1621 Van Buren St #1-11 Active Save Request In-Person Tour Request Virtual Tour
Hollywood,FL 33020
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,058 sqft
Price per Sqft $454
MLS Listing ID A11800225
Year Built 1925
Annual Tax Amount $34,557
Lot Size 10,244 Sqft
Property Sub-Type Multi Family
Property Description
1621 Van Buren St, a well-maintained 11-unit multifamily property located east of US1 in the highly desirable Hollywood Lakes neighborhood, just steps from Young Circle. The building includes ten 1-bed/1-bath units and one studio, all with separate electric meters. Spanning 5,058 sq ft on a 10,244 sq ft lot, the property has undergone recent renovations and features a new roof and dedicated parking. At the asking price, it offers a solid going-in cap rate of 6.5%, with the potential to exceed 7% through modest rent increases. Seller financing is available with just 30% down and attractive terms, making this a compelling investment opportunity in a prime redevelopment area with projected pro forma gross income exceeding $225,000.
Location
State FL
County Broward
Area 3050
Interior
Heating Window Unit,Wall Furnace
Cooling Wall/Window Unit(s)
Exterior
Roof Type Built-Up
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Block
Others
Acceptable Financing Cash,Conventional,Owner May Carry
Listing Terms Cash,Conventional,Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11800225