1711 Buchanan St - Apartments FOR SALE


Hollywood, FL 33020- Downtown Hollywood
$799,000 USD
954-743-7594
1711 Buchanan St, Hollywood, FL for Sale
$799,000 USD
Apartments - FOR SALE
1/11
null | 6.97% Cap Rate

1711 Buchanan St
Hollywood, FL 33020
Downtown Hollywood


HIGHLIGHTS

  • All units are 1 Bed/1 Bath
  • Monthly Income is $5200 with Upside by Increasing to Market Rates
  • East of US-1 in Hollywood Lakes just a Few Minutes Away from Young Circle and the Beach
  • Desirable FH2 zoned lot, allowing for potential redevelopment of up to 22 residential units up to 14 stories high

OVERVIEW

Best fourplex deal in East Hollywood! Introducing 1711 Buchanan St, an exceptional fourplex in the desirable Hollywood Lakes, East of US-1. This property features four 1-bed/1-bath units, all currently fully occupied and generating $5,200 a month in income, with potential for even more by adjusting rents to market rates. The property has one electric and water meter. Additionally, this property sits on an FH2 zoned lot, allowing for potential redevelopment of up to 22 residential units up to 14 stories high.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$512 USD /SF

# OF UNITS

4

PRICE/UNIT

$199,750

CAP RATE

6.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,400 SF

ZONING

FH-2

APN/PARCEL ID

51-42-15-02-0340

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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