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2306 VAN BUREN ST - NEW DEVELOPMENT 2306 Van Buren St 36 Unit Apartment Building $2,250,000 ($62,500/Unit) Hollywood, FL 33020
Investment Highlights
- Close to downtown Hollywood, healthy mix of 1, 2 and 3 bedroom units.
Executive Summary
Development opportunity for 36 large units. Healthy mix of 1,2, and 3 bedroom units. The sale includes approved plans by the city and a prepaid fee to the architect for construction documents.
Currently, the property has 9 units that generate around $8,000.00 per month.
Currently, the property has 9 units that generate around $8,000.00 per month.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$1,233,000
|
$35.31
|
| Other Income |
$35,080
|
$1.00
|
| Vacancy Loss |
$61,650
|
$1.77
|
| Effective Gross Income |
$1,206,430
|
$34.55
|
| Taxes |
$215,000
|
$6.16
|
| Operating Expenses |
$203,300
|
$5.82
|
| Total Expenses |
$418,300
|
$11.98
|
| Net Operating Income |
$788,130
|
$22.57
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $1,233,000 |
| Annual Per SF | $35.31 |
| Other Income | |
|---|---|
| Annual | $35,080 |
| Annual Per SF | $1.00 |
| Vacancy Loss | |
|---|---|
| Annual | $61,650 |
| Annual Per SF | $1.77 |
| Effective Gross Income | |
|---|---|
| Annual | $1,206,430 |
| Annual Per SF | $34.55 |
| Taxes | |
|---|---|
| Annual | $215,000 |
| Annual Per SF | $6.16 |
| Operating Expenses | |
|---|---|
| Annual | $203,300 |
| Annual Per SF | $5.82 |
| Total Expenses | |
|---|---|
| Annual | $418,300 |
| Annual Per SF | $11.98 |
| Net Operating Income | |
|---|---|
| Annual | $788,130 |
| Annual Per SF | $22.57 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Business Center
- Fitness Center
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | 684 |
| 1+2 | 12 | - | 868 |
| 2+2 | 3 | - | 1,153 |
| 3+2 | 6 | - | 1,202 |
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Walk Score®
Walker's Paradise (90)
Property Taxes
| Parcel Number | 51-42-16-01-2640 | Total Assessment | $1,182,820 (2025) |
| Land Assessment | $184,520 (2025) | Annual Taxes | $215,000 ($6.16/SF) |
| Improvements Assessment | $998,300 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
51-42-16-01-2640
Land Assessment
$184,520 (2025)
Improvements Assessment
$998,300 (2025)
Total Assessment
$1,182,820 (2025)
Annual Taxes
$215,000 ($6.16/SF)
Tax Year
2026
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2306 VAN BUREN ST - NEW DEVELOPMENT | 2306 Van Buren St
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