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2306 Van Buren St 36 Unit Apartment Building $2,000,000 ($55,556/Unit) Hollywood, FL 33020
Investment Highlights
- Approved plans for a 36-unit multifamily development with a balanced unit mix.
- Located approximately 3 minutes from Downtown Hollywood and Young Circle.
- Currently income-producing with month-to-month tenants, offering redevelopment flexibility.
- DH-2 zoning allows for multifamily, mixed-use, retail, and professional services.
- Excellent regional connectivity to I-95, Fort Lauderdale–Hollywood International Airport, and major employment hubs.
Executive Summary
This offering represents a rare infill development opportunity in the heart of Hollywood, Florida. The property at 2306 Van Buren Street is zoned DH-2 and includes approved plans for a 36-unit multifamily project, making it an attractive option for developers seeking to capitalize on strong rental demand in a rapidly growing urban corridor.
The site spans approximately 24,135 square feet and is currently occupied with month-to-month tenants, providing interim income while preserving redevelopment flexibility. The approved plans feature a balanced unit mix of one-, two-, and three-bedroom layouts, supporting a wide range of tenant profiles.
Positioned just minutes from Downtown Hollywood and Young Circle, the property offers excellent connectivity to major demand drivers, including Fort Lauderdale–Hollywood International Airport, Port Everglades, and the region’s employment centers. With permitted uses that include multifamily residential, mixed-use, ground-floor retail, and professional services, the site provides exceptional versatility for future development.
The site spans approximately 24,135 square feet and is currently occupied with month-to-month tenants, providing interim income while preserving redevelopment flexibility. The approved plans feature a balanced unit mix of one-, two-, and three-bedroom layouts, supporting a wide range of tenant profiles.
Positioned just minutes from Downtown Hollywood and Young Circle, the property offers excellent connectivity to major demand drivers, including Fort Lauderdale–Hollywood International Airport, Port Everglades, and the region’s employment centers. With permitted uses that include multifamily residential, mixed-use, ground-floor retail, and professional services, the site provides exceptional versatility for future development.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$1,268,080
|
$198.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,268,080
|
$198.79
|
| Taxes |
$215,000
|
$33.70
|
| Operating Expenses |
$264,950
|
$41.53
|
| Total Expenses |
$479,950
|
$75.24
|
| Net Operating Income |
$788,130
|
$123.55
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $1,268,080 |
| Annual Per SF | $198.79 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,268,080 |
| Annual Per SF | $198.79 |
| Taxes | |
|---|---|
| Annual | $215,000 |
| Annual Per SF | $33.70 |
| Operating Expenses | |
|---|---|
| Annual | $264,950 |
| Annual Per SF | $41.53 |
| Total Expenses | |
|---|---|
| Annual | $479,950 |
| Annual Per SF | $75.24 |
| Net Operating Income | |
|---|---|
| Annual | $788,130 |
| Annual Per SF | $123.55 |
Property Facts
| Price | $2,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $55,556 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Sale Condition | Redevelopment Project | Building Size | 6,379 SF |
| No. Units | 36 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1949 |
| Zoning | RM-18, DH-2 - Multifamily 18 plus units, Multi purpose commercial use; multifamily, residential, retail, office, etc. | ||
| Price | $2,000,000 |
| Price Per Unit | $55,556 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 6,379 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1949 |
| Zoning | RM-18, DH-2 - Multifamily 18 plus units, Multi purpose commercial use; multifamily, residential, retail, office, etc. |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Security System
- Oven
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | $2,500 | - |
| 1+1 | 12 | $2,750 | - |
| 2+2 | 3 | $3,350 | - |
| 3+2 | 6 | $3,700 | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 51-42-16-01-2640 | Total Assessment | $1,182,820 (2026) |
| Land Assessment | $184,520 (2026) | Annual Taxes | $215,000 ($33.70/SF) |
| Improvements Assessment | $998,300 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
51-42-16-01-2640
Land Assessment
$184,520 (2026)
Improvements Assessment
$998,300 (2026)
Total Assessment
$1,182,820 (2026)
Annual Taxes
$215,000 ($33.70/SF)
Tax Year
2025
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2306 Van Buren St
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