1621 Van Buren St, Hollywood, FL 33020 - MLS#A11800214

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Kate Zhurko

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kate.zhurko@compass.com +1(954) 734-5980

$2,300,000

Est. payment - /mo

5,058 SqFt

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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

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Listed by Fausto Commercial Realty Consultants Inc

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Kate Zhurko

+1(954) 734-5980

Broker Associate | License ID: 3229050

Broker Associate License ID: 3229050

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1621 Van Buren St Hollywood, FL 33020

Kate Zhurko

Key Details

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Exterior

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