Basic Information

  • MLS # A11800225
  • Type Multi Family
  • Status Active
  • Year Built 1925
  • Total Sqft 10,244
  • Date Listed 05/12/2025
  • Days on Market
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.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description Common, On Street
  • Roof Description Built Up
  • Style Multi Family

Interior Features

  • Adjusted Sqft 10,244Sq.Ft
  • Cooling Description Wall Window Units
  • Heating Description Window Unit, Wall Furnace
  • Sqft 10,244 Sq.Ft

Property Features

  • Address 1621 Van Buren St #1-11
  • Aprox. Lot Size 10,244
  • City Hollywood
  • Construction Materials Block
  • County Broward
  • Furnished Info no
  • Levels Two
  • Listing Terms Cash, Conventional, Owner May Carry
  • Occupant Type Tenant
  • Parking Features Common, On Street
  • Possession Closing And Funding
  • Postal City Hollywood
  • Public Survey Section Two
  • Roof Built Up
  • Sewer Description Public Sewer
  • Stories 2
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $34,557
  • Tax Legal desc H O L L Y W O O D1-21 B L O T10,11 B L K71
  • Tax Year 0
  • Terms Considered Cash, Conventional, Owner May Carry
  • Type of Property Multi Family
  • Water Source Public
  • Year Built Details Resale

1621 Van Buren St #1-11

Hollywood, FL 33020

Similar 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: 954-743-7594

Real Estate IDX Powered by: TREMGROUP