| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 44th | Fair |
| Amenities | 34th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 220 E Collins St, Umatilla, FL, 32784, US |
| Region / Metro | Umatilla |
| Year of Construction | 1989 |
| Units | 46 |
| Transaction Date | 2016-09-15 |
| Transaction Price | $1,723,400 |
| Buyer | HALLMARK ORANGEWOOD VILLAS LLC |
| Seller | ORANGEWOOD VILLAS LTD |
220 E Collins St Umatilla Multifamily Investment
Neighborhood occupancy is strong relative to the metro, suggesting stable leasing conditions at the area level according to WDSuite’s CRE market data, though the renter pool is smaller than in core Orlando submarkets. These signals reflect neighborhood metrics rather than the specific property.
Umatilla sits within the Orlando–Kissimmee–Sanford metro yet retains a rural profile, which shapes demand toward workforce and long-term renters seeking quieter communities. The neighborhood’s occupancy stands in the Top quartile nationally and is Competitive among Orlando–Kissimmee–Sanford neighborhoods (ranked 33 out of 465), pointing to broad stability at the area level rather than asset-specific performance.
Renter-occupied share in the neighborhood is modest, implying a smaller renter base and potentially slower lease-up compared with more urban submarkets. Within a 3‑mile radius, households have inched up while population has contracted, indicating smaller household sizes and a shifting renter mix. For investors, this suggests demand tilted toward smaller units and value-oriented product, with attention to retention and targeted marketing.
Local amenities are mixed: grocery and park access track near the national middle, while cafes and pharmacies are limited, consistent with the rural character. Average school ratings trend below the national median, which may temper demand from some family renters and reinforces positioning toward singles, couples, and downsizing households. Median home values sit in a mid-market range; in practice this can create some competition from ownership options, so pricing strategies should emphasize convenience and flexible leasing rather than pure cost advantages.
For multifamily property research, the area’s very low rent-to-income ratio points to manageable affordability pressure, which supports lease stability but may moderate near-term rent growth expectations. These interpretations are grounded in CRE market data from WDSuite and reflect neighborhood conditions, not the property’s own financials.
Comparable, metro-level crime benchmarks are not available for this neighborhood in WDSuite’s dataset. Investors typically evaluate safety through multi-source review, including local law enforcement updates and recent trend reports, to understand how conditions compare with nearby Orlando–Kissimmee–Sanford communities. As with most rural locations, on-the-ground diligence is recommended to assess block-by-block dynamics around the asset.
- Waste Management — environmental services (15.8 miles)
- Symantec — software & cybersecurity (21.5 miles)
- Prudential — financial services (33.8 miles)
- Ryder — logistics & transportation (36.1 miles)
- Darden Restaurants — restaurant group corporate offices (38.4 miles) — HQ
Built in 1989, the property is newer than much of the surrounding housing stock, offering a relative edge versus older inventory while still presenting clear value‑add potential through interior updates and systems modernization. Neighborhood occupancy trends are strong and above metro norms, according to CRE market data from WDSuite, which supports area-level leasing stability; however, the renter base is thinner than in core Orlando submarkets, so demand capture depends on matching unit mix and pricing to local preferences.
Average floor plans are compact, aligning with the area’s smaller-household trend within a 3‑mile radius and lending themselves to efficient renovations and targeted amenities. Ownership remains a credible alternative in this submarket, so pricing power may be steadier than outsized; execution should focus on retention, consistent operations, and cost-effective upgrades rather than aggressive rent lifts.
- Strong neighborhood occupancy supports stability at the area level.
- 1989 vintage offers competitive positioning versus older stock with value‑add upside.
- Smaller-household dynamics within 3 miles align with compact unit layouts.
- Balanced ownership costs suggest measured pricing power—focus on retention and operations.
- Risk: Smaller renter pool and limited nearby amenities may slow lease-up without targeted marketing.