1621 Van Buren St # 11, Hollywood FL 33020
Basics
- Category: Commercial Sale
- Type: Income/MultiFamily
- Status: Active
- Floors: 2
- Lot size: 10244 sq ft
- Year built: 1925
- Year remodeled: Resale
- MLS ID: A11800225
Description
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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.
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Location
Building Details
- Exterior material: CBS Construction
- Roof: Built-up