| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 22nd | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2350 N Central Ave, Kissimmee, FL, 34741, US |
| Region / Metro | Kissimmee |
| Year of Construction | 1998 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2350 N Central Ave Kissimmee Multifamily Investment
Neighborhood data points to a deep renter pool and everyday convenience, with renter-occupied housing concentrated at the neighborhood level and solid retail access, according to WDSuite’s CRE market data. Investors evaluating Kissimmee’s inner-suburb locations may find stable renter demand supported by amenities and commuting connectivity rather than luxury positioning.
Situated in Kissimmee’s Inner Suburb, the property benefits from neighborhood fundamentals that skew renter-heavy. The share of renter-occupied housing units is high at the neighborhood level (top decile metro ranking), which typically supports a larger tenant base and consistent leasing velocity. Neighborhood occupancy is measured for the area, not the asset; at 86.4% (below national norms), underwriting should emphasize leasing execution and competitive positioning.
Vintage matters for long-term competitiveness. Built in 1998, the asset is newer than the neighborhood’s average 1987 construction year, suggesting relative appeal versus older stock. That said, systems are no longer new; targeted capex and light modernization can help sustain rentability against newer deliveries while preserving operating efficiency.
Livability drivers lean practical: cafés, groceries, and pharmacies are dense relative to peers (nationally strong counts), which helps with day-to-day convenience and can aid resident retention. Park access is limited in this neighborhood, and average school ratings trail metro leaders, so marketing may resonate most with workforce renters prioritizing commute and shopping access. Median home values are lower than national norms but ownership remains high-cost relative to local incomes, a dynamic that can sustain reliance on multifamily rentals and support pricing power when managed thoughtfully.
Demographic statistics aggregated within a 3-mile radius indicate population growth since the prior period and additional expansion projected over the next five years, alongside a sizable increase in households and a modest reduction in average household size. This pattern typically broadens the renter base and supports occupancy stability and lease-up cadence. Based on CRE market data from WDSuite, neighborhood contract rents sit mid-market for the metro, reinforcing the case for workforce-oriented positioning rather than top-of-market premiums.
Safety trends are mixed but improving. The neighborhood ranks 250 out of 465 metro neighborhoods on overall crime, which is below the metro median, and it sits below the national average for safety (national crime percentiles are in the lower third). However, recent year-over-year estimates indicate declines in both violent and property offenses, signaling incremental improvement rather than deterioration.
For investors, this profile suggests prudent onsite security standards and resident screening remain important, while the recent downward trend may help support retention and marketing over time compared with neighborhoods that are not improving.
Nearby employers span corporate services, logistics, and technology, supporting a broad workforce renter base and commute convenience for residents. The list below highlights proximate corporate offices that can underpin leasing demand and retention.
- Darden Restaurants — restaurant corporate (7.0 miles) — HQ
- Ryder — logistics (9.8 miles)
- Prudential — financial services (11.7 miles)
- Airgas Specialty Products — industrial gases (12.8 miles)
- Symantec — cybersecurity (31.9 miles)
This 50-unit asset built in 1998 aligns with a renter-driven neighborhood where the renter-occupied share is high, offering a broad tenant base and steady leasing potential. Neighborhood occupancy is measured for the area and tracks below national levels, so performance should hinge on competitive positioning, everyday convenience, and measured rent setting. According to CRE market data from WDSuite, local amenities are strong while park access and school ratings lag, framing the property as workforce-oriented rather than premium.
Demographics aggregated within a 3-mile radius show historical growth and robust forecasts for population and households, implying a larger tenant pool ahead. Ownership remains relatively high-cost compared with local incomes, which can reinforce rental demand, though rent-to-income pressure argues for proactive lease management and renewal strategies.
- Renter-heavy neighborhood supports depth of tenant demand and leasing velocity
- 1998 construction is newer than area average, with value-add via selective modernization
- Strong everyday amenities (cafés, groceries, pharmacies) aid resident retention
- 3-mile demographics point to population and household growth, supporting occupancy stability
- Risks: below-median safety vs. metro, limited park access, and affordability pressure require disciplined leasing