Multifamily Property – 5,058 sq ft in Hollywood, FL – Well-Maintained 11-Unit Building
Commercial Sale
Category: Multifamily
Price:$2,300,000
Location: Hollywood, FL
Year Built: 1925
Days on Market: 76
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.
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Listing Code: 1113100488