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Greene Street Apts 2201 Greene St 9 Unit Apartment Building $2,946,661 CAD ($327,407 CAD/Unit) 7.27% Cap Rate Hollywood, FL 33020
Investment Highlights
- Fully Renovated Asset: Extensive upgrades include plumbing, electrical, A/C systems, and impact windows and doors.
- Desirable Unit Mix: Four 2-bedroom units and five 1-bedroom units catering to broad tenant demand.
- Turnkey Investment Opportunity: Fully remodeled interiors provide stable operations with limited near-term capital needs.
- Strong In-Place Returns: Attractive 7.27% going-in cap rate with additional long-term upside potential.
- Spacious Apartment Layouts: Well-proportioned floor plans designed for long-term tenant retention.
- Prime Hollywood Location: Minutes from Downtown Hollywood, Fort Lauderdale Airport, major highways, and the beach.
Executive Summary
2201 Greene Street is a fully renovated 9-unit multifamily property located in the heart of Hollywood, just minutes from Downtown Hollywood, major transportation corridors, and South Florida’s top amenities. The property features a desirable unit mix consisting of four 2-bedroom/1-bath units and five 1-bedroom/1-bath units, offering strong appeal within one of Broward County’s most active rental markets. Extensive renovations include new plumbing, updated electrical, new A/C systems, impact windows and doors, and fully remodeled interiors, creating a stable turnkey investment opportunity. The asset is currently operating at an attractive 7.27% going-in cap rate with additional long-term upside potential. The property also includes eight on-site parking spaces for tenant convenience. Ideally located approximately 5 minutes from Downtown Hollywood, 8 minutes from Fort Lauderdale-Hollywood International Airport, 10 minutes from the beach, and with easy access to Interstate 95, the property benefits from strong and consistent tenant demand driven by nearby employment centers, shopping, dining, and entertainment.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$296,859
|
$64.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$296,859
|
$64.63
|
| Taxes |
$28,670
|
$6.24
|
| Operating Expenses |
$53,873
|
$11.73
|
| Total Expenses |
$82,544
|
$17.97
|
| Net Operating Income |
$214,315
|
$46.66
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $296,859 |
| Annual Per SF | $64.63 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $296,859 |
| Annual Per SF | $64.63 |
| Taxes (CAD) | |
|---|---|
| Annual | $28,670 |
| Annual Per SF | $6.24 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $53,873 |
| Annual Per SF | $11.73 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $82,544 |
| Annual Per SF | $17.97 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $214,315 |
| Annual Per SF | $46.66 |
Property Facts
| Price | $2,946,661 CAD | Building Class | C |
| Price Per Unit | $327,407 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 4,593 SF |
| Cap Rate | 7.27% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.13/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RS-1 - low-density, single-family residential development | ||
| Price | $2,946,661 CAD |
| Price Per Unit | $327,407 CAD |
| Sale Type | Investment |
| Cap Rate | 7.27% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,593 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.13/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RS-1 - low-density, single-family residential development |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
Site Amenities
- Furnished Units Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $2,604 CAD | - |
| 2+1 | 4 | $3,289 CAD | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 51-42-04-01-2450 | Total Assessment | $1,210,118 CAD (2026) |
| Land Assessment | $38,307 CAD (2026) | Annual Taxes | $28,670 CAD ($6.24 CAD/SF) |
| Improvements Assessment | $1,171,812 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
51-42-04-01-2450
Land Assessment
$38,307 CAD (2026)
Improvements Assessment
$1,171,812 CAD (2026)
Total Assessment
$1,210,118 CAD (2026)
Annual Taxes
$28,670 CAD ($6.24 CAD/SF)
Tax Year
2025
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Greene Street Apts | 2201 Greene St
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