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!
- State:
- FL
- County:
- Broward
- City:
- Hollywood
- Zipcode:
- 33020
- Street:
- 2000 Buchanan St, Hollywood, Florida 33020
- Longitude:
- W81° 51' 10''
- Latitude:
- N26° 1' 0.9''
- Building Area:
- 14,550 Sqft
- Cumulative DOM:
- 4
- DOM:
- 4
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Parcel Number:
- 514215NN0010
- Structure Type:
- Apartment
- Tax Annual Amount:
- $2,879
Commercial Sale For Sale
2000 Buchanan St, Hollywood, Florida 33020, Hollywood, Florida 33020
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $6,000,000
- Year Built :
- 1962
- Lot Area :
- 20,500 Sqft
- MLS # :
- A12109921
