Nine-Unit Multifamily with Gated
For Sale
$1,825,000
1954 Buchanan Street, Hollywood, FL 33020
Nine-unit apartment assemblage with rear gated parking and seller-financing terms available to qualified buyers.
Days on Market61
Property Features for 1954 Buchanan Street
General Information
Standard status
Active
Property subtype
Land or Vacant Lot
Zoning
DH-2
Financials
Cap Rate
5%
Business Included
No
Additional Details
Highway Access
Yes
Multifamily Units
9
Building Details
Tenancy
Multi
Listing Agency:
MEDIA REALTY
(954) 923-2325
Listed By:
PETER DACKO III · License #B26035471
Source:
Corcoran
Added: Jun 2
Changed: Jul 28
Last Checked: Jul 31 at 8:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MEDIA REALTY
Investment Insights
Based on property information with market context.
This for-sale multifamily assemblage includes three residential addresses totaling nine apartment units, with a rear gated parking area. As currently improved, the property is described as producing immediate cash flow with an estimated 5% in-place capitalization rate, while keeping flexibility for potential future redevelopment.
The assemblage is positioned near Downtown Hollywood, Young Circle, US-1, beaches, and major employment centers, within a DH-2 corridor noted as undergoing active urban redevelopment.
Seller financing is described as available for qualified buyers, with as little as 40% down and a below-market interest rate. In addition to the existing income stream, the offering highlights preliminary redevelopment assumptions supporting a future residential development program of approximately 29 to 32 units, subject to zoning verification, site planning and parking, utility capacity, and municipal approvals.
The assemblage is positioned near Downtown Hollywood, Young Circle, US-1, beaches, and major employment centers, within a DH-2 corridor noted as undergoing active urban redevelopment.
Seller financing is described as available for qualified buyers, with as little as 40% down and a below-market interest rate. In addition to the existing income stream, the offering highlights preliminary redevelopment assumptions supporting a future residential development program of approximately 29 to 32 units, subject to zoning verification, site planning and parking, utility capacity, and municipal approvals.
Key Highlights
- Nine‑unit apartment assemblage at 1948 Buchanan St, 1952 Buchanan St, and 615 N 20th Ave with a rear gated parking area
- Estimated 5% in‑place capitalization rate on the current 9‑unit multifamily complex
- Seller is willing to provide purchase money financing with as little as 40% down and a below‑market interest rate
Property Analytics
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,547
Businesses Nearby
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit apartment assemblage with rear gated parking and seller-financing terms available to qualified buyers.
Where is this apartment building located?
The property is located at 1954 Buchanan Street Hollywood, FL.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: Nine‑unit apartment assemblage at 1948 Buchanan St, 1952 Buchanan St, and 615 N 20th Ave with a rear gated parking area; Estimated 5% in‑place capitalization rate on the current 9‑unit multifamily complex; Seller is willing to provide purchase money financing with as little as 40% down and a below‑market interest rate
