Turnkey Remodeled Duplex
For Sale
$600,000
1123 North 17th Court, Hollywood, FL 33020
A fully remodeled duplex with two rented 2-bedroom, 1-bath units and new roof and impact-resistant windows.
Property Size1,502 SF
Price / SF$399.47
Days on Market140
Property Features for 1123 North 17th Court
General Information
Standard status
Active
Size
1,502 SF
Property subtype
Multi-Family Income / Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,237
Building Details
Year Built
1951
Listing Agency:
JDM Realty Group, Inc
(786) 301-1050
Listed By:
David Egozi · License #3207504
(786) 301-1050
Source:
Compass
Added: Apr 11
Changed: Aug 25
Last Checked: Aug 26 at 1:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JDM Realty Group, Inc
Investment Insights
Based on property information with market context.
This turnkey duplex has been fully remodeled and is configured as two spacious 2-bedroom, 1-bath units. Both units are currently rented. Improvements include a brand-new roof, impact-resistant windows throughout, new flooring, and updated interiors with luxury kitchen finishes and renovated bathrooms.
The property is located in East Hollywood, just east of US-1, with proximity to shopping, dining, and major roadways.
Offered as a stabilized, income-producing residential income property, the duplex provides two separate rental units within a fully updated building.
The property is located in East Hollywood, just east of US-1, with proximity to shopping, dining, and major roadways.
Offered as a stabilized, income-producing residential income property, the duplex provides two separate rental units within a fully updated building.
Key Highlights
- Fully remodeled duplex built in 1951
- Two rented units: each unit offers 2 bedrooms and 1 bathroom
- Brand‑new roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,912
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$538,240
$538.2K
Cap Rate 7%
$384,457
$384.5K
Cap Rate 9%
$299,022
$299.0K
Market Conditions
NOI Build-Up for 1,502 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.6K $27.00/SF
− Vacancy
−$2.1K −$1.40/SF
EGI
$38.4K $25.60/SF
− OpEx
−$11.5K −$7.68/SF
NOI
$26.9K $17.92/SF
Area
Hollywood, FL
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$538,240
Cap Rate 7%
$384,457
Cap Rate 9%
$299,022
Alternative Uses
Best Use
Multifamily LT 5
$384.5K
$336.4K – $448.5K
NOI $26,912 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$357.6K
$312.9K – $417.3K
NOI $25,035 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$587.6K
$514.1K – $685.5K
NOI $41,131 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,614
Businesses Nearby
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A fully remodeled duplex with two rented 2-bedroom, 1-bath units and new roof and impact-resistant windows.
Where is this duplex located?
The property is located at 1123 North 17th Court Hollywood, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Fully remodeled duplex built in 1951; Two rented units: each unit offers 2 bedrooms and 1 bathroom; Brand‑new roof
