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    1711 Buchanan St Hollywood, FL 33020

    For Sale
    $799,000

    High-Income Multifamily Property in Hollywood, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    Exceptional investment opportunity in Hollywood, Florida's desirable Hollywood Lakes area, east of US-1. This 1951-built, one-story fourplex at 1711 Buchanan St, features four 1-bedroom, 1-bathroom units, all currently occupied, generating a monthly income of $5,200. The property boasts a single electric and water meter, simplifying management. Located in a prime location, just minutes from Young Circle and the beach, this property presents significant upside potential by increasing rents to market rates. Furthermore, the property sits on an FH2 zoned lot, offering substantial redevelopment potential. The zoning allows for the construction of up to 22 residential units in a building up to 14 stories high, presenting a lucrative opportunity for future expansion or a complete redevelopment project. The asking price is $799,000. This is a rare chance to acquire a well-performing multifamily property with significant long-term growth potential in a highly sought-after location. The property's strong cash flow and redevelopment potential make it an ideal investment for both seasoned and new investors. Don't miss this chance to secure a piece of Hollywood's thriving real estate market.

    Property Features for 1711 Buchanan St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1951
    Stories
    1

    HighLights

    • Four 1‑bedroom, 1‑bathroom units.
    • $5,200 monthly income with upside potential.
    • Excellent Hollywood Lakes location, east of US‑1, minutes from Young Circle and the beach.
    • FH2 zoning allows for redevelopment up to 22 units, 14 stories.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.141985
    Latitude
    26.0174308

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    FAQs

    What type of property is this?
    Multifamily property - High-Income Multifamily Property in Hollywood, FL
    Where is this multifamily property located?
    The property is located at 1711 Buchanan St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Four 1-bedroom, 1-bathroom units.; $5,200 monthly income with upside potential.; Excellent Hollywood Lakes location, east of US-1, minutes from Young Circle and the beach.
    Request Owner's contact information
    1711 Buchanan St Hollywood, FL 33020
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    Hollywood, FL 33020
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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
    1711 Buchanan St Hollywood, FL 33020
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