| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 57th | Good |
| Amenities | 84th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1706 Sunset Dr, Longwood, FL, 32750, US |
| Region / Metro | Longwood |
| Year of Construction | 1988 |
| Units | 20 |
| Transaction Date | 1988-04-01 |
| Transaction Price | $85,000 |
| Buyer | HICKEY TIMOTHY J |
| Seller | --- |
1706 Sunset Dr Longwood, FL 20-Unit Multifamily
Stabilized neighborhood fundamentals and strong access to daily amenities point to durable renter demand, according to WDSuite s CRE market data. The area s renter base and occupancy trends support steady operations with selective value-add upside.
Longwood s Inner Suburb location ranks in the top quartile among 465 Orlando-Kissimmee-Sanford neighborhoods with an A neighborhood rating, indicating competitive livability and demand drivers for workforce and middle-income renters. Amenity access is a strength: grocery, childcare, and restaurant density all score in the top quartile nationally, supporting daily convenience and lease retention.
Neighborhood occupancy sits around the metro mid-range (91.1% for the neighborhood, not the property), and the renter-occupied share is 37.2% of housing units. For investors, this points to a mixed-tenure area with a meaningful but not dominant renter pool el generally supportive of leasing stability while limiting overexposure to transient demand.
Within a 3-mile radius, population has expanded and household counts have grown materially over the past five years, with forecasts indicating further population growth and a larger household base by 2028. This trajectory suggests gradual renter pool expansion that can support occupancy and renewal performance. Median contract rents in the immediate neighborhood track near the regional middle, while the broader 3-mile area trends somewhat higher a pattern that can aid pricing power without overextending affordability.
The property s 1988 vintage is newer than the neighborhood s average construction year (1978). That relative edge can enhance competitiveness against older stock, though investors should budget for ongoing system upgrades typical of late-1980s assets. Home values in the neighborhood sit in a higher national percentile and value-to-income ratios are elevated versus many markets, which tends to sustain reliance on multifamily rentals and supports retention a relevant insight for commercial real estate analysis.
Schools in the area average around mid-to-above national performance, adding to family appeal. Parks access is also above national mid-range, rounding out livability features that complement workforce housing demand.
Safety indicators for the neighborhood compare favorably against many U.S. neighborhoods: violent offense levels benchmark in the top percentile nationally and property offense measures are also in the top quartile. At the same time, recent year-over-year readings show property-crime volatility, so owners may want to track local trends and emphasize lighting, access control, and camera coverage as part of routine risk management. These references describe neighborhood conditions, not on-site incidents.
Relative to the Orlando-Kissimmee-Sanford metro, the neighborhood s overall crime positioning is above national mid-range, aligning with the broader suburban profile. Use of third-party monitoring and coordination with local resources can help sustain tenant confidence and retention.
Nearby employers provide a diversified white-collar employment base that supports commuter convenience and multifamily demand, including Symantec, Prudential, Ryder, Darden Restaurants, and Waste Management.
- Symantec corporate offices (4.2 miles)
- Prudential corporate offices (18.5 miles)
- Ryder corporate offices (19.5 miles)
- Darden Restaurants corporate offices (22.5 miles) HQ
- Waste Management corporate offices (36.2 miles)
1706 Sunset Dr offers a 20-unit footprint in a top-quartile Longwood neighborhood where amenity access and mixed tenure support steady leasing. Neighborhood occupancy trends are around the metro median, and the 3-mile area shows ongoing population growth with a pronounced increase in households, indicating a gradually expanding renter base that can underpin stable operations and renewal performance.
The asset s 1988 vintage is newer than the local average, offering relative competitiveness versus older stock while still benefiting from targeted value-add improvements as systems age. Median rents track near the regional middle and rent-to-income dynamics appear manageable for many local households, supporting retention. According to CRE market data from WDSuite, local livability and ownership costs reinforce reliance on multifamily housing, which can help sustain demand through cycles.
- Top-quartile neighborhood within the Orlando-Kissimmee-Sanford metro supports durable renter demand
- 1988 vintage newer than area average; room for selective value-add and modernization
- 3-mile population and household growth signal a larger tenant base and occupancy stability
- Amenity-rich location (grocers, childcare, restaurants) aids retention and leasing velocity
- Risk: recent property-crime readings show volatility; proactive security and monitoring recommended