1621 Van Buren St #1-11 ,Income Non-waterfront, Apartments for Sale

1621 Van Buren St #1-11 for Sale

Price $2,300,000.00

• Lot size 10244
• Year Build 1925
• Waterfront
• Zip 33020
• Style
• Parking Description Shared Parking, On Street
• Pool Yes
• Status Active

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.

HOLLYWOOD 1-21 B LOT 10,11 BLK 71

City Location

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.

City:Hollywood,Zoning:LT,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:26.0099953,Cooling Y N:1,Heating Y N:1,List Price:2300000,Listing Id:A11800225,Longitude:-80.1397575,Mls Status:Active,Year Built:1925,Postal Code:33020,Street Name:Van Buren St,Unit Number:1-11,Coordinates:1:26.0099953,Gross Income:201840,Photos Count:32,Days On Market:19,Listing Terms:1:Conventional/Refinance,2:Owner Will Carry,Lot Size Units:Square Feet,M I A M I R E_ Area:3050,On Market Date:2025-05-11,Parcel Number:514215023380,Property Type:Commercial Sale,Stories Total:2,Street Number:1621,Open Parking Y N:1,Public Remarks: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.,County Or Parish:Broward County,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:On Street,Postal Code Plus4:5146,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:34557,Unparsed Address:1621 Van Buren St # 11, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,Operating Expense:48937,Year Built Details:Resale,Building Area Total:5058,Building Area Units:Square Feet,Lot Size Square Feet:10244,Number Of Buildings:2,Original List Price:2300000,Public Survey Range:51,I D X Participation Y N:1,Net Operating Income:152903,Syndication Remarks: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.,Listing Contract Date:2025-05-11,Originating System I D:miamire,Public Survey Section:15,Showing Instructions:Call Listing Agent,Street Number Numeric:1621,Tax Legal Description:HOLLYWOOD 1-21 B LOT 10,11 BLK 71,Gross Scheduled Income:225600,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:.,Contract Status Change Date:2025-05-11,Internet Address Display Y N:1,Number Of Units In Community:11,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,