Fausto Commercial is proud 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.
Property Details
Price:
$2,300,000
MLS #:
A11800225
Status:
Active
Beds:
0
Baths:
0
Address:
1621 Van Buren St # 11
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Hollywood
Listed Date:
May 11, 2025
State:
FL
Finished Sq Ft:
5,058
Total Sq Ft:
5,058
ZIP:
33020
Year Built:
1925
See this Listing
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Wall/ Window Units
Exterior
Construction Materials
C B S Construction
Parking Features
Shared Parking, On Street
Roof
Built- Up
Financial
Taxes
$34,557
Map
Community
- Address1621 Van Buren St # 11 Hollywood FL
- CityHollywood
- CountyBroward County
- Zip Code33020
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1621 Van Buren St # 11
Hollywood, FL
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