2314 Polk St new Save Request In-Person Tour Request Virtual Tour
Hollywood,FL 33020
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 7,632 sqft
Price per Sqft $379
Subdivision Hollywood Little Ranches
MLS Listing ID A11847092
Style Fourplex
Year Built 1972
Annual Tax Amount $36,984
Tax Year 2024
Property Sub-Type Quadruplex
Property 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
State FL
County Broward
Community Hollywood Little Ranches
Area 3050
Interior
Heating Central
Cooling Central Air
Flooring Other,Tile,Vinyl
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shingle
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 1
Sewer Public Sewer
Structure Type Brick,Block
Others
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11847092