2314 Polk St new Save Request In-Person Tour Request Virtual Tour
Hollywood,FL 33020
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,632 sqft
Price per Sqft $379
MLS Listing ID A11847110
Construction Status Resale
HOA Y/N No
Year Built 1972
Lot Size 0.470 Acres
Acres 0.47
Property Sub-Type Multi Family
Property Description
We are pleased to present 2314 Polk St, a fully occupied 13-unit multifamily asset just minutes from Young Circle and Downtown Hollywood. The property features ten 1-bed units, two 2-bed units, and one studio—offering strong rental stability and demand. Recent upgrades include a new roof, central A/C, exterior paint, landscaping, and several renovated interiors. Additional income comes from coin laundry, and there is ample on-site parking. All leases are month-to-month with rents \~33% below market, allowing immediate upside. The property operates at a 5.5% cap rate with a 7% pro forma. Sitting on a 20,000 SF lot with favorable zoning, the site allows redevelopment of up to 37 units—making this a prime opportunity for investors and developers.
Location
State FL
County Broward
Area 3050
Interior
Heating Central
Cooling Other,Central Air
Flooring Ceramic Tile,Other,Tile,Vinyl
Exterior
Roof Type Shingle
Private Pool Yes
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 514216013280
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11847110