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2306 VAN BUREN ST - NEW DEVELOPMENT 2306 Van Buren St 36 Unit Apartment Building $3,116,047 CAD ($86,557 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,707,594
|
$48.90
|
| Other Income |
$48,583
|
$1.39
|
| Vacancy Loss |
$85,380
|
$2.45
|
| Effective Gross Income |
$1,670,797
|
$47.85
|
| Taxes |
$297,756
|
$8.53
|
| Operating Expenses |
$281,552
|
$8.06
|
| Total Expenses |
$579,308
|
$16.59
|
| Net Operating Income |
$1,091,489
|
$31.26
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,707,594 |
| Annual Per SF | $48.90 |
| Other Income (CAD) | |
|---|---|
| Annual | $48,583 |
| Annual Per SF | $1.39 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $85,380 |
| Annual Per SF | $2.45 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,670,797 |
| Annual Per SF | $47.85 |
| Taxes (CAD) | |
|---|---|
| Annual | $297,756 |
| Annual Per SF | $8.53 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $281,552 |
| Annual Per SF | $8.06 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $579,308 |
| Annual Per SF | $16.59 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,091,489 |
| Annual Per SF | $31.26 |
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 |
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 51-42-16-01-2640 | Total Assessment | $1,660,395 CAD (2025) |
| Land Assessment | $259,022 CAD (2025) | Annual Taxes | $297,756 CAD ($8.53 CAD/SF) |
| Improvements Assessment | $1,401,374 CAD (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
51-42-16-01-2640
Land Assessment
$259,022 CAD (2025)
Improvements Assessment
$1,401,374 CAD (2025)
Total Assessment
$1,660,395 CAD (2025)
Annual Taxes
$297,756 CAD ($8.53 CAD/SF)
Tax Year
2026
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2306 VAN BUREN ST - NEW DEVELOPMENT | 2306 Van Buren St
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