| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Best |
| Demographics | 72nd | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2692 Enterprise Rd E, Clearwater, FL, 33759, US |
| Region / Metro | Clearwater |
| Year of Construction | 1985 |
| Units | 100 |
| Transaction Date | 2010-09-01 |
| Transaction Price | $13,800,000 |
| Buyer | ENCLAVE AT NORTHWOOD LP |
| Seller | CLEARWATER MULTIFAMILY PARTNERS LLC |
2692 Enterprise Rd E Clearwater Multifamily Investment
Neighborhood occupancy is competitive within Tampa–St. Petersburg–Clearwater and renter demand is reinforced by local amenities, according to WDSuite s CRE market data.
This inner suburb of Clearwater offers day-to-day convenience that supports leasing stability. Caf e9 and restaurant density ranks competitively among 710 metro neighborhoods and sits in the top quartile nationally, while grocery and pharmacy access also track well above national norms. Average school ratings are strong for the metro (top quartile nationally), which can aid retention for family renters.
The neighborhood 9s renter concentration is meaningful for multifamily, with a sizable share of housing units renter-occupied, indicating a deep tenant base for a 100-unit asset. Reported neighborhood occupancy is competitive among Tampa–St. Petersburg–Clearwater neighborhoods, pointing to steady absorption and lower downtime risk relative to weaker submarkets.
Within a 3-mile radius, demographics show recent population growth with households also rising, and WDSuite 9s forward view points to additional household growth over the next five years. That trajectory suggests a larger tenant base and supports occupancy stability. Median contract rents in the neighborhood trend above many U.S. areas (top quartile nationally), aligning with its amenity profile.
Ownership costs track above several national peers but below coastal gateways, which tends to sustain reliance on rental options and can support pricing power when managed with attention to rent-to-income affordability pressure. The asset 9s 1985 vintage is slightly newer than the neighborhood average (1980), offering a competitive edge versus older stock; however, investors should plan for targeted modernization of systems and interiors to sustain positioning.
Safety indicators are mixed. Compared with neighborhoods nationwide, this location trends below the national median for safety overall (around the 30th percentile), with property crime elevated relative to U.S. peers. Violent crime levels benchmark below average nationally but have shown recent improvement trends, which is a constructive signal to monitor.
Within the Tampa–St. Petersburg–Clearwater metro, the neighborhood 9s crime rank sits in the lower half among 710 neighborhoods, so underwriting should incorporate prudent security measures and loss assumptions. Investors often emphasize lighting, access control, and resident engagement to manage exposure while leveraging the area 9s strong amenity and school fundamentals.
Proximity to major employers supports commute convenience and broad renter demand, notably in technology hardware, financial services, and managed care a0 f4 the same industries listed below.
- Tech Data f4 IT distribution (6.6 miles) f4 HQ
- Raymond James Financial f4 financial services (9.3 miles) f4 HQ
- Wellcare Health Plans f4 managed care (10.9 miles) f4 HQ
- Jabil Circuit f4 electronics manufacturing (11.0 miles) f4 HQ
- Wellcare f4 managed care offices (11.0 miles)
Positioned in an amenity-rich inner suburb of Clearwater, the property benefits from a renter base supported by strong retail, dining, and school fundamentals. Neighborhood occupancy benchmarks competitive within the metro and rents sit in the top quartile nationally, indicating durable demand when paired with disciplined rent-to-income management. According to CRE market data from WDSuite, the surrounding 3-mile area shows recent population growth with further household expansion projected, reinforcing a larger tenant base over the medium term.
Built in 1985, the community is modestly newer than the neighborhood average, offering relative competitiveness versus older stock. A focused value-add program targeting systems and interiors can enhance leasing velocity and retention while keeping capital planning aligned with aging components. Investors should balance these tailwinds with prudent assumptions around property crime management and operating contingencies.
- Competitive neighborhood occupancy and top-quartile rent positioning support revenue resilience.
- Amenity-rich location with strong school ratings aids retention and leasing depth.
- 3-mile area shows population and household growth, expanding the tenant base.
- 1985 vintage offers value-add upside via selective modernization.
- Risk: below-median national safety profile warrants security planning and conservative loss assumptions.