2000 Buchanan St, Hollywood, FL 33020
- $6,000,000
- List Price
- $6,000,000
- MLS#
- A12109921
- Status
- ACTIVE
- Type
- Commercial
Property Description
22-unit multifamily investment opportunity just north of Downtown Hollywood! Offered at $6,000,000, this property features 14 one-bedroom and 8 two-bedroom apartments totaling approximately 14,550 SF of rentable unit area. The majority of unit interiors have been renovated, with updated flooring, lighting, ceiling fans, and select upgraded kitchens. Property features a gated landscaped courtyard, outdoor seating, on-site coin laundry, and off-street parking. Currently 72.7% occupied with 16 of 22 units leased, generating $346,752 in annualized rental income. Significant value-add potential through leasing six vacant units and bringing rents to projected market levels. Pro forma NOI of $312,063 and projected 5.20% cap rate. Conveniently located near Downtown Hollywood, Young Circle, University Station, Hollywood Beach, US-1, and I-95. Excellent opportunity in a growing South Florida market!
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Additional Information
- Days on Market
- 9
- Tax Amount
- $2,879
- Parcel Number
- 514215NN0010
- Lot Size
- 20,500
- Address
- 2000 Buchanan St, Hollywood
- Year Built
- 1962
- Section
- 15
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Listing Courtesy of RE/MAX 5 Star Realty, Contact: