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Multi Family - HOLLYWOOD for Sale

1621 VAN BUREN ST, HOLLYWOOD, FL 33020

Asking Price$2,300,000

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  • Days on market:

    142 day(s)
  • Adjusted Area:

    5058 sqft
  • Original Price:

    $2,300,000
  • Price per sqft:

    $454.73
  • Tax Legal Description:

    HOLLYWOOD 1-21 B LOT 10,11 BLK 71
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Style:

    Fourplex
  • Construction Type:

    Cbs Construction
  • Roof:

    Built-Up
  • Cooling Description:

    Wall/Window Unit(s)
  • Heating Description:

    Window/Wall
  • Floor Description:

    OtherVinyl
  • Lot Features:

    Less Than 1/4 Acre Lot
  • Type of Association:

    None

Description

$2,300,000 • living size area 5058 sqft

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.

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