Basic Information
- MLS # A11800225
- Type Commercial
- Year Built 1925
- Total Sqft 10,244
- Date Listed 05/11/2025
- Days on Market 41
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.
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- Parking Description Common, On Street
Interior Features
- Adjusted Sqft 10,244Sq.Ft
- Sqft 10,244 Sq.Ft
Property Features
- Aprox. Lot Size 10,244
- Furnished Info No
- Short Sale Regular Sale
- Subdivision Complex
- Subdivision Info
- Tax Amount $34,557
- Tax Year 0
1621 Van Buren St #1-11
Hollywood, FL 33020Similar Properties For Sale
The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc. tel: 305-431-2258
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