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Quadplex on Lincoln 1859 Lincoln St 4 Unit Apartment Building $2,015,485 CAD ($503,871 CAD/Unit) 5.59% Cap Rate Hollywood, FL 33020
Investment Highlights
- Fully Renovated Asset: Turnkey 4-unit property with new roof, central A/C, impact windows, PVC plumbing, and updated interiors.
- Strong Rental Income: Generating approximately $9,450 in monthly rental income.
- Low-Maintenance Ownership: Separate electric meters and recent capital improvements help minimize operating costs.
- Oversized Unit Mix: Four spacious 2-bedroom/2-bath units with strong tenant appeal.
- Value-Add Potential: Opportunity to convert units to 3-bedroom/2-bath layouts and increase rental income.
- Prime Hollywood Location: Conveniently located near Downtown Hollywood, the beach, major roadways, dining, and employment centers.
Executive Summary
1859 Lincoln Street presents an opportunity to acquire a fully renovated and turnkey 4-unit multifamily property in Hollywood, Florida, consisting of four large 2-bedroom/2-bath units and approximately 3,869 SF of building area. The property currently generates $9,450 in monthly rental income, with each unit separately metered for electricity and a single water meter serving the property. Recent improvements include a brand-new roof, central A/C, impact windows and doors, PVC plumbing, new kitchen cabinets, and renovated bathrooms, providing a low-maintenance asset with limited near-term capital needs. The oversized units also offer a compelling value-add opportunity with the potential to convert the existing layouts to 3-bedroom/2-bath units and further increase rental income. Conveniently located near Downtown Hollywood, the beach, major roadways, shopping, dining, and employment centers.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$157,625
|
$40.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$157,625
|
$40.74
|
| Taxes |
$29,572
|
$7.64
|
| Operating Expenses |
$15,429
|
$3.99
|
| Total Expenses |
$45,001
|
$11.63
|
| Net Operating Income |
$112,624
|
$29.11
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $157,625 |
| Annual Per SF | $40.74 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $157,625 |
| Annual Per SF | $40.74 |
| Taxes (CAD) | |
|---|---|
| Annual | $29,572 |
| Annual Per SF | $7.64 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,429 |
| Annual Per SF | $3.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $45,001 |
| Annual Per SF | $11.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $112,624 |
| Annual Per SF | $29.11 |
Property Facts
| Price | $2,015,485 CAD | Property Subtype | Apartment |
| Price Per Unit | $503,871 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.59% | Building Size | 3,869 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Zoning | RMCRA-18 - Residential | ||
| Price | $2,015,485 CAD |
| Price Per Unit | $503,871 CAD |
| Sale Type | Investment |
| Cap Rate | 5.59% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,869 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Zoning | RMCRA-18 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $3,614 CAD | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 51-42-15-02-0011 | Total Assessment | $1,566,514 CAD (2026) |
| Land Assessment | $65,089 CAD (2026) | Annual Taxes | $29,572 CAD ($7.64 CAD/SF) |
| Improvements Assessment | $1,501,424 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
51-42-15-02-0011
Land Assessment
$65,089 CAD (2026)
Improvements Assessment
$1,501,424 CAD (2026)
Total Assessment
$1,566,514 CAD (2026)
Annual Taxes
$29,572 CAD ($7.64 CAD/SF)
Tax Year
2025
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Quadplex on Lincoln | 1859 Lincoln St
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