risk profile.
Commuter access to Broward and Miami-Dade employers underpins renter demand, with proximity to corporate headquarters and regional offices that draw a broad workforce. The nearby base includes AutoNation, Tenet Healthcare’s Florida region, Johnson & Johnson offices, Office Depot, and Ryder System.
- AutoNation — automotive retail HQ (6.5 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services administration (10.5 miles)
- Johnson & Johnson — healthcare & consumer products offices (17.6 miles)
- Office Depot — office supplies HQ (18.8 miles) — HQ
- Ryder System — logistics & transportation HQ (21.7 miles) — HQ
7041 Sunset Strip offers exposure to a Sunrise neighborhood characterized by high occupancy, strong everyday amenities, and access to multiple corporate employment centers across Broward and Miami-Dade. Based on CRE market data from WDSuite, the surrounding neighborhood sits in the top tier for occupancy among metro peers, supporting leasing stability for well-positioned assets.
The 1972 vintage points to potential value-add via unit and system modernization to enhance competitiveness versus newer stock. Within a 3-mile radius, household growth and a trend toward smaller household sizes expand the renter pool, while a high-cost ownership landscape in Broward tends to sustain multifamily demand. At the same time, elevated rent-to-income levels in the neighborhood highlight affordability pressure, making disciplined lease management and resident retention programs important to the thesis.
- High neighborhood occupancy supports steady leasing and lower downtime
- Strong convenience amenities (cafes, childcare, groceries) aid retention
- 1972 vintage offers value-add potential through targeted renovations
- Regional employers within commuting range broaden tenant demand
- Risks: elevated rent-to-income ratios and mixed safety trends warrant proactive management