2314 Polk St
$2,900,000
2314 Polk St, Hollywood, FL 33020
7,632 sqft
Building Size
13
Units
Details:
Highlights:
- Lot Features: City Location
- Cooling: Central Individual A/C, Other
- Heating: Central Individual A/C
- Flooring: Ceramic Floor, Other, Tile, Vinyl
- Construction Materials: Concrete Block Construction, CBS Construction
- Parking Features: Assigned
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
Gallery
