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1621 Van Buren St
Hollywood, FL 33020 Downtown Hollywood

$2,300,000 USD

Apartments For Sale  •  5,058 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,058 SF
  • Lot Size 0.24 AC
  • Building Class C
  • Year Built 1937
  • Cap Rate 6.47 %
  • Zoning LT
45 Transit Score
83 Walk Score

Highlights

Fully Occupied with a going in 6.5% Cap Rate! Rents can be raised to market rates to achieve 7+% Cap Rate!
Unit Mix: 10 Units are 1 Bed/1Bath and 1 Studio Unit
Steps Away from Young Circle, Shopping, Restaurants, Bars and Beaches, East of US-1 in Hollywood Lakes
Seller Financing available with only 30% Down! Very Attractive Terms
The property comes with a vacant 5k sqft lot!

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $164,640 USD (2025)
Cap Rate: 6.47 %
Total Expenses: $59,760 USD

Amenities

  • Laundry Facilities

Public Transportation

Commuter RailDriveWalkDistance
Hollywood (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 5 min - 2.2 mi
Sheridan Street (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 7 min - 3.3 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 13 min - 7.3 mi
Miami International 42 min - 25.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Elior Levi 954-743-7594 Fausto Commercial Realty Consultants
Elior Levi 954-743-7594 Fausto Commercial Realty Consultants