| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 19th | Poor |
| Demographics | 21st | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 127 NW Greenville Pointe Trl, Greenville, FL, 32331, US |
| Region / Metro | Greenville |
| Year of Construction | 1992 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
127 NW Greenville Pointe Trl, Greenville FL Multifamily Investment
Rural workforce housing with a 1992 vintage offers relative competitiveness versus older local stock, while neighborhood occupancy trends should be underwritten conservatively according to WDSuite’s CRE market data.
Located in a rural pocket of Madison County, the neighborhood provides a quiet setting with very limited retail and daily-needs amenities nearby. Investors should assume car-dependent living and longer trip lengths for groceries, pharmacies, and services, which can influence resident satisfaction and leasing dynamics.
The share of housing units that are renter-occupied is modest (about one in six), indicating a thin multifamily base. For owners, this points to a smaller but potentially stable tenant pool focused on necessity-driven housing; marketing and asset positioning should be targeted to local demand rather than broad lifestyle-driven renters.
Neighborhood occupancy is measured for the neighborhood, not the property, and trends below many national benchmarks; underwriting should account for slower lease-up and the need for steady resident retention efforts. Rent-to-income in the area is comparatively favorable, which can support retention, but it also implies limited near-term pricing power without measurable value creation.
Construction in the area skews older (late-1970s average), and this asset’s 1992 vintage is newer than much of the surrounding stock. That positioning can help on unit finishes and building systems relative to older comparables, though investors should still plan for selective modernization as systems age.
Home values in the local context are low by national standards, which can create some competition from ownership alternatives. For multifamily, that typically favors properties that deliver reliable operations, predictable costs, and convenience to employment nodes to sustain tenant loyalty and occupancy.
Comparable safety benchmarks for this neighborhood are not available in WDSuite’s dataset. Rural markets can have sparse or lagged reporting, so investors should reference county-level trends and consult local law enforcement or third-party data for a fuller view before finalizing underwriting assumptions.
Regional employment is led by manufacturing and industrial operations within commuting range, which can support workforce renter demand and steady renewals for properties positioned to serve shift-based workers. The following nearby employer illustrates the regional base.
- Packaging Corporation of America — paper and packaging (31.1 miles)
This 32-unit property’s 1992 vintage positions it as newer than much of the surrounding housing stock, offering relative competitiveness in a rural location where renter-occupied housing is a smaller share of the market. Neighborhood occupancy is measured for the neighborhood, not the property, and sits below many national benchmarks; retention-oriented operations and targeted value creation should be central to the plan. According to commercial real estate analysis from WDSuite, rent-to-income levels are comparatively favorable locally, supporting payment consistency but suggesting careful expectations for rent growth without upgrades or service differentiation.
Low local home values indicate potential competition from ownership for some households, but they also reinforce the appeal of well-run, convenience-focused rentals for workforce tenants commuting to regional employers. With limited nearby amenities, operational focus on reliability, maintenance responsiveness, and resident services can help sustain occupancy and reduce turnover.
- 1992 vintage offers relative competitiveness versus older neighborhood housing stock
- Favorable rent-to-income profile supports collections and retention with disciplined pricing
- Workforce renter demand supported by commutable regional employers
- Risk: thin multifamily base and below-benchmark neighborhood occupancy require conservative underwriting
- Risk: low ownership costs may compete with rentals without tangible value-add or service differentiation