| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Poor |
| Demographics | 39th | Fair |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8001 Augusta Blvd, Hudson, FL, 34667, US |
| Region / Metro | Hudson |
| Year of Construction | 2007 |
| Units | 20 |
| Transaction Date | 2011-07-13 |
| Transaction Price | $1,725,000 |
| Buyer | ROSDEV AT SEA PINES LLC |
| Seller | CORTLAND LOAN SERVICES LLC |
8001 Augusta Blvd Hudson FL 20-Unit Multifamily
Built in 2007, this Hudson asset is newer than much of the local stock, positioning it for competitive leasing and manageable near‑term capex, according to WDSuite’s CRE market data.
Hudson sits within the Tampa–St. Petersburg–Clearwater metro and this neighborhood is rated C and characterized as Rural in WDSuite’s dataset. Amenities are modest but present: grocery access trends near national mid percentiles, park access leans slightly above average, and cafe density compares favorably to many peer rural areas, while childcare and pharmacy options are limited. For investors, that mix supports day‑to‑day livability but underscores a more car‑dependent tenant profile.
Neighborhood occupancy is measured at the neighborhood level, not the property. Recent readings suggest softer occupancy locally with some slippage over the last five years, which argues for disciplined leasing and asset differentiation. Median contract rents in the neighborhood track around national mid percentiles, and the rent‑to‑income ratio trends near 0.17, indicating manageable affordability pressure that can support retention and steady renewal strategies.
Within a 3‑mile radius, demographics show a smaller average household size and a renter‑occupied share around one‑quarter of units, indicating a defined but not dominant renter base. Over the last five years, population edged down while household counts held roughly steady, implying smaller households rather than broad demand loss. Forward‑looking projections point to population growth and a notable increase in households by 2028, expanding the local tenant base and supporting occupancy stability for well‑positioned communities.
Home values in the neighborhood sit below many coastal Florida submarkets. In market terms, ownership costs appear relatively accessible versus high‑cost metros, which can introduce some competition from for‑sale options. Even so, a balanced value‑to‑income reading and mid‑percentile rents suggest room for durable rental demand where properties offer quality, convenience, or renovated finishes.
Safety indicators vary by category. Nationally, property offense measures compare strongly, landing in the top quartile for lower property offenses, while violent offense measures are above average compared to neighborhoods nationwide. At the metro level, conditions can be less favorable in some subareas, so underwriting should emphasize practical security features and tenant screening. These references describe neighborhood‑level trends rather than block‑level conditions and may evolve over time.
Proximity to major corporate offices across the Tampa–St. Petersburg employment corridor supports renter demand through commute convenience and a diversified white‑collar base, including Raymond James, Wellcare Health Plans, MetLife, Tech Data, and Raymond James Financial.
- Raymond James — corporate offices (23.0 miles)
- Wellcare Health Plans — corporate offices (25.7 miles) — HQ
- MetLife Insurance Company — corporate offices (25.8 miles)
- Tech Data — corporate offices (32.4 miles) — HQ
- Raymond James Financial — corporate offices (34.5 miles) — HQ
The property’s 2007 vintage is newer than the neighborhood’s average housing stock, giving it a competitive position versus older assets while allowing investors to plan selective upgrades rather than full‑scale repositioning. Within a 3‑mile radius, households are projected to grow meaningfully by 2028, expanding the renter pool even as ownership remains prevalent. Median neighborhood rents and a rent‑to‑income profile near mid percentiles suggest manageable affordability pressure that can aid renewal velocity and support pricing discipline as improvements are introduced.
Neighborhood‑level occupancy has been softer recently, which places a premium on asset quality and operations. However, according to CRE market data from WDSuite, the broader demand context—rising household counts, mid‑percentile rents, and a diversified regional employer base—supports a case for stable leasing at well‑managed properties. Investors should budget for system updates as the asset approaches two decades in service, using targeted capital to reinforce competitive positioning against older local stock.
- 2007 construction offers a competitive edge versus older neighborhood stock with measured, targeted capex needs
- Projected growth in 3‑mile households by 2028 supports a larger tenant base and occupancy stability
- Mid‑percentile rents and manageable rent‑to‑income dynamics aid retention and pricing discipline
- Regional corporate employers within commuting range reinforce leasing demand for workforce and white‑collar renters
- Risks: softer neighborhood occupancy and rural amenity depth require strong operations and focused value‑add execution