About 1621 Van Buren St 1-11
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 of 1621 Van Buren St 1-11
| MLS® # | A11800225 |
|---|---|
| USD | $2,300,000 |
| CAD | $3,158,475 |
| CNY | 元16,513,770 |
| EUR | €1,995,749 |
| GBP | £1,709,275 |
| RUB | ₽180,365,310 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1925 |
| Type | Business |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1621 Van Buren St 1-11 |
|---|---|
| Area | 3050 |
| City | Hollywood |
| County | Broward |
| State | FL |
| Zip Code | 33020-5146 |
Amenities
| Parking | On Street, Common |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace, Window Unit |
|---|---|
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Roof | Built-Up |
|---|---|
| Construction | Block |
Additional Information
| Date Listed | May 11th, 2025 |
|---|---|
| Days on Market | 19 |
| Parcel ID | 514215023380 |
Listing Details
| Office | Fausto Commercial Realty Consultants Inc |
|---|---|
| cfm@faustocommercial.com |