2314 Polk St, Hollywood, FL 33020
Local realty services provided by:First Service Realty ERA Powered
Listed by:elior levi
Office:fausto commercial realty consultants inc
MLS#:A11847092
Source:SEFMLS
Price summary
- Price:$2,900,000
- Price per sq. ft.:$379.98
About this home
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.
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Home facts
- Year built:1972
- Listing ID #:A11847092
- Updated:September 18, 2025 at 09:52 AM
Rooms and interior
- Living area:7,632 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Shingle
- Year built:1972
- Building area:7,632 sq. ft.
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,900,000
- Price per sq. ft.:$379.98
- Tax amount:$36,984 (2024)
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