| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 25th | Poor |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1601 SW 27th Ave, Ocala, FL, 34471, US |
| Region / Metro | Ocala |
| Year of Construction | 1986 |
| Units | 30 |
| Transaction Date | 2005-08-30 |
| Transaction Price | $10,600,000 |
| Buyer | TPAF V LATIGO 27 LLC |
| Seller | ADVENIC AT STONELAKE LLC |
1601 SW 27th Ave Ocala Multifamily Investment
Neighborhood occupancy trends sit in the metro 9s upper tier and renter concentration is substantial, supporting a deeper tenant base, according to WDSuite ds CRE market data.
Located in an Inner Suburb of Ocala, the property benefits from neighborhood fundamentals that are competitive among 113 metro neighborhoods, with occupancy performance in the top quartile locally. For investors, this points to steadier leasing and reduced downtime relative to weaker submarkets.
Daily-needs access is a local strength: grocery, dining, cafes, and childcare densities rank competitively within the metro and index above national averages (national percentiles generally in the 70s–80s), supporting convenience and renter retention. Park and pharmacy options are thinner immediately nearby, so some residents may travel farther for those needs.
Vintage considerations: built in 1986, the asset skews slightly newer than the neighborhood’s average construction year of 1981. This can offer relative competitiveness versus older 1970s stock, while still warranting capital planning for aging systems and select modernization to sustain rents.
Tenure and demand: renter-occupied share is very high at the neighborhood level, indicating a sizable pool of multifamily demand and a broader tenant base. Within a 3-mile radius, population and households have expanded and are projected to grow further, implying a larger renter pool and supporting occupancy stability over the medium term, based on WDSuite ds commercial real estate analysis.
Safety indicators are mixed. Within the Ocala metro, this neighborhood shows relatively higher crime exposure than many peers; however, national positioning trends near the middle of the pack and recent year-over-year declines in both violent and property offenses are notable. The improvement rates rank strongly (top decile nationally for violent offense reduction and solidly above average for property offense reduction), suggesting momentum in the right direction. Investors should underwrite with standard precautions and lean on property-level security, lighting, and resident engagement to support retention.
This 30-unit, 1986-vintage asset sits in a neighborhood with top-quartile occupancy performance among 113 Ocala neighborhoods and a very high share of renter-occupied housing, pointing to durable multifamily demand. Convenience-driven amenities (grocery, dining, cafes, childcare) index above national averages, supporting resident stickiness and day-to-day livability. According to CRE market data from WDSuite, recent demographic trends within a 3-mile radius show growth in population and households with further expansion forecast, reinforcing the depth of the tenant base.
Investment planning should balance these strengths with practical risks. The 1986 vintage benefits from relative competitiveness versus older stock but still warrants targeted CapEx for systems and unit modernization to preserve pricing power. Rent-to-income metrics indicate affordability pressure at the neighborhood level, so thoughtful lease management and value-focused upgrades are important. Safety has improved year over year, yet underwriting should assume typical metro-level exposure and incorporate appropriate operating practices.
- Top-quartile neighborhood occupancy and deep renter base support leasing stability
- Amenity convenience (grocery, dining, cafes, childcare) enhances retention and day-to-day livability
- 1986 vintage offers competitiveness versus older stock with value-add potential via targeted upgrades
- Demographic growth within 3 miles expands the tenant pool and supports occupancy
- Risks: affordability pressure (rent-to-income), relatively higher metro crime exposure, and aging systems require active management