2000 Buchanan St
2000, Buchanan St, Hollywood, FL, 33020Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Lot size: 20500, 20500 sq ft
- Year built: 1962
- County: Broward
- MLS ID: A12109921
Description
-
Description:
BONNIE VILLA APTS CO-OP UNIT 1 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!
Show all description
Building Details
- Structure Type: Apartment
- Covered Spaces: 0
Expenses, Fees & Taxes
- Tax Annual Amount: $2,879
Miscellaneous
- List Office Name: RE/MAX 5 Star Realty
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in 2000, Buchanan St, Hollywood, FL, 33020 was built in 1962, and is listed at $6,000,000.