| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Poor |
| Demographics | 39th | Fair |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15815 Kemper Dr, Hudson, FL, 34667, US |
| Region / Metro | Hudson |
| Year of Construction | 1985 |
| Units | 50 |
| Transaction Date | 2005-08-31 |
| Transaction Price | $100,000 |
| Buyer | ROSDEV AT SEA PINES LLC |
| Seller | CORTLAND LOAN SERVICES LLC |
15815 Kemper Dr, Hudson FL Multifamily Investment Thesis
Positioned in Pasco County near the Tampa-St. Petersburg-Clearwater metro the asset benefits from steady workforce renter demand and an ownership-leaning submarket that can support retention, according to WDSuite s CRE market data.
Hudson s setting provides everyday conveniences with moderate amenity access. Neighborhood indicators show grocery and park availability roughly in line with national medians, while cafes and restaurants are present but not dense. This is a largely owner-occupied area, which typically supports stable renter cohorts rather than transient lease-up dynamics, a point that can matter for underwriting turnover.
Rents in the neighborhood trend mid-market, and the rent-to-income profile suggests manageable affordability pressure for tenants, which can support lease retention. The neighborhood s occupancy metric is measured at the neighborhood level (not the property) and sits below the metro median (rank 500 of 710), signaling room for competitive positioning via product quality or operations. For investors conducting multifamily property research, this context helps frame achievable leasing strategy and concessions planning.
Construction trends indicate a late-1980s average vintage locally. With a 1985 build year, the property is slightly older than nearby stock, pointing to potential value-add or targeted capital expenditures (e.g., interiors, building systems) to enhance competitiveness against newer supply while balancing returns.
Within a 3-mile radius, the current population base has been relatively flat to soft in recent years, while household counts edged higher; forward-looking projections point to an increase in both households and population by the mid-term, expanding the tenant base. In an area with a lower share of renter-occupied units, incremental household growth can translate into a larger pool of prospective renters and support occupancy stability over time.
Safety indicators present a mixed but generally constructive picture when viewed across benchmarks. Nationally, the neighborhood trends in higher safety percentiles for property and violent offenses, placing it in a stronger cohort compared with many U.S. neighborhoods. At the metro level, however, its crime rank (90 out of 710 Tampa-St. Petersburg-Clearwater neighborhoods) indicates higher incident levels than much of the region, underscoring the importance of standard security measures and lighting, along with active management.
Recent trend readings show year-over-year improvement in property-related incidents but less favorable momentum in violent-offense metrics. For investors, the practical takeaway is to monitor trend direction and lean on proven operating practices (access control, visibility, cooperation with local patrols) to support resident experience and retention.
Major employment centers within commuting range include finance, healthcare, and technology distribution anchors 4a mix that supports workforce housing demand and reduces reliance on any single industry. The list below highlights nearby corporate offices that can influence leasing stability through commuter convenience.
- Raymond James finance (22.8 miles)
- Wellcare Health Plans healthcare services (25.6 miles) HQ
- MetLife Insurance Company insurance (25.6 miles)
- Tech Data IT distribution (32.4 miles) HQ
- Raymond James Financial finance (34.5 miles) HQ
This 50-unit, 1985-vintage asset in Hudson offers pragmatic value-add potential in an owner-leaning submarket. Average unit sizes around 1,120 square feet provide functional layouts for longer tenancies, while neighborhood-level occupancy sits below the metro median creating an opportunity to differentiate through targeted renovations and disciplined operations. According to CRE market data from WDSuite, rent levels and rent-to-income dynamics reflect manageable affordability pressure, supporting retention rather than aggressive turnover-driven growth.
Within a 3-mile radius, households are projected to increase alongside population growth over the next five years, pointing to a larger tenant base and demand for well-managed multifamily product. While ownership costs are comparatively accessible in this part of the Tampa-St. Petersburg-Clearwater region, that context can be offset by delivering upgraded finishes and reliable service to sustain pricing power and lease-up velocity relative to older stock.
- 1985 vintage suggests focused value-add and system updates to compete with late-1980s local stock.
- Larger unit sizes support tenant retention and appeal to workforce households.
- Neighborhood occupancy below metro median offers room to capture share via renovations and management.
- 3-mile outlook shows household and population growth, expanding the renter pool and supporting leasing.
- Risk: metro-relative safety rank and ownership-friendly market conditions require attentive operations and pricing discipline.