1621 Van Buren St new Save Request In-Person Tour Request Virtual Tour
Hollywood,FL 33020
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,058 sqft
Price per Sqft $454
Subdivision Hollywood
MLS Listing ID A11800214
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1937
Annual Tax Amount $34,557
Tax Year 2024
Property Sub-Type Quadruplex
Property 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
State FL
County Broward
Community Hollywood
Area 3050
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Other,Vinyl
Exterior
Pool None
Utilities Available Cable Available
Roof Type Built-Up
Total Parking Spaces 4
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 514215023380
Acceptable Financing Cash,Conventional,Owner May Carry
Listing Terms Cash,Conventional,Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11800214