Sold

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.

Listed byFausto Commercial Realty Consultants Inc
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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

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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:

Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.