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Multifamily

Brightside Apartments

2815 Van Buren St, Hollywood, FL 33020

Listing Price: $980,000

Cap Rate
5.73%
Number of Units
7
GRM
9.66
Occupancy
95.0%
Price/Unit
$140,000
Price/Gross SF
$183.55
Gross SF
5,339

Investment Overview

Marcus & Millichap is pleased to offer for sale Brightside Apartments, a seven-unit property located on Van Buren Street which is two blocks south of Hollywood Boulevard and just east of Interstate-95. The property was constructed in 1952 of concrete block with painted stucco exterior and the building is situated on a 0.46-acre lot. The property is comprised of six, one bedroom/one-bathroom units which are approximately 550 square feet in one building and a separate single-family home which is a three bedroom/two-bathroom that is approximately 2,039 square feet.

Hollywood is home to the Hollywood International Airport, the only international airport serving Broward County. The airport is situated in the northern portion of the city and provides national and international travel. Hollywood is also located in close proximity to Port Everglades, which is recognized as a hub for north-south trade with growing Latin American and Caribbean markets.
The property is being offered for sale at $980,000 which equates to $140,000 per unit or a 5.73% Cap Rate on the current numbers and a Pro Forma 6.45% Cap Rate.

Investment Highlights

  • Close Proximity to Downtown Hollywood/Young Circle
  • Highly Desirable East Hollywood Rental Market
  • Detached Single Family Residence Included
  • Near Major Highways and Thoroughfares

Exclusively Listed By

Listing Price: $980,000

Cap Rate
5.73%
Number of Units
7
GRM
9.66
Occupancy
95.0%
Price/Unit
$140,000
Price/Gross SF
$183.55
Gross SF
5,339

Investment Highlights

  • Close Proximity to Downtown Hollywood/Young Circle
  • Highly Desirable East Hollywood Rental Market
  • Detached Single Family Residence Included
  • Near Major Highways and Thoroughfares

Investment Overview

Marcus & Millichap is pleased to offer for sale Brightside Apartments, a seven-unit property located on Van Buren Street which is two blocks south of Hollywood Boulevard and just east of Interstate-95. The property was constructed in 1952 of concrete block with painted stucco exterior and the building is situated on a 0.46-acre lot. The property is comprised of six, one bedroom/one-bathroom units which are approximately 550 square feet in one building and a separate single-family home which is a three bedroom/two-bathroom that is approximately 2,039 square feet.

Hollywood is home to the Hollywood International Airport, the only international airport serving Broward County. The airport is situated in the northern portion of the city and provides national and international travel. Hollywood is also located in close proximity to Port Everglades, which is recognized as a hub for north-south trade with growing Latin American and Caribbean markets.
The property is being offered for sale at $980,000 which equates to $140,000 per unit or a 5.73% Cap Rate on the current numbers and a Pro Forma 6.45% Cap Rate.

Exclusively Listed By

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