| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 39th | Fair |
| Amenities | 50th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 307 Cresthaven Ct, Spring Hill, FL, 34608, US |
| Region / Metro | Spring Hill |
| Year of Construction | 2007 |
| Units | 88 |
| Transaction Date | 2005-04-01 |
| Transaction Price | $1,110,000 |
| Buyer | SHA ASSOCIATES II LTD |
| Seller | SEVEN HILLS INC |
307 Cresthaven Ct Spring Hill Multifamily Investment
Stabilized suburban fundamentals and a 2007 vintage position this 88-unit asset for steady operations, according to WDSuite’s CRE market data. Expect renter demand supported by household growth and a broadening tenant base in the surrounding area.
The property sits in a Suburban neighborhood of Spring Hill (Tampa–St. Petersburg–Clearwater metro) with a B rating and an overall standing above the metro median (ranked 338 among 710 neighborhoods), based on CRE market data from WDSuite. Neighborhood occupancy is competitive among metro peers (rank 239 of 710) and has trended higher over the past five years, supporting leasing stability at comparable properties rather than outsized volatility.
Everyday amenities are serviceable: restaurants are comparatively well represented for the metro (rank 278 of 710), grocery access trends near the middle of the pack, and pharmacies are a relative strength (rank 132 of 710). Parks and cafes are limited locally, which reinforces the area’s suburban character and suggests resident activity is oriented toward nearby corridors rather than dense, walkable nodes.
The neighborhood’s renter-occupied share is measured at roughly one-quarter of housing units, indicating a primarily owner-occupied area. For investors, that mix points to a defined but stable multifamily renter pool and typically steadier tenant profiles, with demand driven by proximity needs and value relative to ownership rather than transient turnover.
Within a 3-mile radius, demographic statistics indicate modest population growth in recent years and an increase in households, with forecasts calling for further population and household expansion by 2028. This trajectory points to a larger tenant base and supports occupancy durability as more renters enter the market. Median contract rents in the neighborhood have risen materially over five years from earlier levels, while rent-to-income ratios sit near levels that generally support retention and manageable lease management considerations.
The average neighborhood construction year trends in the early 2000s, and this asset’s 2007 vintage is slightly newer than that baseline, offering relative competitiveness against older stock. That positioning often reduces near-term capital intensity versus 1990s assets, while still allowing targeted upgrades to drive rent trade-outs and operating efficiency.
Neighborhood-level crime metrics were not available in WDSuite for this area, so investors should underwrite safety using property-level controls, management practices, and broader metro context. Comparative reviews against similar suburban submarkets in the Tampa–St. Petersburg–Clearwater region, along with recent trend data where available, can help frame risk and insurance assumptions without overreliance on block-level readings.
Regional employers within commuting range support a diversified renter base tied to insurance, healthcare, technology distribution, and advanced manufacturing — a mix that can aid tenant retention and leasing consistency for workforce housing. The list below highlights nearby corporate nodes most relevant to commute convenience from Spring Hill.
- MetLife Insurance Company — insurance (23.7 miles)
- Wellcare Health Plans — healthcare services (27.9 miles) — HQ
- Tech Data — IT distribution (37.2 miles) — HQ
- Raymond James Financial — financial services (38.7 miles) — HQ
- Jabil Circuit — electronics manufacturing (39.8 miles) — HQ
This 88-unit, 2007-built asset in Spring Hill benefits from competitive neighborhood occupancy and a renter base supported by household growth within a 3-mile radius. According to CRE market data from WDSuite, the surrounding neighborhood ranks competitively for occupancy among metro peers and shows steady rent progression, while rent-to-income levels suggest manageable affordability pressure — factors that support retention and stable cash flow potential.
The property’s slightly newer-than-local-average vintage provides an operational edge versus older 1990s stock, with scope for targeted value-add in interiors and common areas as systems age into mid-life. A primarily owner-occupied surrounding area implies a defined renter pool; pairing thoughtful renovations with disciplined leasing should capture demand from residents seeking professionally managed multifamily options relative to ownership.
- Competitive neighborhood occupancy and steady rent trends support leasing stability
- 2007 vintage offers relative competitiveness with targeted value-add potential
- Household and population growth within 3 miles expands the renter pool over time
- Diversified regional employers bolster workforce demand and retention
- Risks: suburban amenity gaps and a smaller renter share require focused leasing and asset management