Hollywood, FL 33020 1621 Van Buren St
$2,300,000
25 more
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc;
Beds • 12
Baths • 12
SQFT • 5,058
Home Details
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.
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc;
Interior Features for 1621 Van Buren St
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringOther, Vinyl
Heating Y/NYes
General for 1621 Van Buren St
Additional Parcels Y/NNo
Architectural StyleFourplex
Attached Garage No
Carport Y/NNo
CityHollywood
Construction MaterialsBlock
CoolingWallWindowUnits
CountyBroward
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionHOLLYWOOD 1-21 B LOT 10, 11 BLK 71
LevelsTwo
Listing TermsCash, Conventional, OwnerMayCarry
Lot Size UnitsSquareFeet
MLS Area3050
MLS Area MinorHollywood East (3010-3050)
MobileHomeRemainsYNNo
Net Operating Income152903.0
New ConstructionNo
Occupancy TypeTenant
Operating Expense48937.0
Pool FeaturesNone
PossessionClosingAndFunding
PostalCityHollywood
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Rent IncludesGardener, Sewer, TrashCollection, Water
RoofBuiltUp
Senior Community Y/NNo
SewerPublicSewer
Showing InstructionsCall Listing Agent
Standard StatusActive
StatusActive
Stories2
Subdivision NameHOLLYWOOD
Tax Annual Amount34557.0
Tax Year2024
Total Actual Rent201840.0
UtilitiesCableAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built1937
Year Built DetailsResale
Zoning DescriptionLT
Exterior for 1621 Van Buren St
Building Area Total5058.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLessThanQuarterAcre
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking4.0
Additional Details
Price History
Asenaht Martinez
Realtor®
