Hollywood, FL 33020 2314 Polk St
$2,900,000
23 more
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc;
Beds • 14
Baths • 13
SQFT • 7,632
Home Details
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.
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc;
Interior Features for 2314 Polk St
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringOther, Tile, Vinyl
Heating Y/NYes
General for 2314 Polk St
Additional Parcels Y/NNo
Architectural StyleFourplex
Attached Garage No
Carport Y/NNo
CityHollywood
Construction MaterialsBrick, Block
CoolingCentralAir
CountyBroward
Garage Y/NNo
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionHOLLYWOOD LITTLE RANCHES 1-26 B LOT 15 BLK 7
LevelsOne
Listing TermsCash, Conventional, Other
Lot Size UnitsSquareFeet
MLS Area3050
MLS Area MinorHollywood East (3010-3050)
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeCallAgent
Pool FeaturesNone
PossessionClosingAndFunding
PostalCityHollywood
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Rent IncludesGardener, Other, PestControl, Sewer, TrashCollection, Water
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Showing InstructionsCall Listing Agent
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameHOLLYWOOD LITTLE RANCHES
Tax Annual Amount36984.0
Tax Year2024
UtilitiesCableAvailable
Virtual TourClick here
Year Built1972
Year Built DetailsResale
Zoning DescriptionTC-1
Exterior for 2314 Polk St
Building Area Total7632.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesQuarterToHalfAcreLot
Private PoolNo
SpaNo
Total Parking18.0
Waterfront Y/NNo
Additional Details
Price History
Jesse Cortes Lerias
Realtor®
