Leased 2020 Fourplex
1501 North 17th Avenue Hollywood, FL 33020
1501 North 17th Avenue, Hollywood, FL, 33020
$2,999,999
For Sale
$2,999,999
A 2020 fourplex with four leased townhomes, each with three bedrooms, 3.5 baths, and a private 1-car garage.
Property Size8,203 SF
Price / SF$365.72
Days on Market145
Property Features for 1501 North 17th Avenue
General Information
- Standard status
- Active
- Size
- 8,203 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 2019
Listing agency
RE/MAX 5 Star Realty
(954) 361-0000
Listed by
Alejandro Bruno · License #3118923
(954) 361-0000
Source
Compass
Added: Feb 27 Updated: Jul 22 at 1:00AM Checked: Jul 22 at 9:00AM
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 RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
This 2020 newer-construction fourplex includes four spacious townhomes, each designed with three bedrooms and 3.5 bathrooms. Every unit offers a private 1-car garage, custom kitchens with stainless steel appliances, wood flooring throughout, and full-size washer and dryer. Layout includes en-suite bedrooms with generous walk-in closets.
The property is located just east of US-1, with nearby access to shops, Downtown Hollywood, and the beaches.
All four units are currently leased. The sale is structured as a bundle of four separate folios, and there is no association.
The property is located just east of US-1, with nearby access to shops, Downtown Hollywood, and the beaches.
All four units are currently leased. The sale is structured as a bundle of four separate folios, and there is no association.
Key Highlights
- Four‑plex built in 2019 with four leased townhomes
- Each unit offers 3 bedrooms and 3.5 bathrooms
- Every unit includes a private 1‑car garage
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $221.5k | $27.00 |
| − Vacancy | −$11.5k | −$1.40 |
| EGI | $210.0k | $25.60 |
| − OpEx | −$63.0k | −$7.68 |
| NOI | $147.0k | $17.92 |
8,203 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.10M
$1.84M – $2.45M
NOI $146,975 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$1.95M
$1.71M – $2.28M
NOI $136,727 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$3.21M
$2.81M – $3.74M
NOI $224,631 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - A 2020 fourplex with four leased townhomes, each with three bedrooms, 3.5 baths, and a private 1-car garage.
Where is this quadplex located?
The property is located at 1501 North 17th Avenue Hollywood, FL.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Four‑plex built in 2019 with four leased townhomes; Each unit offers 3 bedrooms and 3.5 bathrooms; Every unit includes a private 1‑car garage
