#RX-11079513, John Roddy, Listing Office: Serhant
1621 Van Buren St Hollywood, FL 33020
Property details
About 1621 Van Buren St
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.
Highlights
Virtual tour
Summary
- Flooring Type: Other, Vinyl
- Architectural Style: Fourplex
- Heating: Wall Furnace
- Cooling: Wall/Window Unit(s)
- List Price: $2,300,000
- Price/SqFt: $454
- Annual Tax Amount: $30,859
- Tax Year: 2023
- Year Built: 1937
- Stories: 2
- Living Area: 5,058 SqFt
- MLS Number: A11800214
- MLS Name: SEFMIAMI
- Office Name: Fausto Commercial Realty Consultants Inc
- Office Phone: (954) 743-7594
- Office Email: cfm@faustocommercial.com
- Listing Agent: Elior Levi
© 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2025, 1:20:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,300,000
1621 Van Buren St
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $1,361,730 | $30,859 |
2022 | $1,137,300 | $27,180 |
2021 | $1,067,000 | $27,180 |
2020 | $1,127,990 | $25,821 |
2019 | $1,281,810 | $28,766 |
2018 | $1,214,360 | $25,449 |
2017 | $1,103,970 | $25,449 |
History based on county public records data.
Nearby schools
9
Hollywood Academy of Arts & Science
Public Charter KG-5
0.1 mi
•1705 Van Buren St
3
Hollywood Central Elementary School
Public District KG-5
0.2 mi
•1700 Monroe St
7
Avant Garde Academy K-5 Broward
Public Charter KG-5
1.2 mi
•2025 McKinley St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $51,956. Most Hollywood, FL residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
Similar homes for sale
This home is located at 1621 Van Buren St in Hollywood, FL and zip code 33020 in the Central Business District neighborhood. This 5,058 square foot home was built in 1937. Features: 0 bathroom. It has been listed on Rocket Homes since May 12, 2025 and is currently priced at $2,300,000.
Over 7 listings were sold over their listed price in April 2025 in Hollywood, FL. In the same period over 88 listings were sold below the listed price and 28 listings were sold for the listed price. The number of homes for sale in Hollywood, FL increased by 7.1% between March and April 2025. Listings spent 74 days on the market in April 2025, and had a median list price of $495,654 during the same period.