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    1621 Van Buren St, Unit 1-11 Hollywood, FL 33020

    For Sale
    $2,300,000

    Well-maintained 11-unit property in Hollywood Lakes neighborhood.

    Lot size:
    0.24 Acres

    Property Features for 1621 Van Buren St

    General Information

    Lot size
    0.24 Acres

    Building Details

    Year built
    1925

    Source: Fausto Commercial Realty Consultants Inc Agent Elior Levi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hollywood Lakes Multifamily Investment

    The property at 1621 Van Buren St is a multifamily building with 11 units, located east of US1 in the Hollywood Lakes neighborhood. The building contains ten 1-bed/1-bath units and one studio. The property has separate electric meters for each unit. Recent renovations have been completed, including a new roof. The building spans 5,058 sq ft on a 10,244 sq ft lot and includes dedicated parking. Seller financing is available with 30% down and attractive terms. The property is located in a prime redevelopment area with projected pro forma gross income exceeding $225,000.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1396843
    Latitude
    26.0100028

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 11-unit property in Hollywood Lakes neighborhood.
    Where is this apartment building located?
    The property is located at 1621 Van Buren St, Unit 1-11 Hollywood, FL.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - Prime Hollywood Lakes location, steps from Young Circle; - Strong 6.5% going-in cap rate with potential to exceed 7% through rent increases; - Seller financing available with 30% down and attractive terms
    (954) 743-7594
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1621 Van Buren St, Unit 1-11 Hollywood, FL 33020
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