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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

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
More about this property
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