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Investment Opportunity

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1621 Van Buren St # 11 Hollywood FL 33020 MLS #A11800225

1621 Van Buren St # 11
Hollywood, FL, 33020
$2,300,000
Beds
0 Bathrooms
0 SqFt
0 Acres
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$2,300,000
1621 Van Buren St # 11
Hollywood, FL, 33020
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Project 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.

Property Details

Price:
$2,300,000
MLS #:
A11800225
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Income/MultiFamily
Listed Date:
May 11, 2025
Total Sq Ft:
5,058
Year Built:
1925
ApartmentsIncome Non-waterfront

Schools

Interior

Cooling
Wall/Window Unit(s)
Heating
Wall/Window Units

Exterior

Construction Materials
CBS Construction
Parking Features
Shared Parking, On Street
Roof
Built-Up

Financial

Net Operating Income
$152,903
Taxes
$34,557

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Profitability of the Property

Net Monthly Income:
Annual Profitability of:
1621 Van Buren St # 11
Hollywood, FL