Hollywood, FL 33020 1621 Van Buren St 1-11
$2,300,000
27 more
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc;
Beds • 11
Baths • 11
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 1-11
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
General for 1621 Van Buren St 1-11
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityHollywood
Construction MaterialsBlock
CoolingWallWindowUnits
CountyBroward
Electric On Property Y/NNo
Garage Y/NNo
Gross Income201840.0
HOANo
HeatingWindowUnit, WallFurnace
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 Square Feet10244.0
Lot Size UnitsSquareFeet
MLS Area3050
MobileHomeRemainsYNNo
Net Operating Income152903.0
New ConstructionNo
Number Of Units Total11
Occupancy TypeTenant
PossessionClosingAndFunding
PostalCityHollywood
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
RoofBuiltUp
Senior Community Y/NNo
SewerPublicSewer
Showing InstructionsCall Listing Agent
Standard StatusActive
StatusActive
Stories2
Structure TypeApartment
Tax Annual Amount34557.0
Unit Number1-11
Virtual TourClick here
Waterfront Y/NNo
Year Built1925
Year Built DetailsResale
Zoning DescriptionLT
Exterior for 1621 Van Buren St 1-11
Building Area Total5058.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Area10244.0
Number of Buildings2
Number of Separate Electric Meters10
Open Parking Y/NNo
Parking FeaturesCommon, OnStreet
Private PoolNo
SpaNo
Water SourcePublic
Additional Details
Price History
Jose Enrique Salas Velasquez
Realtor®
