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2314 Polk St, Hollywood FL 33020

Commercial Active With Contract
$2,900,000

BTC: 96.66666667

ETH: 1,450.00000000

19 days
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

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

Florida • Hollywood • 33020 • Commercial • Active With Contract

Facts and features

Type:
Commercial Sale
Parking:
Assigned
Year Built:
1972
Lot:
0.47 Acres
Heating:
Central Individual A/C
Price/sqft:
No Data
Cooling:
Central Individual A/C / Other
HOA:
No Data
All facts and features

  • Flooring

    • Ceramic Floor

    • Other

    • Tile

    • Vinyl

    Heating

    • Central Individual A/C

    Cooling

    • Central Individual A/C

    • Other

  • Parking

    • Assigned

    Lot

    • Lot: 0.47 Acres

    Other Property Information

    • Parcel Number: 514216013280

    • Zoning: TC-1

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Source details

    • MLS ID: A11847110

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Lot Features: City Location

    • Water Source: Public

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc