Marie Apartments | 1203 N 17th Ct
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Marie Apartments 1203 N 17th Ct
8 Unit Block of Flats £1,328,075 (£166,009/Unit) 8.64% Net Initial Yield 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 | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£14,488
|
£3.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£14,488
|
£3.16
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £14,488 |
| Annual Per SF | £3.16 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £14,488 |
| Annual Per SF | £3.16 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | £1,328,075 | Apartment Style | Low Rise |
| Price Per Unit | £166,009 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Net Initial Yield | 8.64% | Building Size | 3,489 SF |
| No. Units | 8 | Number of Floors | 1 |
| Property Type | Residential | Year Built/Renovated | 1951/2024 |
| Property Subtype | Apartment |
| Price | £1,328,075 |
| Price Per Unit | £166,009 |
| Sale Type | Investment |
| Net Initial Yield | 8.64% |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,489 SF |
| Number of Floors | 1 |
| Year Built/Renovated | 1951/2024 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 7 | £1,449 | - |
| Studios | 1 | £1,207 | - |
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Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 51-42-10-11-0160 | Improvements Assessment | £872,222 (2024) |
| Land Assessment | £54,183 (2024) | Total Assessment | £926,405 (2024) |
PROPERTY TAXES
Parcel Number
51-42-10-11-0160
Land Assessment
£54,183 (2024)
Improvements Assessment
£872,222 (2024)
Total Assessment
£926,405 (2024)
zoning
| Zoning Code | FH-1 |
| FH-1 |
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Marie Apartments | 1203 N 17th Ct
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