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1711 Buchanan St
Hollywood, FL 33020 Downtown Hollywood

$799,000 USD

Apartments For Sale  •  1,561 SF

Property Details

  • Property Type Apartments
  • Total Building Size 1,561 SF
  • Lot Size 0.12 AC
  • Building Class C
  • Year Built 1951
  • Cap Rate 6.97 %
  • Zoning FH-2
50 Transit Score
60 Walk Score

Highlights

All units are 1 Bed/1 Bath
Monthly Income is $5200 with Upside by Increasing to Market Rates
East of US-1 in Hollywood Lakes just a Few Minutes Away from Young Circle and the Beach
Desirable FH2 zoned lot, allowing for potential redevelopment of up to 22 residential units up to 14 stories high

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $55,700 USD (2024)
Cap Rate: 6.97 %
Total Expenses: $22,900 USD

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 - 2.7 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 13 min - 6.2 mi
Miami International 42 min - 25.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: Surface
Included in Rent: Yes
Elior Levi 954-743-7594 Fausto Commercial Realty Consultants
Elior Levi 954-743-7594 Fausto Commercial Realty Consultants