1621 Van Buren St
$2,300,000
1621 Van Buren St, Hollywood, FL 33020
152,903
NOI
5,058 sqft
Building Size
Details:
Highlights:
- Lot Features: City Location
- Gross Income: 201840
- Number Of Buildings: 2
- Cooling: Wall/Window Unit(s)
- Heating: Wall/Window Units
- Construction Materials: CBS Construction
- Parking Features: Shared Parking, On Street
Description:
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.
Location
Gallery
