| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 31st | Poor |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2726 Kurt St, Eustis, FL, 32726, US |
| Region / Metro | Eustis |
| Year of Construction | 1980 |
| Units | 60 |
| Transaction Date | 2022-10-27 |
| Transaction Price | $2,200,000 |
| Buyer | AUSTIN COMMONS LP |
| Seller | EUSTIS APARTMENTS LTD |
2726 Kurt St, Eustis FL Multifamily Investment
Positioned for durable renter demand with a high neighborhood renter-occupied share and steady occupancy, according to WDSuite’s commercial real estate analysis. Metrics cited reflect neighborhood conditions rather than property performance.
Eustis’ Inner Suburb setting offers daily-life convenience that supports leasing. Neighborhood amenity access is competitive, with grocery, pharmacy, restaurant, and park density landing in high national percentiles, and overall amenities ranking in the top quartile among 465 Orlando-Kissimmee-Sanford neighborhoods. This tends to reduce resident friction and enhances retention for workforce-oriented assets.
Multifamily fundamentals at the neighborhood level point to demand depth. Renter-occupied housing accounts for a sizable share of units (59.3%), indicating a large tenant base, and neighborhood occupancy has trended upward over the past five years, supporting stability. Median contract rents in the immediate neighborhood skew lower than many peer locations, which can aid lease-up velocity while leaving room for strategic repositioning subject to property-specific upgrades.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue expanding through 2028, implying a larger tenant pool ahead. Household sizes are edging smaller, which can sustain demand for 1–2 bedroom formats and support occupancy management. Taken together, these dynamics suggest ongoing renter pool expansion that benefits well-managed assets.
Ownership costs in the area are relatively elevated by national benchmarks, which typically sustains reliance on rentals and can support pricing power where in-place affordability remains reasonable. The neighborhood’s average construction vintage sits in the mid-1980s; a 1980-built property may trail newer stock on finishes and systems, creating value-add potential through targeted capital improvements.
Neighborhood-level public safety metrics are not available in WDSuite’s current dataset for this location. Investors commonly compare city and county trend reports alongside on-the-ground observations to benchmark risk and align underwriting with market norms.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, including operations in waste services, cybersecurity, financial services, logistics, and a major restaurant group headquarters.
- Waste Management — waste services (12.5 miles)
- Symantec — cybersecurity (20.7 miles)
- Prudential — financial services (28.2 miles)
- Ryder — logistics (30.7 miles)
- Darden Restaurants — restaurant group (32.6 miles) — HQ
2726 Kurt St offers a 60-unit footprint with neighborhood fundamentals that favor stable occupancy and a broad renter base. Based on CRE market data from WDSuite, the surrounding neighborhood shows a high share of renter-occupied units and an improving occupancy trend, while nearby amenities score well nationally—factors that can reinforce leasing and retention. Built in 1980, the asset is slightly older than the local average vintage, suggesting clear value-add and capital planning angles to enhance competitiveness versus newer stock.
Within 3 miles, population and household growth—along with forecasts for continued expansion—point to a larger tenant base over the medium term. Homeownership remains a high-cost path relative to incomes by national standards, which typically sustains rental demand; meanwhile, lower neighborhood-level median rents provide room for renovations and rent optimization where supported by unit quality and affordability management.
- Large renter-occupied base and upward neighborhood occupancy trend support leasing stability.
- 1980 vintage provides value-add potential through targeted renovations and systems upgrades.
- Strong amenity access (groceries, pharmacies, dining, parks) underpins resident convenience and retention.
- 3-mile demographic growth signals a widening tenant pool and supports occupancy management.
- Risks: older building systems and mixed income signals across sub-areas require disciplined capex and affordability-sensitive pricing.