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$2,100,000
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Property Description
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.
Full Property Details
Full Property Details for 1621 Van Buren St #1-11
General
- Sold For: $2,100,000
- Taxes: $34,557
- Status: Closed
- Type: Apartment
- Source: Greater_Miami
- MLS ID: A11800225
- Added to Site: 252 day(s) ago
Business
- Business Type: Apartments
Parking
- Parking Features: Shared Parking, On Street
Location
- County: Broward County
Community
- Units Assoc/Comm: 11
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall/Window Units
Utilities
- Sewer: Public Sanitation
- Water: Public
Structural Information
- # Buildings: 2
- Detached/Attached: Detached
- Construction: CBS Construction
- Roof: Built-Up
- Stories/Levels: 2
- Building Size: 5058
- Current Bldg. Use: Income Non-Waterfront
- Year Built: 1925
Unit Information
- Units in Complex: 11
Lot Features
- Lot Size (Sq. Ft.): 10,244
- Lot Features: City Location
- Potential Use: Investment
- Zoning: LT
Financial Considerations
- Operating Expenses: $48,937
- Tax Amount: $34,557
- Terms: All Cash, Conventional/Refinance, Owner Will Carry
Disclosures and Reports
- Special Conditions: Sale
- Legal Description: HOLLYWOOD 1-21 B LOT 10, 11 BLK 71
- Property ID: 514215023380
Listed by Fausto Commercial Realty Consultants Inc
Sold by Compass Florida, LLC
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Schools
Schools serving 1621 Van Buren St #1-11
School District:Broward County School District
| Name | Grades | Distance |
|---|---|---|
Hollywood Central Elementary School 1700 Monroe Street, Hollywood, FL 33020 | K-5 | 0.2 mi |
Olsen Middle School 330 Southeast 11th Terrace, Dania Beach, FL 33004 | 6-8 | 1.8 mi |
South Broward High School 1901 North Federal Highway, Hollywood, FL 33020 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1621 Van Buren St #1-11
Date
Details
Price
Change
Source
12/18/2025
Sold
$2,100,000
-8.7%
MLS
5/11/2025
Listed
$2,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1621 Van Buren St #1-11, Hollywood, FL 33020 (MLS# A11800225) is a Apartment property that was sold at $2,100,000 on December 18, 2025. Want to learn more about 1621 Van Buren St #1-11? Do you have questions about finding other Apartment real estate for sale in Hollywood? You can browse all Hollywood real estate or contact a Coldwell Banker agent to request more information.

