• Listing status icon

    $3,500,000

  • Active-Available | MLS#: A10080042
  • 0.16Acre

324 Van Buren St 20 Hollywood, FL 33019

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Overview

Fantastic opportunity for rental income or redevelopment. 16 Room Motel plus adjacent 2 story 4 plex. Both currently operating as long term rental units. Fully occupied. All rents are well below market. Huge add value to operator who would utilize the motel license and rent short term to potentially double the existing cap rate. 4-Plex consists of 2 1/1s and 2 2/1s also fully occupied with long term tenants. Hollywood Beach/Van Buren Street

Listing provided courtesy of: Wharton Realty Group, LLC

General Features

  • County Broward County
  • Property Type Commercial/Industrial
  • Style of Property Income Waterfront
  • Terms Considered All Cash, Conventional/Refinance, Owner Will Finance
  • Information Available Other Information
  • Improvement Height 2 Stories
  • Parking Description Other Parking
  • # of Parking Spaces 12
  • Tax Year 2015
  • Tax Amount $7,914
  • Listing Status Active-Available
  • Property SqFt 7,184
  • Location of Property Beach Access
  • Sale Includes Building and Land, Business, Fixtures
  • Short Sale No
  • REO No

Building Features

  • Construction Type Cbs Construction, Other Construction
  • Roof Description Other Roof
  • Floor Description Tile Floors
  • Cooling Description Central Individual A/C, Other, Wall/Window Units
  • Heating Description No Air Conditioning, Other
  • Year Built 1954
  • # of Units 20
  • # of Stories 2
  • Type of Building Hotel/Motel,Residential-Multi-Family

Property Features

  • Buildings 2
  • Electric Service 110 Volts, 220 Volts
  • Waterfront Descriptions Ocean Access
  • Water Description Public Water
  • Sewer Description Public Sanitation
  • Environmental Audit Unknown
  • Lease Term Info 1 To 3 Year Lease
  • Gross Scheduled Income $274,800
  • Maintenence Includes A/C & Heating Maintenance

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Price & Status History

Days on Market

  • This property has been listed on the market for 445 days
  • Average days-on-market for homes between $2,800,000 - $4,200,000 = 248 (in zip code 33019)

Location

The property map location is: Accurate, based on Google's address match.

Walk Score

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Home Valuation

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Community Demographics for Zip Code 33019 (Hollywood)

Housing Occupancy
  • Home Owners: 5,243 (40%)
  • Renters: 2,318 (17%)
  • Vacant: 5,710 (43%)
  • Total Housing Units: 13,271
Households
  • Average Household Size: 2.01
  • Housing Density (People per square mile): 3,876
Age Range (number of people)
  • Age 0-14: 1,837
  • Age 15-24: 1,310
  • Age 25-39: 1,749
  • Age 40-59: 4,061
  • Age 60-79: 4,322
  • Age 80+: 1,991
  • Total: 15,270

* All numbers in this section are 2016 projections provided by Geolytics Inc

School Information for 33019 (Hollywood)

Private Schools in Zip Code 33019 (Hollywood)

* This list of schools may not match the property above.

Nowlin Ocean View Private School 321 Arizona St. Hollywood, FL 33019 Phone: 9549272951 PreK-12th
Grade Size Distribution
  • 7th: 4
  • 8th: 6
  • 9th: 6
  • 10th: 6
  • 12th: 2
School Population
  • Teachers: 0
  • Students per Teacher: N/A
  • Students: 24

* School data provided by US Department of Education


All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than individual consumer's use.

* Rates and payment information listed in the mortgage calculator are provided as for general reference only. Specific mortgage information should be verified with a qualified lending professional