Turnkey Remodeled
For Sale
$700,000
1706 Arthur St, Hollywood, FL 33020
Fully remodeled triplex with three upgraded units, new roof, and brand-new windows for move-in ready income or live-in flexibility.
Property Size1,662 SF
Days on Market63
Property Features for 1706 Arthur St
General Information
Standard status
Active
Size
1,662 SF
Property subtype
Investment
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,011
Building Details
Building Size
1,662 SF
Year Built
1950
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
JDM Realty Group, Inc
(786) 301-1050
Listed By:
David Egozi · License #3207504
(786) 301-1050
Source:
Elliman
Added: Jun 18
Changed: Aug 10
Last Checked: Aug 18 at 7:13AM
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.
1706 Arthur St is a fully remodeled, turnkey triplex designed for immediate rental functionality and owner occupancy flexibility. The property features three income-producing units: a spacious 2 bed/2 bath, a comfortable 1 bed/1 bath, and a sleek studio/1 bath. Each unit has been upgraded with brand new high-impact windows, a new roof providing updated exterior coverage for the building, luxury flooring, high-end kitchens, and beautifully appointed bathrooms. The finishes and improvements are presented as complete, with no deferred maintenance noted, supporting a clean, modern living experience across the full property.
Located at 1706 Arthur St in Hollywood, FL, the home sits in an area supported by strong pedestrian and bicycle access scores, including a Walk Score of 90 and a Bike Score of 73. Transit accessibility is described as more moderate, with a Transit Score of 45, which can be relevant for tenant lifestyle and commuting patterns.
For buyers, this configuration offers practical options: an investor can pursue three unit rental income from a single asset, while an owner may choose to live in one unit and rent the others to help offset expenses. The combination of unit mix and comprehensive interior upgrades can appeal to tenants looking for updated spaces, with the building positioned for straightforward, ready-to-occupy operation.
Located at 1706 Arthur St in Hollywood, FL, the home sits in an area supported by strong pedestrian and bicycle access scores, including a Walk Score of 90 and a Bike Score of 73. Transit accessibility is described as more moderate, with a Transit Score of 45, which can be relevant for tenant lifestyle and commuting patterns.
For buyers, this configuration offers practical options: an investor can pursue three unit rental income from a single asset, while an owner may choose to live in one unit and rent the others to help offset expenses. The combination of unit mix and comprehensive interior upgrades can appeal to tenants looking for updated spaces, with the building positioned for straightforward, ready-to-occupy operation.
Key Highlights
- Fully remodeled triplex with three income‑producing units: 2 bed/2 bath, 1 bed/1 bath, and studio/1 bath
- Brand‑new high‑impact windows installed in every unit
- 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
$29,778
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
4.25%
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%
$595,560
$595.6K
Cap Rate 7%
$425,400
$425.4K
Cap Rate 9%
$330,867
$330.9K
Market Conditions
NOI Build-Up for 1,662 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
$44.9K $27.00/SF
− Vacancy
−$2.3K −$1.40/SF
EGI
$42.5K $25.60/SF
− OpEx
−$12.8K −$7.68/SF
NOI
$29.8K $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%
$595,560
Cap Rate 7%
$425,400
Cap Rate 9%
$330,867
Alternative Uses
Best Use
Multifamily LT 5
$425.4K
$372.2K – $496.3K
NOI $29,778 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$395.7K
$346.3K – $461.7K
NOI $27,702 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$650.2K
$568.9K – $758.5K
NOI $45,512 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,081
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Fully remodeled triplex with three upgraded units, new roof, and brand-new windows for move-in ready income or live-in flexibility.
Where is this triplex located?
The property is located at 1706 Arthur St Hollywood, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Fully remodeled triplex with three income‑producing units: 2 bed/2 bath, 1 bed/1 bath, and studio/1 bath; Brand‑new high‑impact windows installed in every unit; New roof
