15
$6,000,000 Sale
Listed 14 hours ago
2000 Buchanan St
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Key Facts
Key facts for 2000 Buchanan St
Property Type
Apartment, Unspecified
Parking
-
MLS #
A12109921
Size
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Basement
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Listed on
-
Lot size
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Tax
$2,879 /yr
Days on Market
-
Year Built
1962
Maintenance Fee
-
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, li...ghting, 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!
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Listing courtesy of: RE/MAX 5 Star Realty