Van Buren Street Apartments is a two building, multifamily investment portfolio totaling 41-units, located in the
heart of Hollywood, Florida, which is in Broward County. One building was built in 1968 with reinforced concrete
and a concrete flat roof and the second building was built in 1988 with reinforced concrete and a built-up roof.
Combined, the assets sit on 1.72 acres of land.
The first building is located at 2401 Van Buren Street on the corner of Van Buren & South 24th Ave. The second
building is located at 2435 Van Buren Street. Properties are conveniently located east of I-95, a block away from
Hollywood City Hall, one block south of Hollywood Blvd., just west of Dixie Hwy., and Young Circle. The
neighborhood consists primarily of single family homes, condominiums and multi-family buildings of similar age
and construction as the subject property.
The investment opportunity consists of (2) two story buildings with a very attractive unit mix of (1) studio &
one-bathroom, (24) one-bedroom & one-bathroom, (4) one-bedroom & one and a half bathroom and (12)
two-bedroom & two-bathroom apartments totaling approximately 26,040 RSF. All units offer central air
conditioning and renovated units include new kitchen cabinets, modern appliances with stainless-steel appliance
packages and granite counter-tops in select units. Bathrooms renovations include new vanities, low flow toilets,
tubs, fixtures and new tile work. The properties offers on site amenities such as laundry facilities and ample
parking for tenants and their guests. Water, sewer and trash are included in the rent. Residents pay for all other
utilities.
Van Buren Street Apartments offers an investor the opportunity to purchase a well-located, re-positioned,
stabilized, turnkey asset where the current owner has made significant capital improvements in one of the most
desirable rental sub-markets of Hollywood near Downtown City Hall and Young Circle. In addition, the offering has
attractive in-place income with upside in rents and the potential for future redevelopment as the assets are near
several of the Hollywood CRA Districts in the City Core.
