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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.

Features
Wall/window Units
Wall/window Unit(s)
City Location
On Street, Shared Parking
Built-up
Public Sanitation
Address Map
FL
Broward County
Hollywood
33020
1621 Van Buren St # 11
0
W81° 51' 36.9''
N26° 0' 36''
Additional Info
Fausto Commercial Realty Consultants Inc
Elior Levi
Cbs Construction
1
3574869
FAUS01
All Cash, Owner Will Carry, Conventional/refinance
Sale
2
$34,557
Public
LT
05/12/2025 03:18:09
$0

    1621 Van Buren St # 11, Hollywood, Florida 33020

    1621 Van Buren St # 11, Hollywood, Florida 33020

    10,244 Sqft
    $2,300,000
    Listing ID #A11800225
    Basic Details
    Property Type : Commercial Sale
    Listing Type : For Sale
    Listing ID : A11800225
    Price : $2,300,000
    Year Built : 1925
    Lot Area : 10,244 Sqft
    Standard Status : Active
    Building Area : 5,058 Sqft
    MLS Status : Active
    Property Type : Income/multifamily
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