Income/MultiFamily · Commercial Sale
2000 Buchanan St, Hollywood FL 33020
Hollywood, FL, 33020
$6,000,000
Presented by Parvani Commercial Group, Inc.
About This Property
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!
Property Details
- Property Type
- Income/MultiFamily
- Status
- Active
- MLS #
- A12109921
- Building Area
- 14,550 SF
- Lot Size
- 20,500 SF
- Year Built
- 1962
- Zoning
- DH-3
- Days on Market
- 4
- Price
- $6,000,000