1621 Van Buren St, Hollywood, FL 33020
- Sqft
- 5,058
- Pool
- Yes
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
We are pleased to present 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.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 2
- Square feet
- 5,058
- Year built
- 1937
Exterior features
- Pool
- Yes
Utilities
- Heating
- Wall furnace
- Cooling
- Wall/window unit(s)
- Sewer
- Public sewer
Taxes
- Tax Annual Amount (2024)
- $34,557
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: MIAMI REALTORS MLS MLS®#: A11800214 Last checked: …
