1621 Van Buren St # 11, Hollywood FL 33020,Hollywood,Broward County,Commercial Sale

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Commercial Sale Active

1621 Van Buren St # 11, Hollywood FL 33020

$2,300,000

Overview

Property ID: A11800225

Income/MultiFamily
Property Type

1925
Year Built

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.