Nest Seekers

22 unit multifamily investment opportunity just north of Downtown Hollywood !

2000 Buchanan Street
Hollywood, FL 33020

Listing

Web ID:5813023
Website:https://www.nestseekers.com/5813023

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.5 Acres

Financials

Price:$6,000,000
Annual Taxes:$2,879

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!
  • Multi-story exterior featuring a neutral-toned stucco facade, designated asphalt surface parking, and manicured green space
  • Multi-unit exterior featuring two-story modern architecture, exterior neutral-toned stucco siding, dedicated asphalt parking area, and landscaped grou
  • Multi-unit exterior featuring gray stone-veneer accents, paved parking area, gated pedestrian entrance, and manicured landscaping
  • Courtyard featuring a manicured lawn, stone-surfaced exterior walkways, mature palm trees, decorative white metal railings, and integrated stone seati
  • Interior space featuring wood-finish flooring, recessed ceiling accent lighting, a matte black multi-blade ceiling fan, and window blinds
  • Wood-finish flooring, recessed ceiling lighting, crown molding, and a central ceiling fan
  • Kitchen featuring wood-finish flooring, dark stone countertops, wood cabinetry, stainless steel appliances, and ceiling crown molding
  • Kitchen featuring wood cabinetry, stone-surface countertops, stainless steel appliances, and multi-format tile flooring
  • Wood-finish flooring, mirrored closet doors, ceiling fan with integrated lighting, and crown molding
  • Bathroom featuring a vanity with a stone-composite countertop, white tile tub surround, ceramic tile flooring, and a framed wall mirror
  • Utility room featuring jalousie windows, a deep basin sink, and resilient epoxy-coated flooring
  • Wood-finish tile flooring, neutral walls, crown molding, multi-blade ceiling fan with integrated light, and horizontal window blinds
  • Room featuring wood-finish flooring, a matte black ceiling fan with integrated lighting, crown molding, and floor-to-ceiling mirrored sliding closet d
  • Location Map. Displaying the proximity of the property to area infrastructure and transit points

Location

2000 Buchanan Hollywood FL 33020 USA

Contact

Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of RE/MAX 5 Star Realty