Marie Apartments | 1203 N 17th Ct
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Marie Apartments 1203 N 17th Ct
8 Unit Apartment Building $2,389,035 CAD ($298,629 CAD/Unit) 9.01% Cap Rate Hollywood, FL 33020
Investment Highlights
- Unit Mix: Seven (7) Units are 1 Bed/ 1 Bath and One (1) Unit is a Spacious Studio Unit
- Potential Gross Income of $192,000 Annually at Market Rates when Fully Occupied
- Most of the Units are Fully Renovated, New Windows, Flooring, Kitchens, Appliances, Bathrooms, and many more upgrades.
- 2 Minutes Away from Young Circle, Shopping, Restaurants, Bars and Beaches and East of US-1 (Federal Hwy)
Executive Summary
Introducing 1203 N 17th Ct, a recently updated 8-unit multifamily property East of US-1 and just 2 minutes from downtown Hollywood’s vibrant Young Circle. The unit mix includes seven 1-bed/1-bath units and one spacious studio, with most units featuring modern upgrades such as new appliances, updated flooring, renovated bathrooms, and enhanced lighting. The property boasts brand-new impact windows and a 3-year-old roof. With its proximity to restaurants, shopping, and the beach, this property is in a highly desirable location. At full occupancy, it can generate approximately $192K annually at market rents, making it an excellent addition to any portfolio. Seller financing is available!
Financial Summary (Pro forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$23,108
|
$6.62
|
| Taxes |
$40,541
|
$11.62
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$40,541
|
$11.62
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $23,108 |
| Annual Per SF | $6.62 |
| Taxes (CAD) | |
|---|---|
| Annual | $40,541 |
| Annual Per SF | $11.62 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $40,541 |
| Annual Per SF | $11.62 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,389,035 CAD | Apartment Style | Low Rise |
| Price Per Unit | $298,629 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 9.01% | Building Size | 3,489 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1951 |
| Property Subtype | Apartment |
| Price | $2,389,035 CAD |
| Price Per Unit | $298,629 CAD |
| Sale Type | Investment |
| Cap Rate | 9.01% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,489 SF |
| No. Stories | 1 |
| Year Built | 1951 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $2,606 CAD | - |
| Studios | 1 | $2,172 CAD | - |
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Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 51-42-10-11-0160 | Total Assessment | $1,645,793 CAD (2024) |
| Land Assessment | $96,258 CAD (2024) | Annual Taxes | $40,541 CAD ($11.62 CAD/SF) |
| Improvements Assessment | $1,549,534 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
51-42-10-11-0160
Land Assessment
$96,258 CAD (2024)
Improvements Assessment
$1,549,534 CAD (2024)
Total Assessment
$1,645,793 CAD (2024)
Annual Taxes
$40,541 CAD ($11.62 CAD/SF)
Tax Year
2025
zoning
| Zoning Code | FH-1 |
| FH-1 |
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Marie Apartments | 1203 N 17th Ct
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