| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Fair |
| Demographics | 29th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 601 SW 37th Ave, Miami, FL, 33135, US |
| Region / Metro | Miami |
| Year of Construction | 2001 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | $300,000 |
| Buyer | MADI ENTERPRISES INC |
| Seller | ROLANDO |
601 SW 37th Ave Miami 30-Unit Multifamily, 2001 Vintage
Renter demand is supported by a high renter-occupied share in the surrounding neighborhood and steady occupancy, according to WDSuite’s CRE market data. Newer construction relative to local stock provides competitive positioning versus older assets nearby.
Located in Miami’s Urban Core, the neighborhood carries a B+ rating and is competitive among 449 metro neighborhoods (ranked 153). The area shows stable renter demand with occupancy measured at the neighborhood level and a high share of renter-occupied units, supporting depth of the tenant base and day-to-day leasing.
Proximity to daily needs is a strength: grocery and pharmacy density sit in high national percentiles, with restaurants and childcare also testing strong. Park access is limited within the immediate neighborhood, and average school ratings trend below national norms—considerations for family-oriented leasing strategies.
Home values are elevated relative to incomes (high national percentile for value-to-income), which tends to sustain reliance on rental housing and can support pricing power for well-positioned units. By contrast, rent-to-income ratios indicate affordability pressure, pointing to careful lease management and renewal strategies to maintain retention.
Within a 3-mile radius, recent data shows households have grown even as population edged lower, signaling smaller household sizes and a broader renter base. Projections point to additional household growth by 2028, which should expand the local tenant pool; these patterns are reflected in neighborhood indicators from WDSuite and align with investor-focused multifamily property research.
Vintage matters here: the average neighborhood construction year is 1975, while this property was built in 2001, positioning it newer than much of the surrounding stock. That supports relative competitiveness versus older buildings, while investors should still plan for systems modernization over a long hold.
Neighborhood safety indicators track below national averages (lower national percentiles). Recent momentum is mixed: estimated property offenses declined year over year, while estimated violent offenses increased. Investors should underwrite to neighborhood-level trends rather than block-specific assumptions and consider standard risk mitigation measures consistent with submarket norms.
Nearby corporate anchors in energy, homebuilding, healthcare, and logistics support renter demand through commute convenience to the Urban Core.
- World Fuel Services — energy services (6.9 miles) — HQ
- Lennar — homebuilding (7.2 miles) — HQ
- Mosaic — corporate offices (8.8 miles)
- Johnson & Johnson — healthcare products offices (9.8 miles)
- Ryder System — logistics & fleet management (10.7 miles) — HQ
This 30-unit asset, built in 2001, is newer than the surrounding neighborhood’s average vintage, offering competitive positioning versus older local stock while leaving room for targeted systems updates over time. A high neighborhood share of renter-occupied housing supports a deeper tenant base, and daily-needs access is strong, which can aid leasing and retention. According to CRE market data from WDSuite, neighborhood occupancy is steady near national norms, reinforcing an underwriting case for stable operations.
Counterbalancing strengths, the area exhibits affordability pressure (elevated rent-to-income ratios), below-average school ratings, limited park access, and mixed safety trends. These factors argue for disciplined lease management, amenities that resonate with urban renters, and measured capex to sustain competitiveness and tenant retention.
- Newer 2001 vintage versus neighborhood average supports competitive positioning and potential value-add via modernization
- High renter-occupied share at the neighborhood level indicates depth of tenant base and supports occupancy stability
- Strong access to daily needs (grocery, pharmacy, restaurants) aligns with urban renter preferences and leasing velocity
- Elevated ownership costs in the area underpin continued reliance on rental housing, aiding pricing power for well-positioned units
- Risks: affordability pressure, below-average school ratings, limited parks, and mixed safety trends warrant conservative underwriting and active asset management