| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Fair |
| Demographics | 12th | Poor |
| Amenities | 24th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 709 W Church St, Perry, FL, 32348, US |
| Region / Metro | Perry |
| Year of Construction | 1982 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
709 W Church St, Perry, FL Multifamily Investment
Investor takeaways center on a stable renter base and rural fundamentals, with ownership relatively accessible nearby, according to WDSuite’s CRE market data. Expect leasing to track local demand rather than metro cycles, favoring cost discipline and hands-on operations.
This rural neighborhood in Perry, Florida offers basic daily needs with select conveniences nearby. Grocery and pharmacy access rank in the top quartile among 14 metro neighborhoods, while cafes, childcare, and parks are relatively limited, based on CRE market data from WDSuite. For investors, that mix supports essential-living demand but suggests limited amenity-driven rent premiums.
Neighborhood occupancy is reported at 83.3%. At the same time, about 30.9% of housing units are renter-occupied, a higher renter concentration than many areas nationally. Together, these indicators point to a viable tenant base with some sensitivity to pricing and service quality, where proactive leasing and renewals can sustain performance.
The broader housing and demographic profile signals a high-cost ownership market is not the primary constraint here; rather, home values and value-to-income measures are relatively accessible versus national benchmarks. That can create some competition with entry-level ownership, so multifamily positioning may benefit from emphasizing convenience, flexible tenancy, and predictable total housing costs to reinforce retention.
The average construction year in the neighborhood is 1976, while the subject property was built in 1982. This places the asset somewhat newer than much of the surrounding stock, which can be a competitive positive, though investors should still plan for system updates and targeted renovations typical of 1980s vintage assets.
Comparable neighborhood-level crime metrics are not available in the WDSuite dataset for this location. Investors commonly benchmark city and county trend reports, police blotters, and insurer guidance to contextualize safety and potential operating practices. Consider on-the-ground diligence and time-of-day visits to evaluate security needs and resident experience.
Employer proximity data with reliable distances was not available in WDSuite for this address. Investors evaluating lease-up risk and retention should supplement with local employer mapping and commute analysis.
709 W Church St is a 41-unit multifamily asset built in 1982, positioned in a rural Perry submarket where renter occupancy is meaningful and daily-needs access is solid. Neighborhood occupancy is reported at 83.3%, indicating that leasing outcomes will likely reward active management, resident services, and value-focused positioning rather than amenity-driven premiums.
Relative to the area’s older average vintage (1976), the property’s 1982 construction is modestly newer and may offer an edge versus older competing stock, though age-related system upgrades and selective renovations should be part of capital planning. With ownership comparatively accessible in this area, the investment case centers on capturing workforce demand, offering predictable housing costs, and managing renewals tightly—an approach supported by commercial real estate analysis from WDSuite.
- Renter-occupied share supports a consistent tenant base and ongoing leasing activity.
- Daily-needs access (grocery, pharmacy) ranks competitively within the metro, aiding livability and retention.
- 1982 vintage offers a relative edge versus older local stock, with targeted upgrades to enhance competitiveness.
- Active, value-focused operations can align pricing with local demand to sustain occupancy and renewals.
- Risk: Neighborhood occupancy of 83.3% and accessible ownership options imply measured pricing power and the need for focused leasing and retention.