We Are Pleased 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.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
Heating Description: WallFurnace
Cooling Description: WallWindowUnits
Building and Construction
Floor Description: Other,Vinyl
Year Built: 1937
Year Built Description: Resale
Style: Fourplex
Waterfront and Water Access
Waterfront Frontage: No info
School Information
Other Property Info
Listing Date: 2025-05-11T23:24:29.000-00:00
Taxes, Fees & More
Taxes: 34557
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