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. Re

2314 POLK ST, Hollywood

$2,900,000 USD
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      Address2314 POLK ST, Hollywood
      Type of PropertyIncome / MultiFamily
      Type of BusinessApartments
      Business LocationCity Location
      Price$2,900,000
      Property StatusActive
      MLS NumberA11847110
      Property Size20501
      Lot Size20501
      Year Built1972
      Folio Number514216013280
      Zoning InformationTC-1
      Days on Market17

      Detailed 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 sq.ft lot with favorable zoning, the site allows redevelopment of up to 37 units—making this a prime opportunity for investors and developers.

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      Address Information
      StateFlorida
      CityHollywood
      CountyBroward County
      Zip Code33020
      Address2314 POLK ST
      Business LocationCity Location
      Section16
      Zip Code (4 Digits)6757
      Financial Information
      Price$2,900,000
      Price per Foot$0
      Folio Number514216013280
      Possession InformationFunding
      Full Descriptions
      Detailed DescriptionWe 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 sq.ft lot with favorable zoning, the site allows redevelopment of up to 37 units—making this a prime opportunity for investors and developers.
      Year Built DescriptionResale
      Roof DescriptionShingle
      Floor DescriptionCeramic Floor, Other, Tile, Vinyl
      Cooling DescriptionCentral Individual A / C, Other
      Heating DescriptionCentral Individual A / C
      Water DescriptionPublic
      Sewer DescriptionPublic Sanitation
      Parking DescriptionAssigned
      Property parameters
      Living Area20501
      Lot Size20501
      Total Acreage0.470
      Zoning InformationTC-1
      Maximum Leasable Size20501
      Year Built1972
      Type of PropertyIncome / MultiFamily
      Type of BusinessApartments
      Construction TypeConcrete Block Construction,CBS Construction
      Stories Number1
      Listed withFausto Commercial Realty Consultants Inc