1711 Buchanan St, Hollywood, FL 33020
4 Unit Apartment Building Offered at $799,000 at a 6.97% Cap Rate in Hollywood, FL 33020
For Sale
Active
Asking Price $799,000
- Property Type
-
Multifamily
- Square Feet
- 1,561 SF
Listing Contacts
Elior Levi
Carlos Fausto Miranda
- Property Info
Property Overview
Best fourplex deal in East Hollywood! Introducing 1711 Buchanan St, an exceptional fourplex in the desirable Hollywood Lakes, East of US-1. This property features four 1-bed/1-bath units, all currently fully occupied and generating $5,200 a month in income, with potential for even more by adjusting rents to market rates. The property has one electric and water meter. Additionally, this property sits on an FH2 zoned lot, allowing for potential redevelopment of up to 22 residential units up to 14 stories high.
Property Details
- Year Built
- 1951
- Stories
- 1
- Units
- 4
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
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