Basic Information
- MLS # A11800214
- Type Quadruplex
- Status Active
- Subdivision/Complex Hollywood
- Year Built 1937
- Total Sqft 5,058
- Date Listed 05/12/2025
- Days on Market
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
- Roof Description Built Up
- Style Quadruplex
Interior Features
- Adjusted Sqft 5,058Sq.Ft
- Cooling Description Wall Window Units
- Floor Description Other, Vinyl
- Heating Description Wall Furnace
- Sqft 5,058 Sq.Ft
Property Features
- Address 1621 Van Buren St
- Aprox. Lot Size 5,058
- Architectural Style Fourplex
- City Hollywood
- Construction Materials Block
- County Broward
- Furnished Info no
- Levels Two
- Listing Terms Cash, Conventional, Owner May Carry
- Lot Features Less Than Quarter Acre
- Occupant Type Tenant
- Pool Features None
- Possession Closing And Funding
- Postal City Hollywood
- Public Survey Section Two
- Roof Built Up
- Sewer Description Public Sewer
- Stories 2
- HOA Fees $0
- Subdivision Complex
- Subdivision Info Hollywood
- 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 2024
- Terms Considered Cash, Conventional, Owner May Carry
- Type of Property Quadruplex
- Year Built Details Resale
1621 Van Buren St
Hollywood, FL 33020Similar Properties For Sale
-
$2,865,0005 Beds7.5 Baths5,892 Sq.Ft16836 Strasbourg Ln, Delray Beach, FL 33446 -
$2,858,5165 Beds6.5 Baths5,322 Sq.Ft9148 Coral Isle Cir #{Lot 13}, Palm Beach Gardens, FL 33412 -
$2,850,0005 Beds4.5 Baths5,608 Sq.Ft6150 Paradise Pt Dr #6150, Palmetto Bay, FL 33157 -
$2,850,0000 Beds0 Baths5,426 Sq.Ft1150 8th St, Miami Beach, FL 33139 -
$2,850,0000 Beds0 Baths5,500 Sq.Ft3909 Garden Ave, Miami Beach, FL 33140 -
$2,850,0005 Beds4.5 Baths5,155 Sq.Ft13406 Doubletree Cir, Wellington, FL 33414 -
$2,850,0005 Beds4.5 Baths5,120 Sq.Ft14050 Farmer Rd, Palmetto Bay, FL 33158 -
$2,850,0007 Beds7 Baths6,000 Sq.Ft8820 SW 104th St, Miami, FL 33176 -
$2,850,0006 Beds7.5 Baths5,393 Sq.Ft17086 Watersprite Lks Rd, Boca Raton, FL 33496 -
$2,849,9995 Beds6.5 Baths5,272 Sq.Ft17334 Pavaroso St, Boca Raton, FL 33496
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
