| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Poor |
| Demographics | 40th | Fair |
| Amenities | 25th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15731 Homewood Ln, Hudson, FL, 34667, US |
| Region / Metro | Hudson |
| Year of Construction | 1983 |
| Units | 52 |
| Transaction Date | 2019-09-13 |
| Transaction Price | $3,300,000 |
| Buyer | HUDSON HOUSING CORP |
| Seller | SP HE APARTMENTS LLC |
15731 Homewood Ln Hudson, FL Multifamily Value-Add
Positioned in a rural Hudson submarket with a modest renter base, this 52-unit asset offers renovation-driven upside and operational improvements, according to WDSuite’s CRE market data on neighborhood occupancy and demand.
Hudson s local setting is classified as Rural and skews car-dependent. Amenity density inside the neighborhood is limited (few cafes and parks), while basic retail like groceries is present but not concentrated. For investors, this points to a resident base that prioritizes housing value and commute convenience over walkable lifestyle offerings, which can support durable workforce-oriented demand but may temper premium rent capture.
Neighborhood-level occupancy is below the metro median but has trended upward in recent years, indicating improving stability rather than late-cycle stress. Renter concentration at the neighborhood level is modest (roughly one-quarter of housing units are renter-occupied), which suggests a thinner immediate tenant base; however, broader metro dynamics in Tampa-St. Petersburg-Clearwater remain supportive of absorption for well-managed, appropriately priced product.
Within a 3-mile radius, households have edged higher recently despite population softness, implying smaller household sizes and a stable to expanding tenant base. Forward-looking data from WDSuite points to population growth and a notable increase in households over the next five years, which should expand the renter pool and support occupancy stability for operators who execute on leasing and retention.
Home values in the neighborhood are lower than many national peers, placing the area in a more accessible ownership market. That can introduce some competition with entry-level ownership, but it also positions well-maintained rentals as a pragmatic option for residents seeking predictable costs. With a rent-to-income ratio around the middle of national ranges, lease retention can be supported, though pricing power may remain measured.
The property s 1983 vintage is older than the neighborhood s average construction year. Investors should anticipate capital planning for interiors, common areas, and systems, with potential value-add returns via modernization that can improve competitive positioning against newer stock.
Comparable crime statistics at the neighborhood level are not available in WDSuite for this location. Investors typically assess safety using multi-year, area-level trends and professional management insights rather than block-level snapshots. Regional due diligence including consultation with local law enforcement resources and reviewing historical incident patterns can help calibrate risk and inform operating practices.
The employment base draws from finance, insurance, healthcare, and technology distributors across the Tampa Bay corridor, supporting commuter demand and lease retention for workforce housing. The list below highlights nearby corporate offices that underpin renter demand in this submarket.
- Raymond James finance (22.3 miles)
- MetLife Insurance Company insurance (24.7 miles)
- Wellcare Health Plans healthcare (25.2 miles) HQ
- Tech Data IT distribution (32.5 miles) HQ
- Raymond James Financial finance (34.5 miles) HQ
This 52-unit, approximately 890 sq. ft. average-unit-size asset offers an operational and renovation story in a car-oriented Hudson location. Based on CRE market data from WDSuite, the neighborhood s occupancy has improved from earlier levels yet remains below the metro median, signaling room for operators to capture stabilized performance through leasing execution and targeted upgrades. The 1983 vintage is older than the area s average, pointing to value-add potential via interior refreshes and systems modernization.
Demand prospects are underpinned by a 3-mile outlook that shows population growth and a clear increase in households over the next five years, expanding the local renter pool. Lower home values relative to national peers and a mid-range rent-to-income profile suggest steady appeal for cost-conscious renters, though pricing power may be tempered and ownership alternatives can compete at the margin. Neighborhood NOI per unit trails national norms, reinforcing the case for disciplined asset management and renovation focus rather than relying solely on market rent growth.
- Renovation upside: 1983 vintage with value-add potential to improve rentability and competitive position.
- Improving occupancy at the neighborhood level supports a path to stabilization with solid operations.
- 3-mile outlook shows household growth, expanding the prospective tenant base and supporting leasing.
- Affordability profile supports retention, while ownership alternatives may limit near-term pricing power.
- Risk: Rural amenity mix and below-median renter concentration may require stronger marketing and concessions management.