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$2,300,000

Est. payment - /mo

5,058 SqFt

Active

1621 Van Buren St #1-11 Hollywood, FL 33020

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Sammy Hernandez

sammysellsmiami@gmail.com +1(786) 203-8671

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,058 sqft

Price per Sqft $454

MLS Listing ID A11800225

Construction Status Resale

HOA Y/N No

Year Built 1925

Annual Tax Amount $34,557

Lot Size 10,244 Sqft

Property Sub-Type Multi Family

Property Description

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

State FL

County Broward

Area 3050

Interior

Heating Window Unit, Wall Furnace

Cooling Wall/Window Unit(s)

Exterior

Roof Type Built-Up

Private Pool Yes

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block

Construction Status Resale

Others

Tax ID 514215023380

Acceptable Financing Cash, Conventional, Owner May Carry

Listing Terms Cash, Conventional, Owner May Carry

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11800225

Listed by Fausto Commercial Realty Consultants Inc

+1(786) 203-8671

sammysellsmiami@gmail.com

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