| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 40th | Fair |
| Amenities | 24th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14906 Flowers Dr, Hudson, FL, 34667, US |
| Region / Metro | Hudson |
| Year of Construction | 1978 |
| Units | 74 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14906 Flowers Dr Hudson Multifamily Value-Add
Neighborhood occupancy is measured for the surrounding area—not this property—and trends below metro norms, but rent levels remain comparatively accessible, according to WDSuite’s CRE market data, supporting retention while value-add can enhance leasing performance.
Situated in suburban Hudson within the Tampa–St. Petersburg–Clearwater metro, the property benefits from steady regional demand drivers while the immediate neighborhood shows mixed fundamentals. The local neighborhood ranks 624 out of 710 metro neighborhoods (C- rating), indicating performance below the metro median but with identifiable levers for improvement.
Amenities are limited: overall amenity rank is 539 of 710 (below metro median), with restaurants competitive versus many areas (65th national percentile) and pharmacies comparatively well-represented (77th percentile). Sparse cafes, grocery, and park access suggest residents rely on nearby corridors rather than walkable amenities, which places more value on on-site features and property-level services.
Neighborhood occupancy (measured for the neighborhood, not the property) sits in the lower decile nationally and below the metro median, signaling leasing work is required to stabilize assets. However, neighborhood rent levels trend toward the middle of the national distribution, and the rent-to-income relationship indicates manageable affordability pressure, which can support lease retention with prudent revenue management.
Tenure patterns point to a smaller renter base at the neighborhood level (renter-occupied share is modest), while within a 3-mile radius renters account for roughly one-quarter of housing units. For investors, this suggests a focused but present tenant pool where competitive finishes, reliable operations, and service quality can differentiate and deepen capture.
The property’s 1978 vintage predates the neighborhood’s average construction year (1982). For investors, that typically means planning for selective capital expenditures and renovation to sharpen competitiveness against newer stock while leveraging value-add upside in unit interiors, common areas, and building systems.
Home values in the neighborhood sit in a high-cost ownership context relative to local incomes (value-to-income ratio ranks in the top quintile nationally). In practice, that tends to reinforce rental reliance and can support pricing power for well-operated workforce-oriented properties, though careful lease management remains important where incomes are mixed.
Comparable crime data at the neighborhood level is not available in this dataset. Investors typically benchmark safety using multiple sources and trends over time, comparing the neighborhood to broader Tampa–St. Petersburg–Clearwater patterns and to peer submarkets. Standard diligence—reviewing recent trend data, speaking with local stakeholders, and observing daypart activity—can help contextualize conditions around the asset.
Regional employment anchors within commutable distance—Raymond James, Wellcare Health Plans, MetLife Insurance Company, Tech Data, and Raymond James Financial—support a broad white-collar base that can underpin renter demand and lease retention for workforce multifamily.
- Raymond James — corporate offices (21.9 miles)
- Wellcare Health Plans — corporate offices (24.6 miles) — HQ
- MetLife Insurance Company — insurance (24.8 miles)
- Tech Data — technology distribution (31.5 miles) — HQ
- Raymond James Financial — financial services (33.6 miles) — HQ
This 74-unit, 1978-vintage asset offers a value-add path in a suburban submarket where neighborhood-level occupancy runs below the metro median but rent levels remain comparatively accessible. Based on CRE market data from WDSuite, the surrounding area shows limited walkable amenities yet maintains proximity to major employment centers, positioning thoughtful renovations and strong operations to capture a defined renter pool.
Within a 3-mile radius, households have increased and are projected to grow further even as average household size trends lower—an investor-relevant signal of more households competing for units over time. Rising area incomes and a high-cost ownership landscape relative to local earnings support sustained rental reliance, while targeted capital planning can modernize systems and finishes to improve leasing velocity and retention.
- 1978 vintage points to renovation and systems upgrades that can unlock value-add upside versus newer stock.
- Household growth within 3 miles and rising incomes expand the tenant base and support occupancy stability over time.
- High-cost ownership context reinforces renter reliance, aiding lease retention and pricing power for well-operated assets.
- Proximity to regional employers (financial services and technology) supports steady demand from commuting renters.
- Risks: below-metro neighborhood occupancy and limited nearby amenities require disciplined leasing, marketing, and asset management.