| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 32nd | Poor |
| Demographics | 40th | Fair |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Tronu Dr, Inglis, FL, 34449, US |
| Region / Metro | Inglis |
| Year of Construction | 1990 |
| Units | 32 |
| Transaction Date | 2004-03-22 |
| Transaction Price | $1,090,000 |
| Buyer | INGLIS RRH LTD |
| Seller | UNITED STATES OF AMERICA |
1 Tronu Dr, Inglis, FL Multifamily Investment
Renter demand is supported by steady neighborhood occupancy and manageable rents, according to CRE market data from WDSuite. A 32-unit footprint positions this 1990 vintage asset to capture growing household counts in the immediate area without relying on large-scale lease-up.
Located in a rural pocket of the Gainesville, FL metro, the neighborhood around 1 Tronu Dr carries a C+ rating and sits mid-pack (ranked 69 out of 114 metro neighborhoods). For investors, this suggests stable—but not peak—performance relative to the metro, with fundamentals that can support durable occupancy when asset quality and management are competitive.
Daily needs are present but limited: grocery coverage is competitive among Gainesville neighborhoods (rank 31 of 114), while cafes and pharmacies are sparse. Park access performs in the top quartile among 114 metro neighborhoods (rank 22), adding recreational appeal despite the rural setting. Nationally, overall amenities score below the median, reinforcing the importance of on-site features and convenience-driven operations for tenant retention.
The property’s 1990 construction is newer than the neighborhood’s average vintage (1980). That positioning can be advantageous versus older stock, though investors should expect typical modernization and system upgrades to maintain competitiveness and support rent growth strategies over the hold period.
Renter-occupied housing is a minority share in the neighborhood and within the 3-mile radius, indicating a smaller but targeted renter pool; this typically favors workforce-oriented demand and longer tenancies when pricing remains in line with local incomes. Within a 3-mile radius, demographics indicate population growth over the past five years with forecasts for further increases in both population and households by 2028, pointing to a larger tenant base and support for occupancy stability. Median contract rents and a rent-to-income profile indicate relatively manageable rent burdens locally, which can aid lease retention. At the same time, lower home values in the area signal a more accessible ownership market, which can introduce competition and calls for attentive pricing and renewal strategies.
Neighborhood-level crime benchmarking is not available in the current dataset for this location. Investors should contextualize safety using multiple sources over time (public records, local law enforcement summaries, and property-level incident logs) and compare trends to broader Gainesville, FL metro patterns to gauge relative risk and potential operating implications.
This 32-unit, 1990 vintage asset offers a pragmatic entry point into a rural Gainesville, FL metro submarket where occupancy has been stable and rents remain manageable relative to local incomes. The asset skews newer than the area’s average vintage, providing a competitive edge over older stock while leaving room for targeted capital improvements that can translate into operational upside. According to CRE market data from WDSuite, neighborhood amenities are modest but functional, so on-site features and management execution are likely to be the primary levers for retention.
Within a 3-mile radius, recent population and household growth—and forecasts for continued expansion—indicate a growing renter pool that can support leasing stability. The area’s more accessible ownership market may temper pricing power at the margins, but it also suggests that well-managed, right-priced units can achieve consistent absorption and renewal performance, particularly for workforce households prioritizing value and convenience.
- Stable neighborhood occupancy with manageable rent-to-income dynamics supports retention
- 1990 vintage is newer than local average, with value-add potential via targeted modernization
- 3-mile population and household growth point to a larger tenant base and leasing stability
- Modest amenity environment highlights the importance of on-site features and management execution
- Risk: more accessible ownership options can compete with rentals, requiring attentive pricing and renewal strategy