We are pleased 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.
Accepting backups
$2,300,000
1621 Van Buren St, Hollywood, FL 33020
12beds
12baths
5,058sqft
Est.:
Quadruplex
Built in 1937
-- sqft lot
$-- Zestimate®
$455/sqft
$-- HOA
What's special
New roofDedicated parking
- 189 days |
- 48 |
- 0 |
- Loading