| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 31st | Poor |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2400 Kurt St, Eustis, FL, 32726, US |
| Region / Metro | Eustis |
| Year of Construction | 1989 |
| Units | 46 |
| Transaction Date | 2023-05-16 |
| Transaction Price | $3,700,000 |
| Buyer | FRANKLIN SENIOR HOUSING LIMITED PARTNERSHIP |
| Seller | NATIONAL CHURCH RESIDENCES OF LAKE COUNT |
2400 Kurt St Eustis FL Multifamily Investment
Neighborhood renter concentration and amenity access indicate durable demand and steady leasing conditions, according to WDSuite s CRE market data. Positioning caters to workforce renters seeking convenience within an inner-suburb setting.
Eustis s inner-suburb location offers practical livability drivers that matter for leasing: strong access to day-to-day services (grocers, pharmacies, and restaurants score well above national medians) and parks that benchmark above average nationally. Caf e9 density is limited, but the broader amenity mix supports routine needs and helps sustain renter interest.
At the neighborhood level, an estimated 59.3% of housing units are renter-occupied (ranked 45 out of 465 metro neighborhoods), signaling a deep tenant base by Orlando-Kissimmee-Sanford standards. Neighborhood occupancy is around the metro median and has improved over the last five years, a pattern that typically supports income stability through cycles.
Demographics within a 3-mile radius point to a growing renter pool: population and households have expanded over the past five years, with forecasts showing additional growth and slightly smaller average household sizes. This trend usually broadens the pool of prospective renters and can support occupancy stability for efficiently sized units.
Ownership costs in the immediate neighborhood benchmark as a high-cost ownership market relative to local incomes (value-to-income ratio ranks in a high national percentile), which tends to reinforce reliance on rental housing and can aid lease retention. Average school ratings in the area score at the lower end of national comparisons; investors should account for this in underwriting for family-oriented demand but note that workforce segments often prioritize commute and service access.
Vintage context: the average construction year in the neighborhood is 1984. With a 1989 build, the property is somewhat newer than the local average, which can be competitively positioned against older stock, while still warranting selective modernization of systems and interiors for rent positioning.
Comparable neighborhood-level safety benchmarking is not available from WDSuite for this location. Investors typically evaluate safety with multiple sources including law enforcement publications, city reports, and property-level incident trends to understand trajectory versus the Orlando-Kissimmee-Sanford metro. Standard due diligence (lighting, access control, and visibility to nearby activity generators) remains advisable.
Proximity to regional employers supports workforce housing demand and commute convenience for residents, including roles in waste services, technology, financial services, logistics, and restaurant corporate operations.
- Waste Management waste services (12.5 miles)
- Symantec technology (20.7 miles)
- Prudential financial services (28.4 miles)
- Ryder logistics (30.9 miles)
- Darden Restaurants restaurant corporate operations (32.8 miles) HQ
This 46-unit, 1989-vintage asset in Eustis participates in a renter-heavy neighborhood with improving occupancy and strong access to daily amenities. The property skews toward smaller average unit sizes, which can align with cost-conscious renters and support lease-up and retention when paired with competitive finishes and efficient layouts. Based on commercial real estate analysis and CRE market data from WDSuite, neighborhood occupancy trends sit near the metro median while renter concentration and 3-mile household growth expand the tenant base.
Relative to the neighborhood s older housing stock, 1989 construction offers a competitive stance versus 1970s 80s product, while still benefiting from targeted upgrades to elevate rents. A nearby mix of employers provides commute convenience for workforce tenants, and a high-cost ownership backdrop locally tends to sustain multifamily demand through cycles. Key underwriting considerations include modest local school ratings, limited caf e9 density, and capital planning for building systems typical of late-1980s construction.
- Renter-heavy neighborhood and growing 3-mile households support a deeper tenant base
- 1989 vintage is newer than area average, with value-add potential from selective upgrades
- Strong access to everyday services (grocers, pharmacies, restaurants) underpins livability and retention
- Regional employers within commuting range reinforce workforce demand
- Risks: lower school ratings, limited caf e9 density, and typical late-1980s system refresh needs