About 1621 Van Buren St 1-11
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.
Features of 1621 Van Buren St 1-11
| MLS® # | A11800225 |
|---|---|
| Price | $2,300,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1925 |
| Type | Commercial |
| Sub-Type | Multi Family |
| Status | Active Under Contract |
Community Information
| Address | 1621 Van Buren St 1-11 |
|---|---|
| Area | 3050 |
| City | Hollywood |
| County | Broward |
| State | FL |
| Zip Code | 33020-5146 |
| HOPA | No Hopa |
Amenities
| Parking | On Street, Common |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace, Window Unit |
|---|---|
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Roof | Built-Up |
|---|---|
| Construction | Block |
Listing Details
| Office | Fausto Commercial Realty Consultants Inc |
|---|