1621 Van Buren St - Apartments FOR SALE


Hollywood, FL 33020- Downtown Hollywood
$2,300,000 USD
954-743-7594
1621 Van Buren St, Hollywood, FL for Sale
$2,300,000 USD
Apartments - FOR SALE
1/31
null | 6.47% Cap Rate

1621 Van Buren St
Hollywood, FL 33020
Downtown Hollywood


HIGHLIGHTS

  • Fully Leased: Immediate income with stable cash flow and zero vacancy risk.
  • Recent Renovations: Modern updates enhance appeal and tenant satisfaction.
  • Value-Add Potential: Room to increase income through strategic improvements or rent adjustments.
  • Prime location – highly desirable Hollywood Lakes, prized for charm, water views, and walkability.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$455 USD /SF

# OF UNITS

11

PRICE/UNIT

$209,091

CAP RATE

6.47%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Van Buren Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,245 SF

ZONING

RMTCRA, Hollywood

APN/PARCEL ID

51-42-15-02-3380

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.