| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 25th | Poor |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 760 Pitt St, Clermont, FL, 34711, US |
| Region / Metro | Clermont |
| Year of Construction | 1983 |
| Units | 34 |
| Transaction Date | 2005-10-27 |
| Transaction Price | $931,100 |
| Buyer | CLERMONT RRH LTD |
| Seller | SUNNY HILL LP |
760 Pitt St Clermont Multifamily with Durable Renters
Neighborhood-level occupancy and renter concentration suggest steady leasing fundamentals, according to WDSuite s CRE market data. Positioning near everyday amenities supports retention while allowing selective value-add to capture demand.
The property sits in Clermont s inner-suburban fabric with everyday convenience: restaurants and cafes rank competitive among 465 Orlando Kissimmee Sanford neighborhoods, and grocery access is solid. These location basics typically support resident retention and consistent traffic for workforce-oriented assets.
Neighborhood occupancy is around the metro middle (above the median rank among 465 neighborhoods translates to roughly average stability), while the share of renter-occupied housing is competitive among Orlando Kissimmee Sanford neighborhoods (rank 73 of 465). A deeper renter base generally supports marketing efficiency and lease-up predictability for 34 units.
Home values in the area are elevated relative to many U.S. neighborhoods (national percentile ~72), which often sustains reliance on multifamily housing. At the same time, rent-to-income metrics trend on the more manageable side locally (low national percentile), indicating affordability pressure is comparatively lighter a constructive setup for retention and measured pricing power.
Construction patterns skew older nearby (average vintage late 1960s), and this 1983 asset is newer than much of the surrounding stock. That positioning can enhance competitiveness versus legacy product, though investors should still underwrite ongoing system updates and modernization typical for 1980s multifamily.
Within a 3-mile radius, population and households have increased and are projected to expand further over the next five years, pointing to a larger tenant base and continued renter pool expansion. According to CRE market data from WDSuite, these dynamics align with steady neighborhood demand and support for occupancy over a full cycle.
Safety signals trend favorable in broad comparisons: property offense estimates sit in the top percentile nationally (safer than most neighborhoods), and the latest year shows a notable decline in property offenses. Violent offense measures compare well too (high national percentile relative to peers), although recent year-over-year movement indicates some variability that investors should monitor as part of routine risk assessment.
Practical takeaway for underwriting: pair insurance and security line items with current market quotes, and continue tracking neighborhood-level trends over time rather than single-year swings. Rankings are relative to 465 metro neighborhoods; percentiles reflect comparisons against neighborhoods nationwide.
The broader Orlando employment base provides diverse white- and blue-collar demand, supporting renter depth and commute convenience for this submarket. Key nearby employers include financial services, environmental services, logistics, restaurant corporate, and industrial gases offices listed below.
- Prudential financial services (19.2 miles)
- Waste Management environmental services (21.3 miles)
- Ryder logistics (21.5 miles)
- Darden Restaurants restaurant group corporate (21.8 miles) HQ
- Airgas Specialty Products industrial gases (25.5 miles)
760 Pitt St offers a 34-unit footprint positioned in an inner-suburban location with restaurant and grocery density and a renter-occupied share that is competitive among 465 Orlando Kissimmee Sanford neighborhoods. Neighborhood occupancy trends near the metro middle, and elevated local home values relative to national peers help sustain reliance on rental housing a supportive backdrop for consistent leasing. Within a 3-mile radius, recent growth and a projected increase in households point to a larger tenant base, which can support occupancy stability over the hold period.
Built in 1983, the asset is newer than much of the surrounding stock, offering positioning advantages versus older vintage properties while still warranting targeted modernization and capital planning. According to CRE market data from WDSuite, local rent-to-income levels appear comparatively manageable, suggesting scope for measured rent optimization tied to amenity refreshes and unit updates, balanced against resident retention objectives.
- Competitive renter concentration supports tenant base depth and marketing efficiency.
- Inner-suburban location with strong food and daily-needs access aids retention.
- 1983 vintage allows value-add via systems, interiors, and amenities versus older stock.
- Household growth within 3 miles underpins leasing stability and renewal potential.
- Risk: year-over-year safety metrics can fluctuate; budget for insurance/security and monitor trends.